Playboy Targets $108M Gross Debt by 2028, Buys Back 16.6M Shares at $1.05

PLBY reports Q2 2026 revenue of $31.2 million and adjusted EBITDA of $7 million as debt strategy takes shape. Playboy plans to reach $108 million in gross debt by January 2028 while repurchasing 16.6 million shares at $1.05 each. The company cited Q2 2026 revenue of $31.2

PLBY reports Q2 2026 revenue of $31.2 million and adjusted EBITDA of $7 million as debt strategy takes shape.

Playboy plans to reach $108 million in gross debt by January 2028 while repurchasing 16.6 million shares at $1.05 each. The company cited Q2 2026 revenue of $31.2 million and adjusted EBITDA of $7 million as evidence of its turnaround strategy.

Management highlighted a swing to positive operating income of roughly $3, marking a shift from prior losses. The share buyback and debt target follow a period of restructuring aimed at stabilizing financials.

No immediate market reaction was disclosed, though the moves signal confidence in sustained profitability.

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