Business
PLBY Group Reports First Quarter 2022 Financial Results and Announces 2022 Annual Meeting
First Quarter 2022 Revenue Up 63% Year-Over-Year to $69.4 Million LOS ANGELES, May 10, 2022 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group”
About this update from Playboy, Inc.
[{"type":"text","content":"First Quarter 2022 Revenue Up 63% Year-Over-Year to $69.4 Million\nLOS ANGELES, May 10, 2022 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group” or the “Company”), a leading pleasure and leisure lifestyle company and owner of Playboy, one of the most recognizable and iconic brands in the world, today provided financial results for the first quarter ended March 31, 2022. “Our strong first quarter with 63% year-over-year growth, robust demand for our iconic brand and consumer products, and continued progress on our digital roadmap for Centerfold, are coming together into one cohesive Playboy ecosystem creating a flywheel driving long-term growth,” said PLBY Group’s Chief Executive Officer Ben Kohn. “With Playboy's massive global reach and Centerfold as a valuable engine for organic customer acquisition, we believe we can drive significant growth across PLBY Group's product offerings.” First Quarter 2022 Financial Highlights Revenue grew 63% year-over-year to $69.4 million.Direct-to-consumer revenue grew 125% year-over-year to $49.6 million.Net income was $5.5 million and adjusted EBITDA was $1.2 million. Webcast DetailsThe Company will host a webcast at 5:00 p.m. Eastern Time on May 10, 2022 to discuss first quarter 2022 results. Participants may access the live webcast on the PLBY Group, Inc. Investor Relations website at https://www.plbygroup.com/investors. Annual Meeting DetailsThe Company will hold its 2022 Annual Meeting of Stockholders (the \"Annual Meeting\") virtually, on June 8, 2022, at 1:00 p.m., Eastern Time. Only stockholders of record at the close of business on the record date, May 5, 2022, are entitled to notice of, and to vote at or prior to, the Annual Meeting or any adjournment or postponement of the meeting. Such stockholders will be able to attend the virtual meeting and submit questions during the meeting via live audio webcast by visiting https://www.cstproxy.com/plbygroup/2022. About PLBY Group, Inc.PLBY Group, Inc. (“PLBY Group” or the “Company”) is a global pleasure and leisure company connecting consumers with products, content, and experiences that help them lead more fulfilling lives. Our flagship consumer brand, Playboy, is one of the most recognizable brands in the world, driving billions of dollars annually in global consumer spending with products and content available in approximatel...