Kartoon Studios Provides Business Update for the Second Quarter of 2024; Key Metrics Up
Kartoon Studios, Inc. (TOON)
Company Research
Source: GlobeNewswire
BEVERLY HILLS, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON) today provided a business update for the quarter ended June 30, 2024. The Company’s Chairman & CEO, Andy Heyward, also provided a letter to shareholders, which is available HERE. Key Highlights Kartoon Channel! streaming service emerges as one of the premier kids' entertainment hub; 120% growth in Amazon Prime subscribers from June 2023 to 2024; profitability of streaming services continues growing monthlyDistribution across 16 platforms including iOS, Android Mobile, Web, Amazon Prime Video, Apple TV, Amazon Fire, Roku, Pluto TV, Comcast, Cox, Dish, Sling TV, Android TV, Tubi, Xumo, Samsung and LG Smart TVs; international presence, now operating in 69 countries globally, and growingSignificant cost reductions across all operating units resulting in 39% decrease in direct operating costs vs. Q2 2023Net losses slashed by 61% in Q2 2024 vs Q2 2023Growth fueled by ‘Three Pillars’ business s
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TOON
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- Kartoon Studios and LiveOne to Collaborate on Custom Audio and Video ChannelsGlobeNewswire
- Kartoon Studios Premieres Second Season of Shaq’s Garage Starring Shaquille O’Neal on Kartoon Channel! Across North AmericaGlobeNewswire
- Excelsior! Stan Lee Universe Excites Crowds at the San Diego Comic-Con Last WeekendGlobeNewswire
TOON
Sec Filings
- 10/3/24 - Form 4
- 9/27/24 - Form S-1
- 9/23/24 - Form 4
- TOON's page on the SEC website