Playboy Inc Stock Price, News & Analysis

PLBY Group announced a successful amendment to its senior secured credit agreement, allowing waivers of net leverage ratio covenants until Q2 2024. This change is linked to expected debt paydowns from cash reserves and proceeds from a newly announced rights offering. CEO Ben Kohn emphasized that these moves are designed to alleviate cash burdens and enhance financial flexibility, supporting long-term growth plans for Playboy and Honey Birdette. Further details will be disclosed in a forthcoming SEC filing.

PLBY Group announced a rights offering for holders of its common stock, effective December 16, 2022. Eligible stockholders can purchase shares at $3.50 each, potentially raising up to $50 million upon full subscription. The offering will commence shortly after the Record Date and conclude on January 12, 2023, with an over-subscription option available. Key stockholders, including Chairman Suhail Rizvi and CEO Ben Kohn, plan to participate. Proceeds will primarily be used to reduce senior debt, as outlined in the prospectus to be filed with the SEC.

PLBY Group reported a 9% year-over-year revenue increase for Q3 2022, totaling $63.6 million. On a constant currency basis, revenue growth was 11%, reaching $64.8 million. The direct-to-consumer segment saw significant growth of 22%, contributing $44.0 million, driven by Honey Birdette and Playboy e-commerce. However, the company faced a net loss of $264.7 million, primarily due to non-cash asset impairment charges totaling $301.9 million.

PLBY Group, Inc. (Nasdaq: PLBY) will report its financial results for Q3 2022 on November 9, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss the outcomes. PLBY Group is known for the iconic Playboy brand, which generates significant global consumer spending. The company aims to lead in the pleasure and leisure industry, connecting consumers with products and experiences that enrich their lives.

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.