Playboy (PLBY) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Playboy published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Playboy reports no adjusted EPS. Its non-GAAP measure is adjusted EBITDA. Segment rows are from the revenue disaggregation table in the 10-Q.
• Year-ago diluted EPS was less than one cent, which the release prints as $ -; it is shown here as $0.00.
• On June 18, 2026 Playboy agreed to buy back 16,589,531 of its shares from affiliates of Fortress Investment Group for $17.4 million in four installments through December 31, 2026. The third installment was bought instead by The Million S.a.r.l., an affiliate of Byborg, directly from the sellers.

Source: Playboy Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Playboy splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Playboy's Direct-to-Consumer revenue was $18.4 million in Q3 2026, up 12% from $16.4 million in Q3 2025, 58% of total revenue.
• Playboy's Licensing revenue was $12.6 million in Q3 2026, up 5% from $12.0 million in Q3 2025, 40% of total revenue.
• Playboy's Corporate revenue was $0.5 million in Q3 2026, up 367% from $0.1 million in Q3 2025, 1% of total revenue.
• Playboy's All Other revenue was $0.3 million in Q3 2026, down 51% from $0.5 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net revenues (in millions) and diluted net income (loss) per share, each as first reported in that quarter's release. Q2 2026 and Q3 2025 EPS were less than one cent and are printed in the releases as $ -.

We do not hold a confirmed date for Playboy's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Playboy reported net revenues of $31.7 million for Q3 2026, up 9.4% from $29.0 million. It has two reportable segments. Direct-to-Consumer, which is the Honey Birdette lingerie business with 48 stores in three countries plus e-commerce, brought in $18.4 million. Licensing, which collects royalties for the Playboy trademark on third-party products and digital businesses, brought in $12.6 million. (Playboy Q3 2026 release, Nov 5, 2026; Playboy Form 10-Q, Q3 2026, Nov 5, 2026)

Playboy said Direct-to-Consumer revenue rose 12.1% on full-price sales of Honey Birdette products, particularly U.S. e-commerce and retail in Australia, and its gross margin improved to 62.2% from 60.8%. Licensing revenue rose 5.3%, mainly from $1.2 million of higher royalties in China, where three new licensing agreements carry a combined contract value of about $15.0 million. (Playboy Q3 2026 release, Nov 5, 2026)

Playboy's licensing revenue is concentrated. Byborg Enterprises, which runs the Playboy Plus, Playboy TV and Playboy Club digital businesses under a license and management agreement signed in the fourth quarter of 2024, accounted for 16% of total revenue in the quarter through its minimum guaranteed royalties, against 17% a year earlier. Playboy says the business is anchored by $324.0 million of contractual minimum guarantees. (Playboy Form 10-Q, Q3 2026, Nov 5, 2026; Playboy Q3 2026 release, Nov 5, 2026)

The Playboy by Honey Birdette model search drew about 48,000 contestants and more than 200,000 paying voters, and its revenue passed $1 million, though Playboy recognized only its net profit from the contest under the deal structure. The magazine relaunch continued with issues starring Cara Delevingne and Charli XCX. (Playboy Q3 2026 release, Nov 5, 2026)

Playboy's net income was $1.9 million, or $0.02 per share, against $0.5 million, or less than a cent per share, in Q3 2025. Operating income rose to $4.0 million from $1.4 million, which Playboy attributed to higher gross profit, lower legal expenses and the release of a U.S. sales tax reserve; the 10-Q puts that release at $0.9 million. (Playboy Q3 2026 release, Nov 5, 2026; Playboy Form 10-Q, Q3 2026, Nov 5, 2026)

Playboy reports no adjusted EPS. Adjusted EBITDA was $7.9 million against $4.1 million, its seventh consecutive positive quarter, and excludes $2.2 million of stock-based compensation. Interest expense, net rose to $2.6 million from $1.9 million, and a $202 thousand tax expense compared with a $560 thousand benefit a year earlier. (Playboy Q3 2026 release, Nov 5, 2026)

Diluted weighted average shares were 106,109,353 against 112,540,226. Under its repurchase agreement Playboy bought 4,761,905 shares for $5.0 million in June and August 2026. It ended the quarter with $34.9 million of total cash, including $5.2 million of restricted cash, and long-term debt of $136.1 million plus a current portion of $18.3 million. (Playboy Form 10-Q, Q3 2026, Nov 5, 2026; Playboy Q3 2026 release, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Playboy does not publish a revenue or earnings outlook in its release. Its forward-looking item this quarter is a deal to buy a property in Miami Beach, now the Freehand Hotel, to turn into a private members club with two partners who will also invest; Playboy has committed about $5.0 million of its own cash and expects to recoup it from future membership sales. (Playboy Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Playboy, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Playboy's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PLBY is on is PLBY a buy or a sell?, what analysts expect next is on the PLBY forecast, and what the company does is on the Playboy (PLBY) stock page.

Every number on this page can be traced to a document Playboy published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.