GlobeNewswire·Nov 12, 2025, 4:08 PM ET

Playboy Reports Third Quarter 2025 Financial Results

Playboy, Inc. reported Q3 2025 total revenue of $29.0 million, a slight decrease from $29.4 million in Q3 2024.
Net income for Q3 2025 was $0.5 million, a significant improvement from a $33.8 million net loss in the prior year period.
Adjusted EBITDA reached $4.1 million, an improvement of $4.7 million compared to a $0.6 million loss in Q3 2024.
Licensing revenue increased 61% year-over-year to $12.0 million, driven by $5.0 million in guaranteed royalties from the digital business.
Direct-to-consumer revenue was $16.4 million, down 1% from the prior year, with Honey Birdette gross margins rising to 61%.
The company extended its senior debt maturity to May 2028, securing interest rate reductions based on prepayments.
Q3 2025 results included $2.5 million in litigation costs, which would have raised adjusted EBITDA to $6.6 million if excluded.
The company ended the quarter with over $32 million in cash on its balance sheet.
Playboy signed six new licensing deals in Q3, bringing the total new deals for 2025 to 14.
Comparable store sales increased 22% while full-price sales rose 15% in the direct-to-consumer segment.
The company's strategy focuses on three verticals: licensing, media, experiences, hospitality.
The company hosted a webcast at 5 p.m. Eastern Time to discuss the financial results with investors.