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. (symbol: PLBY) is a globally recognized company that connects consumers with a diverse range of products, services, and experiences designed to enhance their lifestyle. Operating in four main categories—Style and Apparel, Digital Entertainment and Lifestyle, Sexual Wellness, and Beauty and Grooming—PLBY Group leverages its iconic brand to drive revenue across multiple segments.
PLBY Group's business model is structured into three key segments: Direct-to-Consumer, Licensing, and Digital Subscriptions and Content. The company's Direct-to-Consumer segment offers products directly to customers via online platforms and retail stores, focusing on high-quality apparel and personal care items. The Licensing segment involves partnerships with other brands to extend the reach and visibility of PLBY’s diverse product lines globally. Additionally, the Digital Subscriptions and Content segment provides exclusive content and lifestyle experiences, catering to a broad spectrum of consumer interests.
In recent news, PLBY Group has made significant strides, ending the third quarter with approximately $22.0 million in restricted and unrestricted cash. This financial stability has allowed the company to focus on executing key goals and shifting towards initiatives aimed at driving profitable growth. CEO Ben Kohn has highlighted improved performance and strategic moves, such as the revitalization of the Playboy brand in China through a major joint venture, showcasing the company's commitment to reinvigorating its global presence.
PLBY Group remains dedicated to helping consumers look good, feel good, and have fun. With ongoing projects and strategic partnerships, the company continues to innovate and adapt to the evolving market trends, ensuring sustained growth and customer satisfaction. For more information or media inquiries, contact press@plbygroup.com.
PLBY Group announced its Q2 2022 financial results, reporting a 31% revenue growth year-over-year to $65.4 million. Direct-to-consumer sales surged 59% to $44.6 million, while licensing revenue remained stable at $15.9 million. Despite these gains, the company faced challenges with an net loss of $8.3 million and an adjusted EBITDA loss of $2.6 million. CEO Ben Kohn emphasized the importance of reducing non-core costs and focusing on long-term strategies amid a challenging macroenvironment.
PLBY Group (Nasdaq: PLBY), a renowned pleasure and leisure lifestyle company, announced its participation in the Canaccord Genuity 42nd Annual Growth Conference.
Chief Financial Officer Lance Barton will engage in a fireside chat on August 11, 2022, at 11:00 AM ET. A live webcast will be accessible on the PLBY Group Investor Relations site, and a replay will be available for one year.
PLBY Group aims to connect consumers worldwide with products and experiences that enhance their lives, with Playboy as its flagship brand.
PLBY Group, Inc. (Nasdaq: PLBY) will announce its second-quarter financial results for fiscal 2022 on August 9, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results. As a notable lifestyle brand, Playboy engages consumers globally with products and content across around 180 countries. The company aims to foster a culture where pleasure is a fundamental right, backed by decades of media and hospitality experience.
PLBY Group, a leading lifestyle company known for its iconic Playboy brand, announced its participation in several investor conferences scheduled for early June 2022. The events include the Craig Hallum 19th Annual Institutional Investor Conference and the Cowen 50th Annual Technology, Media & Telecom Conference, among others. These meetings aim to connect management with investors and explore opportunities. For the latest investor materials, visit the Company’s Investor Relations website.
On May 17, 2022, PLBY Group, Inc. (NASDAQ: PLBY) announced a $50 million common stock repurchase program, backed by private placement financing. This strategic move is intended to enhance shareholder value and reflects the company's confidence in its revamped Playboy brand and long-term growth objectives. CEO Ben Kohn emphasized the potential for sustainable value creation through this initiative. The repurchase program is flexible and can be adjusted or halted at any time, ensuring adaptability to market conditions.
PLBY Group, a leading pleasure and leisure lifestyle company known for the Playboy brand, will participate in the 17th Annual Needham Technology & Media Conference on May 17, 2022. CEO Ben Kohn is scheduled to present at 9:30 AM ET. Investors can access a live webcast of the presentation on the PLBY Group Investor Relations site, with a replay available online for one year. PLBY Group connects consumers with products and experiences aimed at enhancing their lives, promoting a culture of pleasure and equality established over nearly seven decades.
PLBY Group, owner of the iconic Playboy brand, reported a remarkable 63% year-over-year revenue growth for Q1 2022, totaling $69.4 million. Direct-to-consumer sales surged 125% year-over-year, reaching $49.6 million. The company achieved a net income of $5.5 million and an adjusted EBITDA of $1.2 million.
CEO Ben Kohn highlighted the strong demand for Playboy products and the success of the digital platform, Centerfold, indicating a cohesive growth strategy aimed at leveraging Playboy's global presence.
PLBY Group announced a partnership with model and entrepreneur Amber Rose, who will join the CENTERFOLD platform as a founding creator. This new digital platform enables creators to connect directly with fans while allowing for personal content and commerce opportunities. Subscribers to Rose's CENTERFOLD page will receive exclusive behind-the-scenes content. The partnership underscores Playboy's commitment to fostering artistic expression and community engagement in a positive environment.
PLBY Group partnered with The Standard Hotel and multi-platinum artist Cardi B to host The Boom Boom After Party on May 2, 2022, in celebration of the Met Gala 2022 theme, 'In America: An Anthology of Fashion.' The event showcased the iconic Playboy Bunny costume, emphasizing its cultural significance and historical roots. Cardi B, as Playboy’s first Creative Director in Residence, will share exclusive content from the event on her new creator-led platform, CENTERFOLD.
PLBY Group hosted a star-studded after-party for the Met Gala 2022 on May 2 at The Standard’s Boom Boom Room, co-hosted by multi-platinum artist Cardi B. The event celebrated creativity and fashion, featuring dancers in Playboy Bunny costumes, a design recognized for its cultural significance. Cardi B, who recently became Playboy’s first Creative Director in Residence, will share exclusive content from the event on her Centerfold platform. CEO Ben Kohn emphasized the impact of fashion on culture, honoring the Bunny costume’s historical relevance during the sexual revolution.
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