Plby Group Inc Stock Price, News & Analysis

PLBY Group announced its Q2 2022 financial results, reporting a 31% revenue growth year-over-year to $65.4 million. Direct-to-consumer sales surged 59% to $44.6 million, while licensing revenue remained stable at $15.9 million. Despite these gains, the company faced challenges with an net loss of $8.3 million and an adjusted EBITDA loss of $2.6 million. CEO Ben Kohn emphasized the importance of reducing non-core costs and focusing on long-term strategies amid a challenging macroenvironment.

PLBY Group (Nasdaq: PLBY), a renowned pleasure and leisure lifestyle company, announced its participation in the Canaccord Genuity 42^nd Annual Growth Conference.

Chief Financial Officer Lance Barton will engage in a fireside chat on August 11, 2022, at 11:00 AM ET. A live webcast will be accessible on the PLBY Group Investor Relations site, and a replay will be available for one year.

PLBY Group aims to connect consumers worldwide with products and experiences that enhance their lives, with Playboy as its flagship brand.

PLBY Group, Inc. (Nasdaq: PLBY) will announce its second-quarter financial results for fiscal 2022 on August 9, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results. As a notable lifestyle brand, Playboy engages consumers globally with products and content across around 180 countries. The company aims to foster a culture where pleasure is a fundamental right, backed by decades of media and hospitality experience.

PLBY Group, a leading lifestyle company known for its iconic Playboy brand, announced its participation in several investor conferences scheduled for early June 2022. The events include the Craig Hallum 19th Annual Institutional Investor Conference and the Cowen 50th Annual Technology, Media & Telecom Conference, among others. These meetings aim to connect management with investors and explore opportunities. For the latest investor materials, visit the Company’s Investor Relations website.

On May 17, 2022, PLBY Group, Inc. (NASDAQ: PLBY) announced a $50 million common stock repurchase program, backed by private placement financing. This strategic move is intended to enhance shareholder value and reflects the company's confidence in its revamped Playboy brand and long-term growth objectives. CEO Ben Kohn emphasized the potential for sustainable value creation through this initiative. The repurchase program is flexible and can be adjusted or halted at any time, ensuring adaptability to market conditions.

PLBY Group, a leading pleasure and leisure lifestyle company known for the Playboy brand, will participate in the 17th Annual Needham Technology & Media Conference on May 17, 2022. CEO Ben Kohn is scheduled to present at 9:30 AM ET. Investors can access a live webcast of the presentation on the PLBY Group Investor Relations site, with a replay available online for one year. PLBY Group connects consumers with products and experiences aimed at enhancing their lives, promoting a culture of pleasure and equality established over nearly seven decades.

PLBY Group, owner of the iconic Playboy brand, reported a remarkable 63% year-over-year revenue growth for Q1 2022, totaling $69.4 million. Direct-to-consumer sales surged 125% year-over-year, reaching $49.6 million. The company achieved a net income of $5.5 million and an adjusted EBITDA of $1.2 million.

CEO Ben Kohn highlighted the strong demand for Playboy products and the success of the digital platform, Centerfold, indicating a cohesive growth strategy aimed at leveraging Playboy's global presence.

PLBY Group announced a partnership with model and entrepreneur Amber Rose, who will join the CENTERFOLD platform as a founding creator. This new digital platform enables creators to connect directly with fans while allowing for personal content and commerce opportunities. Subscribers to Rose's CENTERFOLD page will receive exclusive behind-the-scenes content. The partnership underscores Playboy's commitment to fostering artistic expression and community engagement in a positive environment.

PLBY Group partnered with The Standard Hotel and multi-platinum artist Cardi B to host The Boom Boom After Party on May 2, 2022, in celebration of the Met Gala 2022 theme, 'In America: An Anthology of Fashion.' The event showcased the iconic Playboy Bunny costume, emphasizing its cultural significance and historical roots. Cardi B, as Playboy’s first Creative Director in Residence, will share exclusive content from the event on her new creator-led platform, CENTERFOLD.