Kartoon Studios Reports Second Quarter 2026 Financial Results and Accelerates Strategic Transformation
Kartoon Studios reported Q2 2026 revenue of $5.8 million, down 43% from the prior year, but swung to a net profit of $27.0 million driven by a one-time $39.2 million litigation settlement gain. The company strengthened its balance sheet to $40.5 million in cash with no long-term debt, following the sale of the Frederator network business and receipt of settlement funds.
Key figures
- Eps
- 0.41
- Revenue
- 5800000
- Guidance
- Hundred Acre Wood launch on Amazon Prime expected February 18, 2027
- Revenue Yoy
- -43%
- Net income
- 27000000
- Operating loss
- 3400000
- Escrow proceeds
- 39200000
- Litigation gain
- 39200000
- Operating expenses
- 9200000
- Cash and securities
- 40500000
AI analysis
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