Overview
* Plby Group Q3 revenue of $29 mln missed analyst expectations
* Adjusted EBITDA for Q3 beats estimates, reflecting improved operational efficiency
* Company extends senior debt maturity to 2028, strengthening financial position
Outlook
* Company focuses on growth in licensing, media, and hospitality
* Plby Group plans to expand global reach with high-margin revenue initiatives
Result Drivers
* LICENSING REVENUE - Co reports 61% year-over-year increase in licensing revenue, driven by digital business and key licensees
* LITIGATION COSTS - Adjusted EBITDA was impacted by $2.5 mln in litigation costs, would have been $6.6 mln without them
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Miss $28.99 $29.34
Revenue mln mln (3
Analysts
)
Q3 Net $460,000
Income
Q3 Beat $4.07 $2.19
Adjusted mln mln (3
EBITDA Analysts
)
Q3 -$27.63
Operatin mln
g
Expenses
Q3 $1.37
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 55% above its November 11 closing price of $1.35
Press Release:
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(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.)