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Playboy to Participate in Upcoming Investor Conferences
Globenewswire· 2025-11-13 22:16
Core Insights - Playboy, Inc. is actively participating in upcoming investor conferences, indicating a focus on investor relations and engagement [1][3] - The company is recognized as a global pleasure and leisure brand, with a mission centered on promoting pleasure as a fundamental human right [2] Company Overview - Playboy, Inc. operates in approximately 180 countries, providing products and content that aim to enhance consumer happiness and fulfillment [2] - The brand has a legacy of over 70 years in media and hospitality, advocating for cultural progress and core values such as equality and freedom of expression [2] Upcoming Events - Playboy will be featured at the Clear Street Disruptive Technology Conference on November 20 in Palm Beach, Florida [3] - The company will also participate in the Roth Capital Partners 14th Annual Deer Valley Event from December 10-13 in Deer Valley, Utah [3]
Playboy Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-12 21:08
Core Viewpoint - Playboy, Inc. reported its third fiscal quarter results for 2025, highlighting a significant improvement in net income and adjusted EBITDA, despite facing litigation costs and a slight decline in total revenue compared to the previous year [2][3][4]. Financial Performance - Total revenue for Q3 2025 was $29.0 million, a decrease from $29.4 million in Q3 2024, but adjusted for one-time revenue items, it would have increased by 4.2% [4][6]. - Licensing revenue reached $12.0 million, marking a 61% increase year-over-year from $7.4 million in Q3 2024, driven by minimum guaranteed royalties and new licensing deals [5][6]. - Direct-to-consumer revenue was $16.4 million, slightly down from $16.6 million in Q3 2024, attributed to a focus on full-price products and the closure of seven stores [6][7]. Profitability Metrics - Net income for Q3 2025 was $0.5 million, a significant improvement from a net loss of $33.8 million in Q3 2024, reflecting the impact of litigation costs and prior-year impairment charges [7][8]. - Adjusted EBITDA for the quarter was $4.1 million, compared to an adjusted EBITDA loss of $0.6 million in Q3 2024, indicating a positive trend in operational efficiency [8][9]. Debt Management - The company extended the maturity of its senior debt to May 2028, which includes provisions for interest rate reductions based on certain prepayments, enhancing its financial stability [3][4]. Strategic Focus - Playboy aims to reignite growth through three high-potential verticals: licensing, media and experiences, and hospitality, which are expected to generate recurring, high-margin revenue [3][4].
Playboy to Participate in Planet MicroCap Showcase Toronto 2025 Conference
Globenewswire· 2025-10-14 12:00
Core Insights - Playboy, Inc. will participate in the Planet MicroCap Showcase: Toronto 2025 Conference on October 22-23, 2025 [1] - Management will present on October 22 at 2 p.m. ET, followed by investor meetings on October 23 [2] - The presentation will be available on Playboy's investor relations website [2] Company Overview - Playboy, Inc. is a global pleasure and leisure company, recognized for connecting consumers with products, content, and experiences [3] - The brand operates in approximately 180 countries and has a mission to create a culture where all people can pursue pleasure [3] - Playboy has over 70 years of experience in media and hospitality, advocating for cultural progress based on equality and freedom of expression [3]
Playboy to Participate in Lake Street’s Best Ideas Growth Conference
Globenewswire· 2025-09-02 11:00
Core Insights - Playboy, Inc. will participate in the 9th Annual Lake Street Capital Markets Best Ideas Growth (BIG9) Conference in New York City on September 11, 2025 [1] - CEO Ben Kohn will be available for one-on-one meetings with investors during the conference [2] - Playboy, Inc. is a global pleasure and leisure company with a mission to create a culture where all people can pursue pleasure, operating in approximately 180 countries [3] Company Overview - Playboy, Inc. is recognized as one of the most iconic brands globally, focusing on connecting consumers with products, content, and experiences that enhance their lives [3] - The company has over 70 years of history in creating media and hospitality experiences while advocating for cultural progress based on values of equality and freedom of expression [3]
Playboy Converts Remaining Preferred Shares to Common Stock at Over $1.74 Per Share
Globenewswire· 2025-08-25 12:00
Core Viewpoint - Playboy, Inc. has successfully converted all remaining Series B Convertible Preferred Stock into common stock, reflecting its ongoing efforts to improve its balance sheet and reduce debt [1][2][3] Group 1: Conversion Details - The conversion resulted in 12,439,730 shares of common stock being issued at a conversion price of $1.74448 per share, which is over 6% higher than the common stock's closing price on August 21, 2025 [2] - The conversion price also represents a more than 16% premium compared to the price during the company's private placement of common stock in Q4 2024 [2] - Following the conversion, Playboy has no preferred stock outstanding and a total of 107,548,055 shares of common stock [2] Group 2: Financial Impact - As of the conversion date, the company reported approximately $128 million in net debt, which is a reduction of about $70 million over the past year [2] - The Board of Directors believes the company's share price is undervalued and anticipates undiscounted interest savings of $6.992 million through the remaining term of the Series B Stock, which was set to mature at the end of 2027 [3] Group 3: Company Overview - Playboy, Inc. is a global pleasure and leisure company with a mission to create a culture where all people can pursue pleasure, operating in approximately 180 countries [4] - The company has a history of over 70 years in creating media and hospitality experiences while advocating for cultural progress based on equality and freedom of expression [4]
Playboy Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-12 20:05
Core Viewpoint - Playboy, Inc. reported a significant improvement in its financial performance for Q2 2025, with a focus on transforming into an asset-light business model centered around its iconic brand [2][3]. Financial Performance - Total revenue for Q2 2025 was $28.1 million, representing a 13% increase from $24.9 million in Q2 2024 [4]. - Licensing revenue surged to $10.9 million, a 105% increase from $5.3 million in Q2 2024, driven by new licensing partnerships and renegotiated agreements [5]. - Direct-to-consumer revenue reached $16.5 million, up 14% from $14.5 million in Q2 2024, attributed to improved consumer perception of the Honey Birdette brand [6]. - The net loss narrowed to $7.7 million, compared to a net loss of $16.7 million in Q2 2024, reflecting a significant improvement of $9.0 million [7]. - Adjusted EBITDA was $3.5 million, an improvement from an adjusted EBITDA loss of $2.9 million in Q2 2024 [8]. Operational Highlights - The company experienced a 14% revenue increase from Honey Birdette, with same-store sales rising by 28% and gross margins improving by approximately 200 basis points to 59% [3]. - The launch of the Great Playmate Search and plans for a Playboy hospitality venue in Miami Beach indicate new growth opportunities [3]. - The company holds over $30 million in cash, positioning it to explore deleveraging opportunities and reduce leverage costs [3].