PLBY Group, Inc. Earnings Recaps
Q2 2026
Aug 12, 2026
Playboy’s shares surged 11.5% following the quarter, driven by accelerating revenue growth and a significant shift to profitability and positive cash flow that surpassed investor expectations.
Key takeaways
- Revenue rose approximately 11% year-over-year to $31.2 million, reflecting clear top-line momentum.
- Adjusted EBITDA reached about $7 million despite nearly doubling litigation expenses to $700,000, marking the sixth consecutive profitable quarter.
- The company swung to positive operating income of roughly $3 million and achieved breakeven at the net income level, an $8 million improvement from last year.
- Operating cash flow turned positive, signaling improved cash generation beyond the impact of prior transactions.
- Net debt was reduced to $108 million, with a path to under 3x leverage expected by early 2028, supported by $37.1 million in cash and continued deleveraging through remaining UTG proceeds.
Q3 2025
Nov 13, 2025
Key takeaways
- Revenue reached $29 million, with net income at $500,000 and adjusted EBITDA of $4.1 million, despite litigation expenses.
- Licensing revenue surged 61% year over year, bolstered by six new licensing deals, totaling 14 for the year.
- Honey Birdette's comparable store sales rose by 22%, with gross margins improving by 700 basis points to 61%.
- Playboy is refocusing on brand content, aiming to leverage media, licensing, and experiential growth with minimal investment.
- The relaunch of Playboy magazine and new unique subscription offerings are expected to enhance brand engagement and revenue streams moving forward.