PLBY reported preliminary, unaudited Q4 2025 results, with revenue expected at USD 34.0 million to USD 35.0 million. Net income is expected at USD 2.5 million to USD 3.5 million, and adjusted EBITDA at USD 6.6 million to USD 7.0 million; excluding litigation expenses, adjusted EBITDA would have been USD 7.5 million to USD 7.9 million. PLBY said Q4 net income included about USD 1.2 million of transaction costs tied to its China licensing joint venture with UTG Brands Management Group and USD 0.9 million in litigation costs. Management highlighted strength in global licensing, the recently announced China JV with UTG, and margin expansion at Honey Birdette alongside reduced promotions. PLBY said it expects to report full Q4 and FY 2025 results in March 2026.
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