Playboy (PLBY)
NASDAQ:PLBY
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a clear and tangible improvement in profitability and balance sheet progress—four consecutive quarters of positive Adjusted EBITDA, a return to net income, and a $58 million year-over-year debt reduction—alongside strong, margin-accretive licensing and notable operational improvements at Honey Birdette (higher full-price sales, margin expansion, and loyalty growth). Management also announced strategic leadership hires, a digital and magazine relaunch, and an accretive China licensing partnership (UTG) that, once closed, would further accelerate deleveraging. Key risks and watch items include modest overall revenue growth (~4.2% YoY), remaining leverage (~$160M), dependence on licensing concentration, certain one-time transaction/marketing/litigation costs, and the fact the UTG transaction had not yet closed at the time of the call. On balance, the positive operational and financial momentum outweighs the identified risks.Company Guidance
Sustained Profitability (Adjusted EBITDA)
Adjusted EBITDA of $7.1 million in Q4, representing the company's fourth consecutive quarter of positive Adjusted EBITDA (compared to an Adjusted EBITDA loss of $0.1 million in 2024). Excluding litigation expenses, Q4 Adjusted EBITDA would have been $8.0 million.
Revenue Growth
Total revenue increased to $34.9 million from $33.5 million in 2024, an increase of $1.4 million, or approximately 4.2% year-over-year, driven by strength in global licensing and Honey Birdette.
Return to Net Income
Net income improved to $3.6 million ($0.03 per share) in 2025 versus a net loss of $12.5 million ($0.15 per share) in 2024, marking a meaningful profitability turnaround.
Material Debt Reduction and Deleveraging Pathway
Senior debt reduced by nearly $58 million year-over-year to approximately $160 million. The UTG China transaction is expected to provide $122 million in contracted cash (including $67 million in guaranteed minimum distributions), with almost $52 million earmarked for further debt reduction and anticipated immediate accretion to earnings.
Strong Licensing Performance
Licensing revenue exceeded $46 million in FY2025, representing over 38% of total revenue with an approximate 90% gross margin. 90% of licensing revenue was contractually guaranteed, and the company reports over $343 million in unrecognized future licensing revenue.
Honey Birdette Operational and Margin Improvement
Honey Birdette Q4 sales grew 9% year-over-year (reported) with full-price sales up 21%. Gross product margin expanded to 77.8% (up 140 basis points). Retail was up 17% like-for-like (UK +36%, USA +21%), digital grew 7% (US +16%), average order value rose 7%, and the newly launched Honey Club loyalty program reached ~80,000 members.
Cost Management and Operating Expense Reduction
Operating expenses excluding impairments decreased to $32.2 million from $37.9 million in 2024, driven primarily by a 15% reduction in selling and administrative expenses as the company shifts toward a licensing model for parts of the business.
Strategic Investments and Leadership Hires
Two senior hires (David Miller as President, Media and Brand; Philip Picardi as Chief Brand Officer and Editor in Chief) were made to execute on content, media, licensing alignment and brand relaunch initiatives. The company is rebuilding its website and launching a subscription/membership model, and magazine relaunch momentum includes a cover star with over 70 million Instagram followers.
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
PLBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $1.77 | $1.75 | -1.13% |
Nov 12, 2025 | $1.36 | $1.66 | +22.06% |
Aug 12, 2025 | $1.65 | $1.82 | +10.30% |
May 15, 2025 | $1.17 | $1.55 | +32.48% |
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.
FAQ
When does Playboy (PLBY) report earnings?
Playboy (PLBY) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Playboy (PLBY) earnings time?
Playboy (PLBY) earnings time is at May 13, 2026, After Close (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 2026 (Q1) is <0.01.