Plby Group Inc Stock Price, News & Analysis

PLBY Group announced its Q2 2024 financial results, reporting a total revenue of $24.9 million, a 29% decline year-over-year. The company's net loss from continuing operations improved to $16.7 million, compared to $132.3 million in Q2 2023. The company's adjusted EBITDA loss was $2.9 million, a decline from a $0.1 million adjusted EBITDA loss in the prior year period. Revenue declines were mainly due to a decrease in licensing, particularly in China, and a transition of Playboy.com e-commerce to a licensing model. PLBY secured an agreement to repay senior debt at a significant discount and launched a new ATM program. They also announced the return of Playboy Magazine in early 2025, new licensing deals worth $45 million, and the launch of a redesigned Playboy.com with original content.

PLBY Group (NASDAQ: PLBY) has entered into a 7-year licensing agreement with Sunny Cusco for exclusive rights to develop and sell apparel and other licensed products on shop.playboy.com. The deal includes $7.5 million in guaranteed payments, with $1.25 million upfront and $6.3 million in minimum guarantees and excess royalties.

This partnership aims to expand Playboy's social media and commerce strategy, focusing on creator and influencer collaborations. It will leverage platforms like TikTok Shop and Instagram Shop to reach new audiences in the social commerce segment. A redesigned shop.playboy.com is expected to launch in October with new and elevated products.

PLBY Group CEO Ben Kohn emphasized that this partnership will enable Playboy to become a more comprehensive partner to creators, helping them expand and diversify their revenues in ways other creator platforms currently do not offer.

PLBY Group, Inc. (NASDAQ: PLBY), a leading pleasure and leisure lifestyle company and owner of Playboy, has announced it will report its second quarter 2024 financial results on Thursday, August 8, 2024, after the U.S. stock market closes. The company will release a press release discussing the quarter, including management remarks, followed by an analyst question and answer session at 5 p.m. Eastern Time, which will be webcast.

This format aims to create a more conversational and focused discussion on top questions rather than prepared remarks. Both the press release and webcast will be accessible on the company's investor relations website. PLBY Group's flagship brand, Playboy, drives billions in global consumer spending with products and content available in approximately 180 countries.

PLBY Group (NASDAQ: PLBY) has entered a multi-year global product license agreement with Thai Nippon Rubber Industry (TNR) for Playboy-branded condoms and lubricants. This agreement grants TNR rights to design, produce, promote, and distribute these products through various channels. PLBY Group will receive royalty payments, including minimum guarantees, on products sold under this agreement.

The deal resolves a previous legal dispute between the companies and sets the stage for growth in PLBY Group's licensing business. CEO Ben Kohn highlighted the agreement's importance as a commercial milestone, emphasizing the potential for rapid market entry and revenue capture through strategic brand and product development.

PLBY Group, Inc. reports its first-quarter 2024 financial results, showing stabilization and improved performance with a focus on driving profitable growth. Highlights include new brand licensing agreements in China, growth at Honey Birdette, reduction in net losses, and improved profitability. Despite revenue declines, the company remains optimistic about future growth opportunities.

PLBY Group, Inc. announced that its China joint venture has entered into multiple new licensing agreements in China, including a five-year deal with Duhan for men's and women's apparel, an extended license for underwear, a new event and venue agreement, and a three-year deal for footwear, bags, and specialty apparel. The goal is to reinvigorate the Playboy brand in China by partnering with experienced online platforms and incentivizing partners to invest in the brand.

PLBY Group, Inc. will announce its first quarter 2024 financial results on May 9, 2024. The company owns Playboy and is a leader in pleasure and leisure lifestyle. The press release will include remarks from management and a webcast for analysts to ask questions. The event aims to provide insights on the quarter's performance.