Playboy Reports Third Quarter 2026 Financial Results

Ben Kohn, Chief Executive Officer of Playboy

“Our third quarter results not only showed our revenue growth potential, with revenue growing 9.4%, but also our operating leverage inherent to our asset light model, with operating income increasing to $4.0 million from $1.4 million a year ago, net income rising to $1.9 million from $0.5 million, and adjusted EBITDA of $7.9 million, our seventh consecutive quarter of positive adjusted EBITDA.”

Ben Kohn, Chief Executive Officer of Playboy

“Each of our core businesses contributed to our positive results. Licensing growth accelerated, led by three new licensing agreements in China with a total value of $15.0 million, and the business remains anchored by $324.0 million of contractual minimum guarantees. Honey Birdette grew 12.1% while expanding margins. Our content engine continues to keep Playboy at the center of culture, with Charli XCX on our fall cover following Cara Delevingne in the summer, and our fan-voting franchise continues to build with the 2026 Great Playmate Search now underway.”

Ben Kohn, Chief Executive Officer of Playboy

“We also recently signed a deal to acquire a property in Miami Beach for a new Playboy members club. The new club will be a foundational piece of our hospitality strategy. We continue to pursue our asset-light business model, in which the Playboy brand serves as the foundation for licensing, media and hospitality. While we have committed to using approximately $5.0 million of cash from our balance sheet, we expect to recoup that investment from the sale of memberships in the future.”