Positive EBITDA Achievement
Q1 2025 marked the first positive EBITDA quarter since 2023, with an adjusted EBITDA of $2.4 million. This was further improved by $1 million in cost reductions at the end of the quarter, potentially making it $3.4 million.
Significant Licensing Revenue Increase
Licensing revenue was up 175% year-over-year, driven primarily by the Byborg deal and rebuilding the China licensing business.
Honey Birdette Sales Growth
Honey Birdette is ahead of plan in Q2 and is expected to face easy comparables, indicating positive sales growth.
Successful Magazine Launch
The magazine sold out online and had an impressive sell-through at Barnes & Noble, leading to plans for additional issues.