Playboy, Inc. Reports Improved Q3 2025 Earnings

Plby Group, Inc. ( (PLBY) ) has released its Q3 earnings. Here is a breakdown of the information Plby Group, Inc. presented to its investors.

Playboy, Inc., a globally recognized lifestyle brand, is known for its iconic presence in the media and hospitality sectors, offering products, content, and experiences across 180 countries. In its third quarter of 2025, Playboy reported a revenue of $29.0 million and a net income of $0.5 million, marking a significant improvement from the previous year’s net loss. The company’s adjusted EBITDA also saw an increase to $4.1 million, despite incurring $2.5 million in litigation costs. Key highlights include a 61% year-over-year growth in licensing revenue and the successful extension of its senior debt maturity to 2028, which is expected to provide financial stability and support future growth initiatives.

Playboy’s financial performance in Q3 2025 was bolstered by strategic moves such as signing six new licensing deals and restructuring its China partnership. The company reported a slight decrease in direct-to-consumer revenue, attributed to the closure of several stores, but noted an improvement in gross margins and comparable store sales. These results reflect the company’s focus on high-margin, asset-light business models and its efforts to stabilize and grow its operations.

Looking ahead, Playboy aims to capitalize on its strong brand presence by focusing on three high-potential verticals: licensing, media and experiences, and hospitality. The company is optimistic about the opportunities these areas present, as evidenced by initiatives like The Great Playmate Search and the planned Miami Beach membership club. With a healthier balance sheet and a clear strategy, Playboy is poised to reignite growth and expand its global reach.