Playboy, Inc.

Playboy, Inc. is a pleasure and leisure company that provides consumers globally with products, content, and experiences. The company's flagship brand, Playboy, is available in approximately 180 countries. Playboy, Inc. also owns and operates Honey Birdette, a luxury lingerie brand sold online and in physical stores in Australia, the United States, and the United Kingdom. For the fiscal year ended December 31, 2025, the company reported consolidated revenue of $120.9 million and a consolidated net loss of $12.7 million. This compares to consolidated revenue of $116.1 million and a consolidated net loss of $79.4 million for the fiscal year ended December 31, 2024. The reduction in net loss in 2025 was primarily due to a $19.4 million increase in licensing gross profit from a License & Management Agreement with Byborg Enterprises SA, effective January 1, 2025. Other factors included a $22.0 million decrease in expenses related to the revamp of the digital business and lower non-cash asset impairment charges of $24.0 million, which included $17.0 million related to goodwill and $4.7 million related to internally developed software in 2024 that did not recur in 2025.