Playboy Parent Shares Pop Post Q1 Results

• PLBY Group Inc (NASDAQ:PLBY) reported first-quarter FY21 sales growth of 63% year-on-year to $69.38 million, beating the consensus of $68.53 million.
• Direct-to-consumer revenue grew 125% Y/Y to $49.6 million.
• The operating margin was 9.9%, and operating income for the quarter was $6.9 million versus a loss of $(4.5) million last year.
• Adjusted EBITDA fell 82% to $1.2 million.
• EPS of $0.12 was a turnaround from a $(0.17) loss last year.
• "With Playboy's massive global reach and Centerfold as a valuable engine for organic customer acquisition, we believe we can drive significant growth across PLBY Group's product offerings," said CEO Ben Kohn.
• Price Action: PLBY shares are trading higher by 10% at $8.25 in premarket on the last check Wednesday.
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