v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedules of Concentration of Risks
The following table represents revenue from our customers exceeding 10% of our total revenue for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
Customer2026202520262025
Customer A(1)
16 %18 %16 %18 %
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(1) Represents minimum guaranteed royalties from licensed digital operations of our Playboy Plus, Playboy TV (online and linear) and Playboy Club digital businesses to Byborg Enterprises SA (“Byborg”) pursuant to a License & Management Agreement (the “LMA”) we entered into with Byborg in the fourth quarter of 2024. Refer to Note 19, Related Party Transactions, within the notes to our audited consolidated financial statements set forth in our Annual Report on Form 10-K, filed with the SEC on March 16, 2026, for details regarding the LMA.
The following table represents receivables from any individual customer of ours exceeding 10% of our total receivables as of June 30, 2026 and December 31, 2025:

CustomerJune 30,
2026
December 31,
2025
Customer B*14%
Customer C16%12%
Customer D *12%
Customer E15%*
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* Indicates receivables for the customer did not exceed 10% of our total receivable balance.