Playboy reports Q4 preliminary revenue $34M-$35M, consensus $33.52M

Ben Kohn, Chief Executive Officer of Playboy (PLBY), commented: “Our preliminary fourth quarter results demonstrate the significant progress we have made executing our strategic transformation. We delivered revenue growth, meaningful strides towards sustainable profitability, and a substantial improvement in adjusted EBITDA as compared to the prior year period. These results reflect the strength of our licensing business, which will be further supported by our partnership with UTG in China, and our disciplined approach to managing costs across the organization. Further, we are growing sales and expanding margins at our Honey Birdette subsidiary despite reducing our promotions.”