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PLBY — Playboy News Story

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Brief: Plby Group Q2 Revenue USD 28.148 Million

Overview

Plby Group Q2 revenue rises 13% yr/yr, beating analyst expectations, per LSEG data

Adjusted EBITDA for Q2 beats consensus, reflecting improved operational performance

Outlook

Company plans to deleverage balance sheet amid improving credit markets

Company highlights strong licensing pipeline in gaming and beauty

Playboy plans hospitality venue in Miami Beach

Result Drivers

LICENSING REVENUE - Licensing revenue more than doubled due to new partners and renegotiated agreements

HONEY BIRDETTE - Honey Birdette's revenue grew 14%, with improved same-store sales and margins

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$28.15 mln$26.80 mln (3 Analysts)
Q2 Net Income-$7.68 mln
Q2 Adjusted EBITDABeat$3.47 mln$1.33 mln (3 Analysts)
Q2 Basic EPS-$0.08
Q2 Operating Expenses-$34.03 mln
Q2 Operating Income-$5.88 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the apparel & accessories retailers peer group is "buy" Wall Street's median 12-month price target for Playboy Inc is $3.00, about 45.7% above its August 11 closing price of $1.63 Press Release: ID:nGNX92YNdt (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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