Playboy, Inc. (PLBY) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.295 Good afternoon, ladies and gentlemen. Thank you for standing by. 00:00:03.295 -- 00:00:08.341 Welcome to Playboy's fourth quarter and full year 2025 earnings conference call. 00:00:08.341 -- 00:00:12.105 During today's presentation, all parties will be in a listen-only mode. 00:00:12.105 -- 00:00:15.649 Following the presentation, the conference will be open for questions. 00:00:15.649 -- 00:00:19.894 This conference is being recorded today, Monday, March 16, 2026, 00:00:19.894 -- 00:00:23.819 and the earnings press release accompanying this conference call was issued after the 00:00:23.819 -- 00:00:28.987 market closed today. On our call today is Playboy's Chief Executive Officer, Ben 00:00:28.987 -- 00:00:34.095 Cohn, and his Chief Financial Officer and Chief Operating Officer, Mark Crossman. 00:00:34.095 -- 00:00:38.361 I'd like to remind you that the information discussed today is qualified in its entirety 00:00:38.361 -- 00:00:44.370 by the Form 8K and Form 10K filed today by Playboy, Inc., which may be accessed 00:00:44.370 -- 00:00:48.355 on the SEC's website and on Playboy's website. 00:00:48.355 -- 00:00:52.782 Please note that statements made during this call, including financial projections and 00:00:52.782 -- 00:00:57.526 other statements that are not historical in nature, may constitute forelooking statements. 00:00:57.526 -- 00:01:02.253 Such statements are made on the basis of Playboy's views and assumptions regarding future 00:01:02.253 -- 00:01:06.820 events and business performance at the time they are made, and we do not undertake any 00:01:06.820 -- 00:01:11.307 obligation to update them. Forelooking statements are subject to risks which could cause 00:01:11.307 -- 00:01:16.034 the company's actual results to di...