Salil Sanjiv and James Heaney's questions to Plby Group Inc (PLBY) leadership • Q1 2025
Question
The team from Jefferies asked for details on the primary drivers of the significant year-over-year growth in the licensing business during the quarter.
Answer
CEO Ben Kohn explained that licensing revenue grew 175% year-over-year, or over 50% excluding the new Byborg deal. The two main drivers were the new Byborg agreement, which contributes $5 million per quarter, and the continued year-over-year recovery of the China licensing business. Kohn also highlighted a strong pipeline for new deals in gaming and content licensing expected to contribute in the second half of the year.