Plby Group Inc Stock Price, News & Analysis

PLBY Group (NASDAQ: PLBY) has announced its participation in the 37th Annual Roth Conference in Dana Point, California. CEO Ben Kohn will engage in a fireside chat on March 18, 2025, at 11:30 a.m. PT, which will be webcast live and archived on the company's investor relations website.

The conference, recognized as one of the nation's largest small-cap events, will feature approximately 500 private and public companies from various growth sectors. Management will be available for one-on-one meetings throughout the event, which can be scheduled through Roth representatives.

Playboy, PLBY Group's flagship brand, operates in approximately 180 countries, focusing on creating pleasure and leisure products, content, and experiences. The company's mission centers on fostering a culture of pleasure pursuit, building on its 70-year legacy of media and hospitality experiences while advocating for cultural progress.

PLBY Group (NASDAQ: PLBY), owner of the Playboy brand, has announced it will release its fourth quarter and full year 2024 financial results on Thursday, March 13, 2025, after U.S. market close. The company will issue a press release with quarterly results and management commentary, followed by an analyst Q&A session via webcast at 5 p.m. Eastern Time.

The earnings announcement and webcast will be accessible through the company's investor relations website. PLBY Group operates as a global pleasure and leisure company, with the Playboy brand available in approximately 180 countries.

PLBY Group has announced the appointment of Gyorgy Gattyan to its Board of Directors, expanding the board from five to seven directors, with one seat currently vacant. This appointment follows a long-term license agreement with Byborg Enterprises and significant investments totaling $47.79 million from a Byborg affiliate controlled by Gattyan, with $25.44 million pending stockholder approval.

Gattyan brings over 10 years of experience as an entrepreneur and digital technology executive. He is the CEO of Docler Holding S.a.r.l., a multinational IT, media, and entertainment company he founded in 2013. He also founded LiveJasmin, a webcam platform, in 2001. The appointment aligns with Playboy's strategy to pursue a digital-focused, asset-light business model.

PLBY Group (NASDAQ: PLBY) has announced the conversion of 25% of its Series B Convertible Preferred Stock into common stock as part of its balance sheet streamlining and deleveraging strategy. The company converted 7,000 shares of Series B Stock into 3,784,688 common shares at a conversion price of $1.85 per share, representing a 23% premium to the December 2024 securities purchase agreement with Byborg Enterprises SA.

Following the conversion, PLBY Group's outstanding Series B Stock decreased to 21,000.00001 shares, with total common stock outstanding reaching 93,736,325 shares. The company received no proceeds from this conversion but maintains the option to convert additional Series B Stock or redeem it for cash in the future based on common stock price performance.

PLAYBOY magazine announced its return to newsstands on February 10, 2025, with Lori Harvey as the cover model. The reimagined magazine, available for pre-order, will feature an exclusive interview and photo shoot with Harvey, conducted by Editor in Chief Mike Guy. The issue includes a Playboy Interview with comedian Nikki Glaser and marks the return of the Playmate of the Year tradition, with the winner to be unveiled during Big Game Weekend in New Orleans.

The new edition aims to blend the magazine's iconic legacy with contemporary perspectives, featuring a mix of cutting-edge content, bold storytelling, and cultural insights. The magazine will be available at Barnes & Noble locations nationwide, marking a significant milestone in PLAYBOY's publishing history.

PLBY Group has announced its decision to retain Honey Birdette following significant balance sheet improvements after closing the Byborg Enterprises licensing agreement. The company projects approximately $120 million in total revenue for the full year and expects to become cash flow positive in 2025.

The company currently has $36 million in cash on its balance sheet with $120 million in net senior debt, which is expected to decrease to below $100 million by the end of 2025. PLBY Group plans to use the net proceeds from a proposed $25.4 million follow-on investment to reduce senior debt, subject to stockholder approval.

The decision to retain Honey Birdette was based on operational improvements and future growth prospects that are expected to significantly increase its value. The company's transition to an asset-light model, supported by guaranteed royalty and licensing payments, has contributed to a leaner cost structure.

PLBY Group has finalized a strategic partnership with Byborg Enterprises SA, featuring a 15-year exclusive licensing agreement worth $300 million in minimum guaranteed payments. The deal includes Byborg licensing Playboy's digital IP and operating Playboy Plus, Playboy TV, and Playboy Club, with annual payments of $20 million against 25% of net profits.

Additionally, Byborg commits to purchase $25 million of new PLBY shares at $1.50 per share, subject to stockholder approval. The partnership aims to leverage Byborg's 70 million daily visitors and technology expertise to expand Playboy's reach and transition to an asset-light business model, with expected completion by June 30, 2025.

PLBY Group (NASDAQ: PLBY) announced its Q3 2024 financial results, highlighting a 21% decline in total revenue to $12.9 million from the prior year's $16.3 million, primarily due to a decrease in licensing revenue. The company reported a net loss of $33.8 million, up from $7.1 million in Q3 2023, due to impairment charges and reduced licensing income. Adjusted EBITDA swung to a loss of $1.8 million compared to a positive $1.8 million in the previous year. PLBY restructured its debt, reducing senior debt by $66 million to $152 million, and issued $28 million in convertible preferred stock. The company secured a strategic investment from Byborg Enterprises, raising $22.35 million and expects $300 million in guaranteed minimums over 15 years from a pending licensing agreement. PLBY also relaunched Playboy.com and plans to revive Playboy magazine in early 2025.

PLBY Group has completed a $22.35 million private placement through the sale of 14.9 million newly issued, unregistered shares of common stock to an affiliate of Byborg Enterprises SA. The shares were sold at $1.50 per share and are subject to a one-year lock-up period, with exceptions. Following the placement, PLBY Group's total outstanding common stock reached approximately 89.59 million shares.