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TM PLBY GROUP " PLBY Group Reports Second Quarter 2021 Financial Results August 10 , 2021 Second Quarter 2021 Revenue Grew 44 % Year - Over - Year to $ 49.9 Million LOS ANGELES , Aug. 10 , 2021 ( 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 provided financial results for the second quarter ended June 30 , 2021 . Ben Kohn , Chief Executive Officer of PLBY Group , stated , " We are pleased to report another successful quarter that demonstrates the powerful combination of our growing direct - to - consumer business , an optimized licensing operation and scalable digital offerings . On the direct - to - consumer side , we saw great traction on Playboy.com with expanded merchandise offerings and strategic influencer marketing . In addition , the second quarter marked continued strong performance in our licensing business and our entry into blockchain - powered offerings with our first NFT collection . " Mr. Kohn continued , " We are also very excited by our acquisition of Honey Birdette , the fast - growing , luxury lingerie and lifestyle brand . We are eager to integrate Honey Birdette's operations into our direct - to - consumer infrastructure and to help accelerate the high - end brand's growth in new regions . The Honey Birdette team brings immense experience in product design , sourcing and direct - to - consumer strategies that will contribute to our work building the leading global pleasure and leisure lifestyle platform . " Second Quarter 2021 Financial Highlights • Revenue grew 44 % year - over - year , to $ 49.9 million , driven by growth in both direct - to - consumer and licensing revenues . • Direct - to - consumer revenue grew 88 % year - over - year , to $ 28.0 million , and licensing revenue grew 12 % year - over - year , to $ 15.4 million . • Net loss was $ 8.9 million , largely driven by $ 7.9 million of non - recurring expenses related to the acquisition of Honey Birdette , refinancing of debt , and amortization of a one - time non - cash inventory valuation step - up as part of the purchase accounting resulting from the acquisition of Lovers in March 2021 . • Adjusted EBITDA was $ 5.9 million and was impacted by a full quarter of public company expenses , in addition to technology investments being made to provide a superior and unified direct - to - consumer experience . Webcast Details The Company will host a webcast at 5:00 p.m. Eastern Time today to discuss the second quarter 2021 financial results . Participants may access the live webcast on the events section of the PLBY Group , Inc. Investor Relations website at https://www.plbygroup.com/investors/events and - presentations . About PLBY Group , Inc. PLBY Group connects consumers around the world with products , services , and experiences to help them look good , feel good , and have fun . PLBY Group serves consumers in four major categories : Sexual Wellness , Style & Apparel , Gaming & Lifestyle , and Beauty & Grooming . PLBY Group's flagship consumer brand , Playboy , is one of the most recognizable , iconic brands in the world , driving billions of dollars in consumer spending annually across approximately 180 countries . Learn more at http://www.plbygroup.com . Forward - Looking Statements This press release includes " forward - looking statements " within the meaning of the " safe harbor " provisions of the United States Private Securities Litigation Reform Act of 1995. The Company's actual results may differ from their expectations , estimates , and projections and , consequently , you should not rely on these forward - looking statements as predictions of future events . Words such as " expect , " " estimate , " " project , " " budget , " " forecast , " " anticipate , " " intend , " " plan , " " may , " " will , " " could , " " should , " " believes , " " predicts , " " potential , " " continue , " and similar expressions ( or the negative versions of such words or expressions ) are intended to identify such forward - looking statements . These forward - looking statements include , without limitation , the Company's expectations with respect to future performance , growth plans and anticipated financial impacts of its acquisitions . These forward - looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward - looking statements . Factors that may cause such differences include , but are not limited to : ( 1 ) the impact of the COVID - 19 pandemic on the Company's business and acquisitions ; ( 2 ) the inability to maintain the listing of the Company's shares of common stock on Nasdaq ; ( 3 ) the risk that the business combination , recent acquisitions or any proposed transactions disrupt the Company's current plans and / or operations , including the risk that the Company does not complete any such proposed transactions or achieve the expected benefits from them ; ( 4 ) the ability to recognize the anticipated benefits of the business combination , acquisitions , commercial collaborations , commercialization of digital assets and proposed transactions , which may be affected by , among other things , competition , the ability of the Company to grow and manage growth profitably , and retain its key employees ; ( 5 ) costs related to being a public company , acquisitions , commercial collaborations and proposed transactions ; ( 6 ) changes in applicable laws or regulations ; ( 7 ) the possibility that the Company may be adversely affected by other economic , business , and / or competitive factors ; ( 8 ) risks relating to the uncertainty of the projected financial information of the Company ; ( 9 ) risks related to the organic and inorganic growth of the Company's business and the timing of expected business milestones ; and ( 10 ) other risks and uncertainties indicated from time to time in the Company's annual report on Form 10 - K , including those under " Risk Factors " therein , and in the Company's other filings with the Securities and Exchange Commission . The Company cautions that the foregoing list of factors is not exclusive , and readers should not place undue reliance upon any forward - looking statements , which speak only as of the date which they were made . The Company does not undertake any obligation to update or revise any forward - looking statements to reflect any change in its expectations or any change in events , conditions , or circumstances on which any such statement is based .