Playboy (PLBY) reported a Q1 net loss late Monday of $0.03 per diluted share, narrowing from a loss of $0.10 a year earlier.

Three analysts polled by FactSet expected earnings of $0.01.

Revenue for the quarter ended March 31 was $30.2 million, up from $28.9 million a year earlier.

Three analysts surveyed by FactSet expected $30.7 million.

Shares of Playboy fell 3.5% in after-hours activity.