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Stock impact report

PLBY Group Reports First Quarter 2024 Financial Results [Yahoo! Finance]

PLBY Group, Inc. (PLBY) 
Company Research Source: Yahoo! Finance
LOS ANGELES, May 09, 2024 (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 announced results for the quarter ended March 31, 2024. Operational Highlights Multiple new multi-year brand licensing agreements re-position China as a platform for growth Second consecutive quarter of growth at Honey Birdette, while expanding gross margins and profitability Increasing focus and attention on the Playboy brand and scaling the creator platform Substantial reduction in overhead enables significant narrowing of net losses and Adjusted EBITDA losses Comments from Ben Kohn, Chief Executive Officer of PLBY Group “Over the past several months, we have stabilized our core business as we have executed on the key goals from 2023, and we can now shift our focus to accelerating growth in our areas of strategic priority. Show less Read more
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