Core Insights - PLBY Group, Inc. is participating in the Planet MicroCap Showcase in Las Vegas on April 23 & 24, 2025, highlighting its position as a leading pleasure and leisure lifestyle company [1] - CEO Ben Kohn and CFO Marc Crossman will present on April 23, 2025, at 5 p.m. PT and will conduct one-on-one meetings with investors [2] - PLBY Group's flagship brand, Playboy, is recognized globally, with products and content available in approximately 180 countries, emphasizing the company's mission to promote pleasure as a fundamental human right [4] Company Overview - PLBY Group is a global company focused on connecting consumers with products, content, and experiences that enhance their lives [4] - The company has a legacy of over 70 years in media and hospitality, advocating for cultural progress based on values of equality and freedom of expression [4]

The Proposal to Sell and Issue 16,956,842 Shares of Common Stock, at a Sale Price of $1.50 per Share, to an Affiliate, to be Added to the 2025 Annual MeetingLOS ANGELES, April 17, 2025 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (Nasdaq: PLBY) (the “Company” or “PLBY Group”), a leading pleasure and leisure lifestyle company and owner of Playboy, one of the most recognizable and iconic brands in the world, announced today that the Company determined to cancel its previously adjourned special meeting of stockholders ...

Core Viewpoint - PLBY Group, Inc. held a Special Meeting of Stockholders on March 20, 2025, which was adjourned due to lack of quorum, and will reconvene virtually on April 17, 2025, to allow stockholders to vote on proposals [1][2]. Group 1: Special Meeting Details - The Special Meeting was convened and adjourned without conducting any business due to insufficient quorum [1]. - The reconvened Special Meeting will take place virtually on April 17, 2025, at 1:00 p.m. Eastern Time, allowing stockholders additional time to vote [2]. - Stockholders can attend the reconvened meeting via a live audio webcast and must log in with their control number [2]. Group 2: Voting Information - The record date for stockholder eligibility to vote remains January 23, 2025, and previously submitted proxies will be voted unless revoked [3]. - Stockholders can cast their votes online or by phone before the reconvened meeting, or during the meeting itself [3]. - The Company encourages stockholders who have not yet voted to do so by April 16, 2025, at 11:59 p.m. Eastern Time [4]. Group 3: Recommendations - The Company's Board of Directors unanimously recommends that stockholders vote "FOR" all proposals [4]. - Independent proxy advisory firms, Institutional Shareholder Services Inc. and Glass Lewis, also recommend voting "FOR" all proposals [4]. Group 4: Company Overview - PLBY Group, Inc. is a global pleasure and leisure company, known for its flagship brand, Playboy, which is recognized in approximately 180 countries [6]. - The Company's mission focuses on creating a culture where individuals can pursue pleasure, rooted in values of equality and freedom of expression [6].

Financial Data and Key Metrics Changes - 2024 was a challenging year for the company, but it was necessary for repositioning to an asset-light model, with positive EBITDA starting to emerge in Q4 excluding foreign currency effects [7] - The company expects to be free cash flow positive on a full-year basis starting in 2025, following the completion of the transition of legacy adult properties to the buy board [8][36] Business Line Data and Key Metrics Changes - The buy board deal completed in Q4 significantly enhances profitability and cash flow moving forward, with a minimum guarantee of $20 million from this deal [25] - The company is focusing on fewer but larger licensing deals, particularly in the clothing sector, while also exploring new opportunities in gaming and other categories [21][24] Market Data and Key Metrics Changes - The company is optimistic about the growth prospects in existing licensing deals and new opportunities in food categories and gaming, which historically generated significant revenue [9][22] - The relaunch of the Playboy magazine is seen as a key marketing vehicle, with plans to release four issues annually and develop new revenue streams around it [10][11] Company Strategy and Development Direction - The company is transitioning to an asset-light model, aiming to reduce corporate overhead and focus on partnerships with skilled operators [38] - The strategy includes leveraging the Playboy brand through various media channels, including podcasts and social media, to stay relevant with consumers [46][50] Management's Comments on Operating Environment and Future Outlook - Management acknowledges potential risks in consumer spending and economic uncertainty but believes there is more upside than downside in the business [26][27] - The focus is on rebuilding revenue streams and enhancing brand visibility through innovative marketing strategies and partnerships [48][52] Other Important Information - The company plans to bring back twelve Playmates and explore sponsorship opportunities tied to the magazine and events [39][56] - Management emphasizes the importance of using the magazine as a marketing tool rather than solely for print revenue [11][47] Q&A Session Summary Question: Inquiry about revenue and licensing guarantees - Management discussed the risk assessment for non-minimum guarantee licensing revenue and expressed confidence in the pipeline set in 2024 for 2025 [18][21] Question: Discussion on corporate infrastructure and G&A - Management confirmed ongoing assessments of corporate structure post-buy board deal, aiming for a leaner, asset-light operation [32][35] Question: Rationale for additional revenue sources - Management explained the strategy to engage consumers through various content distribution channels, enhancing brand presence without significant marketing expenditure [46][50]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-39312 PLBY GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...

Revenue Performance - Q4 2024 revenue was $33.5 million, a decrease of 15% from $39.4 million in Q4 2023, primarily due to a one-time accounting acceleration related to a former Chinese licensing partner[5] - Licensing revenue fell to $7.8 million, down 42% year-over-year from $13.4 million, largely due to the termination of a major Chinese licensing agreement[6] - Direct-to-Consumer revenue was $19.9 million, slightly down from $20.4 million in Q4 2023, attributed to reduced promotional activity[7] - Full year 2024 total revenue was $116.1 million, a decrease of 19% from $143.0 million in 2023, with significant declines in licensing revenue and e-commerce[9] - The company expects to generate approximately $120 million in revenue in 2025, supported by a strong licensing business with 86% of revenue secured through contracted minimums[2] Net Loss and Financial Performance - The net loss for Q4 2024 was $12.5 million, compared to a net loss of $9.6 million in Q4 2023[7] - The total net loss improved to $79.4 million in 2024 from $180.4 million in 2023[10] - Adjusted EBITDA loss improved to $6.3 million in 2024, compared to a loss of $7.3 million in 2023[11] - The net loss for Q4 2024 was $12,543 million, compared to a net loss of $3,758 million in Q4 2023, indicating a significant increase in losses[20] - Adjusted EBITDA for Q4 2024 was $(131) million, a decrease from $1,122 million in Q4 2023[26] - The company reported a net loss per share from continuing operations of $0.15 for Q4 2024, compared to $0.13 in Q4 2023[20] - The total net loss attributable to PLBY Group, Inc. for the year ended December 31, 2024, was $79,397 million, down from $180,418 million in 2023[20] Cash and Debt Management - As of December 31, 2024, cash and cash equivalents were $30.9 million, up from $28.1 million a year earlier, while long-term debt decreased to $122.2 million from $183.5 million[12] - Total operating expenses decreased to $37,947 million in Q4 2024 from $45,659 million in Q4 2023, reflecting a reduction of 17%[20] - Interest expense for Q4 2024 was $4,008 million, a decrease from $5,707 million in Q4 2023, reflecting a reduction of 30%[26] Strategic Initiatives - PLBY Group plans to relaunch PLAYBOY magazine quarterly and introduce 12 Playmates a year, aiming to monetize through subscriptions and sponsorships[2] Impairments and Operational Losses - Impairments for Q4 2024 were $1,356 million, down from $8,252 million in Q4 2023, showing a reduction of 84%[26] - The company incurred a loss from continuing operations before income taxes of $11,658 million in Q4 2024, compared to $11,817 million in Q4 2023[20] - The weighted average shares used in computing net loss per share increased to 83,893,637 in Q4 2024 from 73,676,424 in Q4 2023[20]

Enters 2025 Poised for Growth and Profitability with Asset-Light ModelLOS ANGELES, March 13, 2025 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group” or the “Company”), a leading pleasure and leisure lifestyle company and owner of Playboy, one of the most recognizable and iconic brands in the world, today announced financial and operational results for the quarter and year ended December 31, 2024. Comments from Ben Kohn, Chief Executive Officer of PLBY Group “During 2024, we largely completed ...

LOS ANGELES, March 12, 2025 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group” or the “Company”), owner of Playboy, one of the most recognizable and iconic brands in the world, today announced that Ben Kohn, Chief Executive Officer, will participate in a fireside chat at the 37th Annual Roth Conference to be held on March 17-18 in Dana Point, California. The fireside chat is scheduled for 11:30 a.m. PT on Tuesday March 18, 2025, and will be webcast live and archived on Playboy’s website at ht ...

Core Viewpoint - PLBY Group, Inc. is set to report its fourth quarter and full year 2024 financial results on March 13, 2025, after the U.S. stock market closes [1] Group 1: Financial Reporting - The company will issue a press release detailing the quarter's performance, including management remarks [2] - An analyst question and answer session will follow the press release at 5 p.m. Eastern Time, which will be webcast for a more interactive discussion [2] Group 2: Company Overview - PLBY Group, Inc. is a global pleasure and leisure company that connects consumers with products, content, and experiences aimed at enhancing their lives [3] - Playboy, the company's flagship brand, is recognized worldwide, with products and content available in approximately 180 countries [3] - The company's mission emphasizes creating a culture where individuals can pursue pleasure, rooted in values of equality, freedom of expression, and the belief that pleasure is a fundamental human right [3]

Core Insights - PLBY Group, Inc. has appointed Gyorgy Gattyan to its Board of Directors, expanding the board from five to seven members, currently comprising six directors with one vacant seat [1][2] - Mr. Gattyan's appointment follows a long-term license agreement with Byborg Enterprises S.A., which he controls, and a $22.35 million investment in PLBY Group by a Byborg affiliate, along with another pending investment of $25.44 million subject to stockholder approval [2][3] - Mr. Gattyan brings over 10 years of experience as an entrepreneur and digital technology executive, which aligns with PLBY Group's strategy to pursue a digital-focused, asset-light business model [3] Company Overview - PLBY Group, Inc. is a global pleasure and leisure company, known for its flagship brand Playboy, which operates in approximately 180 countries [4] - The company's mission is to create a culture where all people can pursue pleasure, building on over 70 years of media and hospitality experiences [4]