PLBY Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 11, 2023 at 02:17 am IST
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PLBY Group, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 51.44 million compared to USD 69.38 million a year ago. Net loss was USD 37.68 million compared to net income of USD 5.54 million a year ago.
Basic loss per share from continuing operations was USD 0.58 compared to basic earnings per share from continuing operations of USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.58 compared to diluted earnings per share from continuing operations of USD 0.12 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.