PLBY Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 05:17 pm EDT
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PLBY Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 35.1 million compared to USD 47.88 million a year ago. Net loss was USD 133.88 million compared to USD 8.32 million a year ago. Basic loss per share from continuing operations was USD 1.79 compared to USD 0.17 a year ago.
For the six months, sales was USD 70.3 million compared to USD 94.94 million a year ago. Net loss was USD 171.56 million compared to USD 2.77 million a year ago. Basic loss per share from continuing operations was USD 2.43 compared to USD 0.09 a year ago.
PLBY Group, Inc. is a global pleasure and leisure company. The Company operates through three segments: Direct-to-Consumer, Licensing and Digital Subscriptions and Content. Its Direct-to-Consumer segment operates through its owned-and-operated e-commerce platform, retail stores and sales of its products through third-party retailers. The Licensing segment includes trademark licenses for third-party consumer products, location-based entertainment businesses and online gaming. Its Digital Subscriptions and Content segment comprises the Playboy Club, its creator-led platform on playboy.com, and Playboyâs adult content offerings, including playboyplus.com and playboy.tv. In addition, Playboy TV is offered through multiple-system operators (MSOs) around the globe, including U.S. MSOs DIRECTV, Comcast, Dish, Charter, Cox, Altice, and Mediacom. Its offerings are focused on four areas: sexual wellness, style and apparel, digital entertainment and lifestyle and beauty and grooming.
PLBY GROUP, INC. 
