{"schema_version":"secwatch.filing_event.v1","accession":"0001803914-25-000085","form_type":"8-K","ticker":"PLBY","cik":"0001803914","company_name":"Playboy, Inc.","filed_at":"2025-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.781765+00:00","generated_at":"2026-05-21T05:31:26.624669+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PLBY Group Q1 2025 revenue $28.9M, net loss narrows to $9.0M, adj. EBITDA turns positive","bullets":["Revenue $28.9M (+2% YoY); licensing rev. $11.4M (+175% YoY) on Byborg deal and China rebuild.","Net loss $9.0M (improvement of $7.4M); adj. EBITDA $2.4M vs -$2.5M in Q1 2024, first positive since 2023.","Honey Birdette rev. $16.3M (-13% YoY) due to fewer sale days; full-price sales +8%, gross margin 58% vs 52%.","Byborg deal: $5M guaranteed royalties in Q1, $20M/yr for 15 yrs; $3.8M transition costs incurred, $20M due by July 1.","Cash $23.7M, long-term debt $155.1M; operating expenses down 6% YoY to $35.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001803914-25-000085","json":"https://secwatch.observer/filing/0001803914-25-000085.json","markdown":"https://secwatch.observer/filing/0001803914-25-000085.md","text":"https://secwatch.observer/filing/0001803914-25-000085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1803914/000180391425000085/0001803914-25-000085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1803914/000180391425000085/ply-20250515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T05:31:26.624669+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}