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Plby Group, Inc. (PLBY)
:PLBY
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.13Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2021
|% Change Since: 72.22%
|Next Earnings Date:Mar 23, 2021
Earnings Call Sentiment|Positive
The earnings call presented positive developments in strategic investments, debt restructuring, and partnerships, with a strong focus on transitioning to an asset-light model. However, challenges remain with losses in the digital subscription segment and uncertainties regarding unsolicited acquisition bids.Company Guidance
During the PLBY Group's Q3 2024 earnings call, significant financial updates were shared, highlighting efforts to strengthen the company's balance sheet and liquidity. The company secured a strategic investment from Byborg totaling over $22 million, resulting in approximately $30 million of cash on hand. A notable $66 million discount on senior debt was achieved through restructuring, and a new $28 million convertible preferred was issued, leading to a net reduction of $38 million in leverage. The convertible preferred can be exercised at PLBY's option within a stock price range of $1.50 to $4.50. Additionally, a non-binding letter of intent was signed with Byborg for a $300 million minimum guarantee over 15 years, equating to $20 million in annual payments, contingent on certain performance metrics. These strategic moves are intended to transition PLBY to an asset-light model, aiming for meaningful profitability, while the discontinuation of operations like Honey Birdette further aligns with this strategy.Strategic Investment Boost
Closed a strategic investment from Byborg for over $22 million, resulting in approximately $30 million of cash on the balance sheet.
Debt Restructuring Success
Restructured debt with a $66 million discount on senior debt and issued a $28 million convertible preferred, leading to a net reduction of $38 million in leverage.
Byborg Partnership and Minimum Guarantees
Signed a non-binding LOI for a $300 million total minimum guarantee over 15 years, with $20 million annual payments from Byborg for licensing digital properties.
Asset-Light Model Transition
Progress in transitioning to an asset-light model, including discontinuing Honey Birdette operations and focusing on licensing deals.
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PLBY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PLBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.08 | $0.95 | -12.04% |
| Aug 08, 2024 | $0.79 | $0.61 | -22.78% |
| May 09, 2024 | $1.03 | $0.91 | -11.65% |
| Mar 27, 2024 | $0.97 | $1.05 | +8.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Plby Group, Inc. (PLBY) report earnings?
Plby Group, Inc. (PLBY) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Plby Group, Inc. (PLBY) earnings time?
Plby Group, Inc. (PLBY) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLBY EPS forecast?
PLBY EPS forecast for the fiscal quarter 2024 (Q4) is -0.11.
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