Plby Group Q3 revenue misses estimates

Reuters
Nov 13
Plby Group Q3 revenue misses estimates

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

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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.)

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