Playboy to repurchase 16.6M shares at 28% discount, boosting earnings per share immediately.

Playboy, Inc. announced a definitive agreement to buy back approximately 16.6 million shares from Fortress Investment Group at $1.05 per share, representing nearly 15% of its outstanding shares and a 28% discount to market value. The $17.4 million transaction will be paid in installments through the end of 2026, funded by cash and backstopped by major shareholders. This buyback is expected to immediately increase earnings per share and reflects confidence in Playboy's improving operations and growth plans. The deal also provides Fortress a clean exit without impacting Playboy's business or stock market listing.