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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $28.15 $26.80

Revenue mln mln (3

Analysts

)

Q2 Net -$7.68

Income mln

Q2 Beat $3.47 $1.33

Adjusted mln mln (3

EBITDA Analysts

)

Q2 Basic -$0.08

EPS

Q2 -$34.03

Operatin mln

g

Expenses

Q2 -$5.88

Operatin mln

g Income

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 ( PLBY ) is $3.00, about 45.7% above its August 11 closing price of $1.63

Press Release:

(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.)