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/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $28.99 mln | $29.34 mln (3 Analysts) |
Q3 Net Income | $460,000 | ||
Q3 Adjusted EBITDA | Beat | $4.07 mln | $2.19 mln (3 Analysts) |
Q3 Operating Expenses | -$27.63 mln | ||
Q3 Operating Income | $1.37 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 55% above its November 11 closing price of $1.35
Press Release: ID:nGNX8VTs1P
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(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.)