Plby Group Inc - PLBY STOCK NEWS

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.

PLBY Group continues to expand its global brand presence through strategic licensing deals and collaborations in 2022. Notable partnerships include collections with Drake’s OVO, John Richmond, and X-Girl, aimed at engaging broader audiences. The company is set to launch a retail experience at Showfields Miami this June, showcasing best-selling apparel and new products. Additionally, Connie Chang has been appointed to enhance brand licensing efforts. Playboy received nominations at the Brands and Lifestyle Awards for its collaborations.

PLBY Group, Inc. (Nasdaq: PLBY) will announce its Q1 2022 financial results on May 10, 2022, after market close. A management conference call is scheduled for the same day at 5:00 p.m. ET to discuss the results. PLBY Group operates Playboy, a globally recognized brand that generates substantial consumer spending across approximately 180 countries. The company focuses on enhancing consumer experiences and promoting a culture centered around pleasure.

PLBY Group announced the appointment of Juliana Hill to its Board of Directors, where she will also chair the Audit Committee. Hill brings nearly 20 years of corporate finance experience from her time with Clear Channel, now iHeartMedia. CEO Ben Kohn expressed optimism about Hill's contributions during a pivotal time for the company, which is known for its iconic Playboy brand. Hill, a certified public accountant, has a strong background in financial advisory and corporate development.

PLBY Group, a prominent lifestyle company and owner of Playboy, will participate in the 34th Annual ROTH Conference on March 14, 2022. CEO Ben Kohn will join a fireside chat with Roth Managing Director George Kelly at 4:00 p.m. PT. Investors can access a live webcast through the PLBY Group Investor Relations site, with a replay available for a year. PLBY Group aims to connect consumers with products and experiences that promote happiness and fulfillment, leveraging the iconic Playboy brand, which drives significant global consumer spending.

PLBY Group reported a 67% increase in fiscal year 2021 revenue, reaching $247 million, primarily due to a 131% rise in direct-to-consumer revenue. The fourth quarter demonstrated even stronger growth, with a 107% year-over-year revenue increase to $95.7 million and a 162% surge in direct-to-consumer revenue to $62.1 million. Despite these gains, the company faced a net loss of $79.7 million for FY21, influenced by stock-based compensation and acquisition costs. Adjusted EBITDA stood at $31.7 million, indicating operational potential amid ongoing transitions.