PLBY Group (NASDAQ:PLBY) Issues Quarterly Earnings Results

Key Points

• PLBY Group beat quarterly expectations: Earnings were $0.02 per share versus analysts’ $0.01 estimate, while revenue of $31.71 million topped the $30.32 million consensus.
• Profitability improved: Revenue grew 9% year over year, adjusted EBITDA nearly doubled to $7.9 million, and net income rose to $1.9 million. This marked the company’s seventh consecutive quarter of positive adjusted EBITDA.
• Growth and debt remain key priorities: Honey Birdette revenue increased 12%, and China licensing revenue rose nearly 40%; management also cited plans to pay down debt, with net debt at about $115 million.

PLBY Group (NASDAQ:PLBY - Get Free Report) issued its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.01, FiscalAI reports. PLBY Group had a net margin of 0.23% and a return on equity of 30.31%. The company had revenue of $31.71 million for the quarter, compared to analysts' expectations of $30.32 million.

Here are the key takeaways from PLBY Group's conference call:

• Profitability improved sharply: Revenue rose 9% to $31.7 million, while adjusted EBITDA nearly doubled to $7.9 million, marking the company’s seventh consecutive quarter of positive adjusted EBITDA. Net income increased to $1.9 million from $0.5 million a year earlier.
• Licensing momentum is building, though growth is uneven: China licensing revenue grew nearly 40%, and the partner signed three agreements with about $15 million in combined contract value. Playboy cited $324 million of contracted revenue not yet recognized and expects rest-of-world licensing to return to growth in 2027, while noting that segment revenue there was flat in the quarter excluding prior-year audit settlements.
• Honey Birdette delivered growth and improved profitability: Revenue increased 12%, comparable sales rose 11%, and adjusted operating income roughly doubled to $2.4 million. The company plans to expand into swim and activewear and launch three more Playboy collaborations next year.
• Playboy is pursuing a Miami Beach members club: The company plans to contribute about $5 million toward acquiring and developing the property, expects to recoup that investment through membership sales, and intends to use the venue as a base for future licensing. The hotel will continue operating during planning and rehabilitation; membership timing remains undetermined.
• Management outlined further debt reduction: Net debt was about $115 million, or roughly 3.8 times trailing adjusted EBITDA excluding litigation expenses. The company said $37 million is earmarked for debt paydown by January 2028, though it acknowledged that more debt remains to retire.

PLBY Group Stock Performance

Shares of PLBY traded up $0.05 during trading hours on Friday, reaching $1.29. 1,682,830 shares of the company's stock traded hands, compared to its average volume of 903,373. PLBY Group has a twelve month low of $0.95 and a twelve month high of $2.75. The business's fifty day simple moving average is $1.11 and its two-hundred day simple moving average is $1.43. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.79 and a quick ratio of 0.64. The firm has a market capitalization of $154.55 million, a price-to-earnings ratio of 26.50 and a beta of 1.88.

Insider Buying and Selling

In related news, Director Tracey E. Edmonds sold 25,900 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $1.16, for a total value of $30,044.00. Following the completion of the transaction, the director owned 142,253 shares in the company, valued at $165,013.48. This represents a 15.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Special Opportuniti Drawbridge sold 4,761,905 shares of the firm's stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $1.05, for a total transaction of $5,000,000.25. Following the transaction, the insider directly owned 85,328 shares in the company, valued at approximately $89,594.40. The trade was a 98.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,670,064 shares of company stock valued at $8,060,178 over the last 90 days. 34.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PLBY shares. Zacks Research upgraded shares of PLBY Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Weiss Ratings raised shares of PLBY Group from a "sell (d-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PLBY Group has an average rating of "Reduce".

About PLBY Group

PLBY Group, Inc was a global media and lifestyle company associated with the Playboy brand. Its business focused on developing, licensing and marketing Playboy-branded products and experiences across categories including apparel, accessories, consumer products, digital media and sexual wellness.

The company's operations were built around the Playboy intellectual property, which includes the Playboy name, rabbit-head logo, editorial archive and related creative assets. PLBY Group generated business through brand licensing, direct-to-consumer commerce, digital content and partnerships with manufacturers, retailers and other commercial operators.

Playboy was founded by Hugh Hefner in 1953 as a men's lifestyle magazine and later expanded into television, publishing, hospitality, merchandise and licensing.

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