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 has announced a definitive agreement to acquire Dream, a social content platform, for up to $30 million, primarily in stock. This acquisition will accelerate the launch of CENTERFOLD, a new creator-led service set to debut in Q4 2021. The platform aims to enhance interactions between creators and their fans while expanding commerce opportunities. This move aligns with Playboy's legacy of supporting creative expression and sex positivity. The transaction is expected to close in the fourth quarter of this year.
PLBY Group, Inc. (Nasdaq: PLBY) announced an expansion into India through a partnership with Jay Jay Capital and Investments. The collaboration aims to introduce Playboy hospitality experiences in major cities, starting with a flagship venue, a Playboy beer garden, in Gurgaon by December 2021, followed by a location in Bangalore in February 2022. This initiative targets young Indian consumers seeking elevated and unique experiences, building on Playboy's legacy of premium hospitality offerings worldwide.
PLBY Group reported a 44% year-over-year revenue growth for Q2 2021, totaling $49.9 million. The growth was driven primarily by an 88% increase in direct-to-consumer revenue to $28.0 million and a 12% rise in licensing revenue to $15.4 million. However, the company faced a net loss of $8.9 million, mainly due to $7.9 million in non-recurring expenses linked to the acquisition of Honey Birdette and debt refinancing. The adjusted EBITDA stood at $5.9 million, reflecting ongoing investments in technology and public company expenses.
PLBY Group has successfully completed the acquisition of Honey Birdette, a luxury lingerie brand, for $235 million in cash and 2.16 million shares of PLBY stock. The deal enhances PLBY's direct-to-consumer capabilities, expanding into new territories and product categories. Honey Birdette reported impressive growth, with $71 million in revenue and $17.6 million in net income for the year ending June 30, 2021. Both companies anticipate significant synergy and market potential, focusing on female empowerment and sexual wellness.
PLBY Group, a leader in the pleasure and leisure lifestyle industry and owner of the iconic Playboy brand, announced its participation in the 41st Annual Canaccord Genuity Growth Conference. The event will feature a fireside chat with CEO Ben Kohn and CFO Lance Barton on August 11, 2021, at 8:30 AM ET, moderated by Canaccord Genuity's Austin Moldow. Investors can access the live webcast on the PLBY Group Investor Relations site, with a replay available for one year.
PLBY Group operates in Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming.
Sidoti & Company has initiated coverage on LGL Systems Acquisition Corp. (NASDAQ: DFNS) and Reservoir Media (NASDAQ: RSVR). The research firm set a price target of $15 for DFNS, which is merging with IronNet Cybersecurity, expected in Q3 2021, and $14 for RSVR post its merger with Roth CH Acquisition II Co.. Sidoti aims to provide independent analysis on SPACs and De-SPACs to aid investors in their decision-making. This coverage expands Sidoti’s previous work with PLBY Group (NASDAQ: PLBY), highlighting an ongoing commitment to SPAC research.
PLBY Group, Inc. (Nasdaq: PLBY) plans to announce its second-quarter 2021 financial results on August 10, 2021, post-market close. A conference call will follow at 5:00 p.m. ET, which will be accessible via a live webcast. PLBY Group is a leader in the pleasure and leisure lifestyle sector, with its flagship brand, Playboy, being a globally recognized name. The company operates in various consumer categories, including Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming, tapping into billions in annual consumer spending.
Playboy announces its first collaboration with SuperRare, launching the Miami Beach Art Collection on July 9, 2021. This collection features animated NFTs from artists including Ayla El-Moussa and Jon Noorlander, alongside a heritage photograph from 1970. The art collection will be featured during Decentraland’s Art Week on July 10, highlighting a co-branded gallery experience. Rachel Webber, Playboy's Chief Brand Officer, expressed excitement for the partnership which continues Playboy's artistic legacy. This initiative also emphasizes Playboy's commitment to digital art in the metaverse.
PLBY Group, Inc. (NASDAQ: PLBY) has announced a partnership with Gaming Technologies, Inc. to introduce a new Playboy-branded, real-money Rummy mobile game in India, set to launch in 2021. This move is part of Playboy's strategy to tap into India's growing online gaming market, projected to reach $2.8 billion by 2022, reflecting a compound annual growth rate of 40%. The partnership aims to blend the iconic Playboy brand with the emerging skill-based gaming sector, catering to the young consumer demographic in India.
PLBY Group has announced its acquisition of Honey Birdette, a luxury lingerie brand, for approximately $333 million in cash and stock. This acquisition aims to enhance PLBY Group's brand portfolio and consumer product infrastructure, supporting its growth in sexual wellness. Honey Birdette is anticipated to generate about $73 million in revenue and $28 million in EBITDA for the year ending June 30, 2021, marking 40% and 95% growth, respectively.
