Welcome to our dedicated page for Plby Group news (Ticker: PLBY), a resource for investors and traders seeking the latest updates and insights on Plby Group stock.
PLBY Group Inc (NASDAQ: PLBY) operates at the intersection of lifestyle branding and digital innovation, offering investors a unique play in consumer engagement. This news hub provides verified updates on corporate developments, financial disclosures, and strategic initiatives shaping the company’s trajectory.
Access real-time insights through earnings reports, product launches, and partnership announcements alongside analysis of licensing deals and digital subscription growth. Our curated collection serves as a reliable resource for tracking PLBY’s evolving position in lifestyle markets spanning apparel, wellness, and entertainment.
Key updates include regulatory filings, executive leadership changes, and market expansion efforts – all essential for assessing the company’s multi-channel business model. Bookmark this page for streamlined monitoring of PLBY’s direct-to-consumer strategies, intellectual property developments, and content ecosystem innovations.
PLBY Group is set to join the small-cap Russell 2000® Index and the broad-market Russell 3000® Index following the annual reconstitution, starting June 28, 2021. This milestone acknowledges PLBY Group's growth and market presence as reported by FTSE Russell. Membership in these indexes provides visibility to institutional investors and boosts the stock's credibility. CEO Ben Kohn expressed satisfaction with this inclusion, marking a significant achievement in a transformative year for the company.
On June 14, 2021, PLBY Group, Inc. announced the closing of its upsized public offering of 4,720,000 shares at $46.00 per share, raising approximately $203.3 million in net proceeds. All shares were sold by PLBY Group. The funds will be used for future growth initiatives, including acquisitions and general corporate purposes. Officers and affiliates are subject to a 90-day lock-up period. Canaccord Genuity and Stifel were joint book-running managers, with other firms acting as co-managers. The offering was filed under SEC regulations.
PLBY Group, Inc. (NASDAQ: PLBY), the parent of Playboy, announces a four-week series of Playboy-branded gaming tournaments starting June 11, 2021, on Skillz (NYSE: SKLZ). Players can compete in games like Pool Payday, Solitaire Cube, and 21 Blitz for unique Playboy merchandise. This initiative aims to engage Skillz's millions of users while enhancing Playboy's brand presence in gaming. Rachel Webber, Chief Brand Officer at Playboy, expressed excitement for the collaboration, highlighting Skillz's community-driven gaming approach.
PLBY Group announced its upsize and pricing of an underwritten public offering of 4,720,000 shares at $46.00 per share, totaling expected gross proceeds of $217.12 million. The offering, increased from a previous 4 million shares, includes a 30-day option for underwriters to buy an additional 708,000 shares. PLBY Group plans to utilize the net proceeds for future growth, including acquisitions and general corporate purposes. The offering is expected to close on June 14, 2021, subject to customary conditions.
PLBY Group, Inc. (NASDAQ: PLBY) announced a public offering of 4,000,000 shares of its common stock. The company plans to utilize the proceeds for future growth opportunities, including potential acquisitions and general corporate purposes. Additionally, PLBY Group may allow underwriters to purchase up to 600,000 additional shares. The offering is subject to market conditions and has not yet been finalized. Canaccord Genuity and Stifel are leading the offering, with several other firms acting as co-managers.
PLBY Group has successfully completed a $160 million refinancing of its credit facility, maturing in May 2027. The new term loan aims to reduce annual debt service by over $13 million. Key benefits include estimated savings of $3 million in annual interest expenses, and the elimination of over $7 million in excess cash flow sweep payments. The refinancing allows for additional borrowing opportunities to support potential mergers and acquisitions. CFO Lance Barton expressed confidence in the company's position for growth following strong first-quarter results.
PLBY Group reported a 34% year-over-year revenue increase for Q1 2021, reaching $42.7 million, driven by a remarkable 114% growth in direct-to-consumer sales. However, the company faced a net loss of $5.0 million, impacted by rising selling and administrative expenses, including $6.3 million in non-recurring costs linked to a recent business combination. Despite these challenges, the adjusted EBITDA stood at $6.7 million. CEO Ben Kohn expressed optimism about growth potential through merchandising and NFT initiatives, while acknowledging industry-wide supply chain disruptions.
PLBY Group, Inc. (Nasdaq: PLBY) will release its financial results for Q1 2021 on May 12, 2021, after market close. The management will host a conference call at 5:00 p.m. ET on the same day to discuss the results. PLBY Group is recognized for its Playboy brand and operates in categories such as Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming, generating over $3 billion in global consumer spend annually across 180 countries.
PLBY Group has partnered with Nifty Gateway to launch Playboy-themed NFT art collaborations, starting with works by digital artist Slimesunday. This initiative aims to leverage Playboy’s art archive and promote emerging artists in the NFT space. The partnership will also feature a Pride-themed release in June with artist Blake Kathryn. The collaboration emphasizes Playboy's ongoing commitment to artistic expression and diversity, affirming the brand's role in supporting both established and up-and-coming artists while venturing into the blockchain realm.
PLBY Group, Inc. (NASDAQ: PLBY) reported impressive financial results for FY 2020, with revenue rising 89% year-over-year to $148 million, and a 118% increase to $46 million in Q4. Operating income improved by $19.6 million to $13.6 million for the year, while net loss narrowed to $5.3 million. The recent business combination added $100 million to the balance sheet, and the acquisition of Lovers for $25 million enhances PLBY's growth in the sexual wellness sector. For 2021, the company projects revenue to exceed $200 million.
