Kartoon Studios Achieves Second Consecutive Quarter of Sequential Revenue Growth and 57% Year-Over-Year Reduction in Direct Operating Costs for Q3 2024
Kartoon Studios, Inc. (TOON)
Company Research
Source: GlobeNewswire
80% YEAR-OVER-YEAR REDUCTION IN LOSSES; COMPANY POISED FOR CONTINUED REVENUE GROWTH AND REACHING SUSTAINED PROFITABILITY IN 2025 WITH REBOUND IN ANIMATION PRODUCTION PIPELINE AND CONTINUING PROFIT IN CHILDREN’S CHANNEL SYSTEM LARGEST REVENUE UNIT, MAINFRAME, SURGING WITH 145 EPISODES IN PRODUCTION FOR NETFLIX, DISNEY, SONY, SPINMASTER, AND MULTIPLE GLOBAL BROADCASTERS HIGHLY ANTICIPATED A.A. MILNE’S WINNIE-THE-POOH, TO RELEASE SNEAK PEEK ANIMATION TRAILER FEATURING TWO NEW FEMALE CHARACTERS BEVERLY HILLS, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON) today provided a business update for the quarter ended September 30, 2024. Key Highlights Second consecutive quarter of sequential revenue growthSignificant cost reductions across all operating units resulting in a 57% decrease in direct operating costs vs. Q3 2023Significant cuts in general and administrative expenses, reducing them by 40% year-over-year in Q3 and by 25% from Q2 2024Lo
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TOON
News
- Kartoon Studios Announces Stan Lee’s Largest Initial Superhero Ensemble, The Excelsiors, Set for Development as Graphic Novel, TV, and Film AdaptationGlobeNewswire
- Kartoon Channel and Samsung TV Plus Launch Kids Free Streaming Channel in India, the United Kingdom, Italy, and SpainGlobeNewswire
- Kartoon Studios’ Largest Revenue Unit, Mainframe Studios, Surges on Strong Business ReboundGlobeNewswire
- Kartoon Channel to Launch “Kidaverse Roblox Rumble” Competition Series This FallGlobeNewswire
- Kartoon Studios and LiveOne to Collaborate on Custom Audio and Video ChannelsGlobeNewswire
TOON
Sec Filings
- 11/14/24 - Form 8-K
- 11/14/24 - Form 10-Q
- 11/8/24 - Form 4
- TOON's page on the SEC website