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Segments
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segments SegmentsWe have three reportable segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The Licensing segment derives revenue from trademark licenses for third-party consumer products and location-based entertainment businesses. The Direct-to-Consumer segment derives revenue from sales of consumer products sold through third-party retailers, online direct-to-customer or brick-and-mortar through our lingerie business, Honey Birdette, with 58 stores in three countries as of June 30, 2023. The TLA and Yandy direct-to-consumer businesses met the criteria for discontinued operations classification as of June 30, 2023 (see Note 3, Assets and Liabilities Held for Sale and Discontinued Operations). Therefore, they were excluded from the table below and classified as discontinued operations in our condensed consolidated statements of operations for all periods presented. The Digital Subscriptions and Content segment derives revenue from the subscription of Playboy programming that is distributed through various channels, including websites and domestic and international television, from sales of tokenized digital art and collectibles, and sales of creator content offerings to consumers on playboy.com.
Our Chief Executive Officer is our Chief Operating Decision Maker (“CODM”). Segment information is presented in the same manner that our CODM reviews the operating results in assessing performance and allocating resources. Total asset information is not included in the tables below as it is not provided to and reviewed by our CODM. The “All Other” line items in the tables below are primarily attributable to revenues and costs related to the fulfillment of magazine subscription obligations in the prior year comparative periods, which do not meet the quantitative threshold for determining reportable segments. We discontinued publishing Playboy magazine in the first quarter of 2020. The “Corporate” line item in the tables below includes certain operating expenses that are not allocated to the reporting segments presented to our CODM. These expenses include legal, human resources, accounting/finance, information technology and facilities. The accounting policies of the reportable segments are the same as those described in Note 1, Basis of Presentation and Summary of Significant Accounting Policies.

The following table sets forth financial information by reportable segment (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Net revenues:
Licensing$10,288 $15,876 $19,982 $30,437 
Direct-to-Consumer19,700 27,068 40,468 54,392 
Digital Subscriptions and Content5,112 4,694 9,850 9,434 
All Other243 678 
Total$35,101 $47,881 $70,304 $94,941 
Operating (loss) income:
Licensing$(68,281)$10,945 $(64,714)$20,704 
Direct-to-Consumer(75,002)(1,231)(90,058)(1,716)
Digital Subscriptions and Content1,002 (6,738)393 (9,842)
Corporate(13,918)(8,783)(29,794)(9,485)
All Other(7)231 (12)603 
Total$(156,206)$(5,576)$(184,185)$264 
Geographic Information
Revenue by geography is based on where the customer is located. The following table sets forth revenue by geographic area (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Net revenues:
United States$14,975 $19,532 $30,634 $38,099 
China7,475 10,927 14,423 21,730 
Australia7,608 10,760 15,136 22,580 
UK2,943 3,072 5,445 6,053 
Other2,100 3,590 4,666 6,479 
Total$35,101 $47,881 $70,304 $94,941