PLBY Group retains Honey Birdette; guides FY2025 revenue ~$120M, cash flow positive

Playboy, Inc.

Company decides to retain Honey Birdette after improved balance sheet from Byborg license agreement.
FY2025 expected total revenue ~$120M, cash flow positive, net senior debt below $100M by year-end.
Current cash $36M, net senior debt $120M; expects to reduce debt with $25.4M follow-on investment.
Strategic shift away from exploring sale; management sees significant growth potential for Honey Birdette.

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