Playboy, Inc. (PLBY) Stock in 2025: First Profit, Licensing Pivot and High‑Risk Upside – What Investors Need to Know Now
Playboy, Inc. posted its first quarterly profit since going public and won an $81 million arbitration award, sending shares up over 60% in the past year. The company now relies on a 15-year, $300 million licensing deal with Byborg Enterprises and relaunched its print magazine in 2025. Despite gains, Playboy remains heavily leveraged with negative free cash flow. Market cap stands at about $230 million.