Plby Group Q3 revenue misses estimates
Plby Group's Q3 revenue of $29 million fell short of analyst expectations, while adjusted EBITDA exceeded estimates, indicating improved operational efficiency. The company has extended its senior debt maturity to 2028, enhancing its financial position. Licensing revenue surged 61% year-over-year, driven by digital initiatives. Despite $2.5 million in litigation costs affecting EBITDA, the average analyst rating remains "buy" with a 12-month price target of $3.00, reflecting a potential 55% upside from its recent closing price of $1.35.
)
Overview
- Plby Group Q3 revenue of $29 mln missed analyst expectations
- Adjusted EBITDA for Q3 beats estimates, reflecting improved operational efficiency
- Company extends senior debt maturity to 2028, strengthening financial position
Outlook
- Company focuses on growth in licensing, media, and hospitality
- Plby Group plans to expand global reach with high-margin revenue initiatives
Result Drivers
- LICENSING REVENUE - Co reports 61% year-over-year increase in licensing revenue, driven by digital business and key licensees
- LITIGATION COSTS - Adjusted EBITDA was impacted by $2.5 mln in litigation costs, would have been $6.6 mln without them
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Miss $28.99 $29.34
Revenue mln mln (3
Analysts
)
Q3 Net $460,000
Income
Q3 Beat $4.07 $2.19
Adjusted mln mln (3
EBITDA Analysts
)
Q3 -$27.63
Operatin mln
g
Expenses
Q3 $1.37
Operatin mln
g Income
Analyst Coverage
- The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 2 “strong buy” or “buy”, 1 “hold” and no “sell” or “strong sell”
- The average consensus recommendation for the apparel & accessories retailers peer group is “buy”
- Wall Street’s median 12-month price target for Playboy Inc is $3.00, about 55% above its November 11 closing price of $1.35
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
