PLBY Group Inc (PLBY)

[StockLogistics]

YoY revenue 63 million OS 45 million, with a billion dollar net loss rate how has this company maintained this price level?

“4:30p ET 11/9/2022 - Globe Newswire
PLBY Group Reports Third Quarter 2022 Financial Results

GlobeNewswireNovember 09, 2022
Third Quarter 2022 Revenue Up 9% Year-Over-Year to $63.6 Million


LOS ANGELES, Nov. 09, 2022 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) ("PLBY Group" or the "Company"), a leading pleasure and leisure lifestyle company and owner of Playboy, one of the most recognizable and iconic brands in the world, today provided financial results for the third quarter ended September 30, 2022.

"Although our short-term results continued to be impacted by global macroeconomic headwinds, we made solid progress in the third quarter against our long-term goals to build out our consumer products business and enhance the Playboy creator platform," said PLBY Group's Chief Executive Officer Ben Kohn. "We remain hyper focused on these goals, and I believe we have the right strategy and management team in place to successfully execute our vision for the future of the Company."

Third Quarter 2022 Financial Highlights

Revenue grew 9% year-over-year, to $63.6 million. On a constant currency basis, revenue would have been $64.8 million, with year-over-year growth of 11%.
Direct-to-consumer revenue grew 22% year-over-year, to $44.0 million, driven by the continued strong growth of Honey Birdette and Playboy e-commerce.
Net loss was $264.7 million and adjusted EBITDA was $0.8 million, largely driven by non-cash asset impairment charges related to the write-down of goodwill, trademarks and other assets of $301.9 million.”