PLBY continues to narrow losses on cost-cutting, business reshuffle
PLBY Group said total revenue fell 20% to $28.3 million for the first quarter, hit by two licensees terminations in China and the Playboy e-commerce business no longer being operated by the company. Honey Birdette Direct-to-consumer revenue from continuing operations declined 10% year-over-year to $18.7 million. Revenues from Playboy.com e-commerce declined by $3.5 million, as the company transitioned it from an [...]read morePLBY continues to narrow losses on cost-cutting, business reshuffle
