Filing Flows › Playboy (PLBY) › Q3 2025
Playboy (PLBY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Playboy (PLBY) reported revenue of $29.0M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +3% from the quarter before. Operating margin was 4.7%, net earnings $460K (1.6% of revenue).
Playboy, Q3 2025: revenue $29.0M (-2% year over year), operating margin 4.7%, net earnings $460K, operating cash flow $10.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.0M | +3% | -2% |
| Operating profit | $1.4M | — | — |
| Net earnings | $460K | — | — |
| Operating cash flow | $10.1M | — | — |
| Free cash flow | $9.8M | — | — |
What changed
Revenue was $29.0M in Q3 2025, down 2% year over year and up 3% from the previous quarter. Consumer products was the largest line at 57% of revenue. Digital subscriptions and products lost $3.2M year over year (down 84%), 712% of the total change.
Gross margin was 76.0%, up 15.0 points from a year earlier. Operating profit was $1.4M, a 4.7% margin (up 100.7 points year over year). Operating expenses fell 55% while revenue fell 2%. Net earnings were $460K.
Operating cash flow was $10.1M, 2202% of net earnings. Non-cash charges added back $747K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $7.8M. Capital expenditures of $317K left free cash flow of $9.8M.
Questions
What was Playboy's revenue in the third quarter 2025?
Playboy (PLBY) reported revenue of $29.0M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +3% from the quarter before.
Was Playboy profitable in the third quarter 2025?
Operating profit was $1.4M (4.7% of revenue) and net earnings $460K.
Source: Playboy 10-Q on SEC EDGAR.