Plby Group Q3 revenue misses estimates
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Plby Group's Q3 revenue of $29 million fell short of analyst expectations, while adjusted EBITDA exceeded estimates, indicating improved operational efficiency. The company has extended its senior debt maturity to 2028, enhancing its financial position. Licensing revenue surged 61% year-over-year, driven by digital initiatives. Despite $2.5 million in litigation costs affecting EBITDA, the average analyst rating remains "buy" with a 12-month price target of $3.00, reflecting a potential 55% upside from its recent closing price of $1.35.
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