Playboy Q4 Revenues Rise to $34-35M, Net Income of $2.5-3.5M
Playboy expects Q4 2025 revenues of $34–35 million, versus $33.5 million in Q4 2024, driven by its global licensing business and a new China joint venture with UTG. The company forecasts net income of $2.5–3.5 million (compared with a $12.5 million loss) and adjusted EBITDA of $6.6–7.0 million.
1. Preliminary Fourth Quarter Financial Results
For the quarter ended December 31, 2025, Playboy projects revenues between $34.0 million and $35.0 million, up from $33.5 million in Q4 2024. Net income is estimated at $2.5 million to $3.5 million, reversing a $12.5 million loss last year, and adjusted EBITDA is expected to reach $6.6 million to $7.0 million compared to a $0.1 million loss in the prior-year period.
2. Strategic Growth Drivers
Revenue growth reflects continued strength in Playboy’s licensing model and the recently announced joint venture with UTG Brands Management Group to expand in China. The swing to profitability and higher EBITDA stems from disciplined cost management, reduced interest expense from deleveraging and the asset-light strategy across licensing, digital content and consumer products.
3. Forecast and Reporting Timeline
Playboy will release full fourth quarter and full year 2025 audited results in March 2026, with details on the earnings release date and conference call to follow. Actual results could vary from these preliminary estimates after year-end closing, audit committee reviews and independent accountant procedures.