Plby Group Inc SEC Filings

Playboy, Inc. reported improved top-line and narrower losses in the quarter ended June 30, 2025. Net revenues rose to $28.1 million from $24.9 million a year earlier, and for the six months revenues increased to $57.0 million from $53.2 million. Operating loss for the quarter narrowed to $5.9 million from $9.2 million, and net loss was $7.7 million versus $16.7 million in the prior-year quarter, reflecting lower interest expense and cost management.

The company completed a long-term License & Management Agreement with Byborg effective January 1, 2025, under which Playboy will receive $20.0 million in minimum guaranteed royalties per year and recognized $5.0 million and $10.0 million of such royalties in the three- and six-month periods, respectively. Liquidity shows $19.6 million of unrestricted cash and $21.7 million of cash and restricted cash at period-end, total debt (net) of $177.5 million, and mezzanine preferred equity of $19.1 million. Management states it was covenant-compliant at June 30, 2025 and believes existing liquidity is sufficient for at least one year, while noting covenant risk if macroeconomic conditions worsen.

Playboy, Inc. issued a press release announcing its financial results for the second fiscal quarter of 2025, which ended June 30, 2025, and posted a letter to stockholders on its investor relations website at investors.playboy.com. Both documents are attached to this Current Report on Form 8-K as Exhibit 99.1 (press release) and Exhibit 99.2 (stockholder letter).

The filing notes the company uses multiple public channels to distribute material information and states that the content of Items 2.02 and 7.01 and Exhibits 99.1 and 99.2 is furnished, not "filed," for purposes of Section 18 of the Exchange Act and is not incorporated by reference in other filings except where expressly indicated. The report is signed by Chris Riley, General Counsel and Secretary.

Playboy, Inc. (formerly PLBY Group, Inc.) filed an 8-K to disclose two charter amendments that became effective at 12:01 a.m. ET on 25 June 2025.

• Corporate rebranding: The corporate name changes from “PLBY Group, Inc.” to “Playboy, Inc.” All Nasdaq trading details—including ticker symbol (PLBY) and CUSIP—remain unchanged.
• Authorized Share Increase: The number of authorized common shares rises from 150 million to 400 million, a 167% expansion that materially increases the company’s capacity to issue new equity.
• Governance housekeeping: The Board adopted conforming amendments to (i) the Second Amended & Restated Bylaws and (ii) the 2021 Equity & Incentive Compensation Plan. No substantive terms were altered beyond reflecting the new corporate name.
• Stockholder approval: Both the name change and share-increase proposals were approved at the 16 June 2025 annual meeting.
• No immediate shareholder action required: The amendments do not affect existing share rights, certificates, or trading mechanics.

The filing does not contain financial results, M&A activity, or operational updates. However, the substantial increase in authorized shares signals management’s desire for added capital-raising flexibility—which can be positive for growth initiatives but introduces dilution risk if new shares are issued.