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GlobeNewswire·

Playboy Reports Preliminary Fourth Quarter 2025 Financial Results

  • Playboy, Inc. expects Q4 2025 revenues to range between $34.0 million and $35.0 million, up from $33.5 million in Q4 2024.
  • The company anticipates preliminary net income of $2.5 million to $3.5 million for Q4 2025, a significant turnaround from a $12.5 million net loss in the prior year period.
  • Preliminary adjusted EBITDA for Q4 2025 is projected to be between $6.6 million and $7.0 million, compared to a $0.1 million loss in Q4 2024.
  • Excluding litigation expenses, adjusted EBITDA would have ranged between $7.5 million and $7.9 million for the quarter.
  • Revenue growth is attributed to the global licensing business, which will be supported by a new joint venture with UTG Brands Management Group in China.
  • Net income includes approximately $1.2 million in transaction costs related to the China licensing joint venture & $0.9 million in litigation costs.
  • Improved profitability reflects operational efficiency, disciplined cost management, & reduced interest expense from ongoing deleveraging efforts.
  • CEO Ben Kohn highlighted strong performance in the licensing business & growth at the Honey Birdette subsidiary despite reduced promotions.
  • Complete financial results for the fourth quarter & full year 2025 are expected to be reported in March 2026.
  • Actual operating results remain subject to adjustments during the year-end closing process, audit committee review, & independent accountant procedures.
  • The company employs an asset-light strategy across licensing, digital content, consumer products, & experiential offerings.