Kartoon Studios Reports Strong Business Results with 8.2% Sequential Revenue Growth for Q4 2024, Marking Third Consecutive Quarterly Increase
Kartoon Studios (NYSE: TOON) reported strong Q4 2024 results with 8.2% sequential revenue growth, marking the third consecutive quarterly increase. Total revenue reached $9.4 million in Q4 and $32.6 million for 2024. The company achieved significant cost reductions with operating expenses decreasing by 66.0% in Q4 2024 and 57.4% for the full year.
Key highlights include:
- Operating loss improved by 88.0% in Q4 and 76.5% for 2024
- Production services revenue increased 44.7% in Q4 year-over-year
- Mainframe Studios secured over 90% of its 2025 revenue target
- Kartoon Channel maintained #1 ranking in Apple app store
- Beacon Media Group and Frederator Networks achieved profitability
The company reported current assets of $34.7 million and stockholders' equity of $36.5 million, with no long-term debt as of December 31, 2024. Management expects profitability in 2025.
Kartoon Studios (NYSE: TOON) ha riportato risultati solidi per il quarto trimestre del 2024 con una crescita dei ricavi sequenziali dell'8,2%, segnando il terzo aumento trimestrale consecutivo. I ricavi totali hanno raggiunto i 9,4 milioni di dollari nel Q4 e 32,6 milioni di dollari per il 2024. L'azienda ha ottenuto significative riduzioni dei costi, con le spese operative in calo del 66,0% nel Q4 2024 e del 57,4% per l'intero anno.
I punti salienti includono:
- Il risultato operativo è migliorato dell'88,0% nel Q4 e del 76,5% per il 2024
- I ricavi dei servizi di produzione sono aumentati del 44,7% nel Q4 rispetto all'anno precedente
- Mainframe Studios ha raggiunto oltre il 90% del suo obiettivo di ricavi per il 2025
- Kartoon Channel ha mantenuto il primo posto nell'App Store di Apple
- Beacon Media Group e Frederator Networks hanno raggiunto la redditività
L'azienda ha riportato attivi correnti per 34,7 milioni di dollari e un patrimonio netto di 36,5 milioni di dollari, senza debito a lungo termine al 31 dicembre 2024. La direzione prevede di raggiungere la redditività nel 2025.
Kartoon Studios (NYSE: TOON) reportó resultados sólidos para el cuarto trimestre de 2024 con un crecimiento secuencial de ingresos del 8.2%, marcando el tercer aumento trimestral consecutivo. Los ingresos totales alcanzaron $9.4 millones en el Q4 y $32.6 millones para 2024. La compañía logró reducciones significativas de costos, con gastos operativos disminuyendo en un 66.0% en el Q4 2024 y un 57.4% para todo el año.
Los aspectos destacados incluyen:
- La pérdida operativa mejoró en un 88.0% en el Q4 y un 76.5% para 2024
- Los ingresos por servicios de producción aumentaron un 44.7% en el Q4 en comparación con el año anterior
- Mainframe Studios aseguró más del 90% de su objetivo de ingresos para 2025
- Kartoon Channel mantuvo el puesto #1 en la tienda de aplicaciones de Apple
- Beacon Media Group y Frederator Networks alcanzaron la rentabilidad
La compañía reportó activos corrientes de $34.7 millones y patrimonio de $36.5 millones, sin deuda a largo plazo al 31 de diciembre de 2024. La dirección espera rentabilidad en 2025.
카툰 스튜디오 (NYSE: TOON)는 2024년 4분기에 8.2%의 순차적 매출 성장을 기록하며 세 번째 분기 연속 매출 증가를 보고했습니다. 총 매출은 4분기에 940만 달러, 2024년 전체로는 3,260만 달러에 달했습니다. 회사는 운영 비용을 2024년 4분기에 66.0%, 연간 57.4% 감소시키며 상당한 비용 절감을 달성했습니다.
주요 하이라이트는 다음과 같습니다:
- 운영 손실이 4분기에 88.0%, 2024년 전체로는 76.5% 개선되었습니다.
- 제작 서비스 매출이 4분기 전년 대비 44.7% 증가했습니다.
- Mainframe Studios는 2025년 매출 목표의 90% 이상을 확보했습니다.
- Kartoon Channel은 애플 앱 스토어에서 1위를 유지했습니다.
- Beacon Media Group과 Frederator Networks는 수익성을 달성했습니다.
회사는 2024년 12월 31일 기준으로 3,470만 달러의 유동 자산과 3,650만 달러의 주주 지분을 보고했으며, 장기 부채는 없습니다. 경영진은 2025년 수익성을 기대하고 있습니다.
Kartoon Studios (NYSE: TOON) a annoncé de solides résultats pour le quatrième trimestre 2024 avec une croissance séquentielle des revenus de 8,2%, marquant le troisième trimestre consécutif d'augmentation. Le chiffre d'affaires total a atteint 9,4 millions de dollars au Q4 et 32,6 millions de dollars pour 2024. L'entreprise a réalisé des réductions de coûts significatives, avec des dépenses d'exploitation diminuant de 66,0% au Q4 2024 et de 57,4% pour l'année complète.
Les points forts comprennent:
- La perte d'exploitation s'est améliorée de 88,0% au Q4 et de 76,5% pour 2024
- Les revenus des services de production ont augmenté de 44,7% au Q4 par rapport à l'année précédente
- Mainframe Studios a sécurisé plus de 90% de son objectif de revenus pour 2025
- Kartoon Channel a maintenu la première place dans l'App Store d'Apple
- Beacon Media Group et Frederator Networks ont atteint la rentabilité
L'entreprise a déclaré des actifs courants de 34,7 millions de dollars et des capitaux propres de 36,5 millions de dollars, sans dettes à long terme au 31 décembre 2024. La direction s'attend à une rentabilité en 2025.
Kartoon Studios (NYSE: TOON) hat im vierten Quartal 2024 starke Ergebnisse mit einem Umsatzwachstum von 8,2% im Vergleich zum vorherigen Quartal gemeldet, was den dritten aufeinanderfolgenden Anstieg des Quartals darstellt. Der Gesamtumsatz erreichte 9,4 Millionen Dollar im Q4 und 32,6 Millionen Dollar für 2024. Das Unternehmen erzielte erhebliche Kostensenkungen, wobei die Betriebskosten im Q4 2024 um 66,0% und im gesamten Jahr um 57,4% sanken.
Wichtige Highlights sind:
- Der Betriebsverlust verbesserte sich im Q4 um 88,0% und im Jahr 2024 um 76,5%
- Die Einnahmen aus Produktionsdienstleistungen stiegen im Q4 im Vergleich zum Vorjahr um 44,7%
- Mainframe Studios sicherte sich über 90% seines Umsatzziels für 2025
- Kartoon Channel behielt den ersten Platz im Apple App Store
- Beacon Media Group und Frederator Networks erzielten Rentabilität
Das Unternehmen meldete zum 31. Dezember 2024 aktuelle Vermögenswerte von 34,7 Millionen Dollar und Eigenkapital von 36,5 Millionen Dollar, ohne langfristige Schulden. Das Management erwartet für 2025 Rentabilität.
- 8.2% sequential revenue growth in Q4 2024
- Operating expenses reduced by 66.0% in Q4 2024
- Operating loss improved by 88.0% in Q4 2024
- Production services revenue increased 44.7% in Q4
- 90% of 2025 revenue target already contracted
- Multiple divisions achieved profitability (Kartoon Channel, Beacon Media, Frederator Networks)
- No long-term debt on balance sheet
- Company still operating at a loss despite improvements
- Full year revenue of $32.6M shows relatively small scale of operations
Insights
Kartoon Studios' Q4 2024 results demonstrate meaningful financial improvement with 8.2% sequential revenue growth marking the third consecutive quarterly increase. The company's financial discipline is evident in the
The operational transformation appears sustainable, with the company's largest revenue generator, Mainframe Studios, showing
Balance sheet strength is notable with
The company's milestone of achieving profitability in multiple divisions (Kartoon Channel, Beacon Media, Frederator Networks) suggests the broader profitability goal for 2025 is credible. The
With diversified revenue streams across animation production, content distribution, and advertising, Kartoon has constructed multiple paths to continued growth while maintaining a disciplined approach to expenses that has yielded a
Kartoon Studios has positioned itself strategically in the competitive children's entertainment market by emphasizing safety and quality, evidenced by maintaining the #1 ranking among streamers in the Apple App Store, outperforming major competitors like YouTube Kids, Netflix, and Disney+.
The company's animation production subsidiary, Mainframe Studios, has established itself as a premium content provider for top-tier clients with productions including established franchises like Barbie, Coco Melon, and Unicorn Academy. This high-quality output has created a substantial backlog extending into 2026, providing stability unusual for content production companies.
Kartoon's international expansion to 61 markets represents significant distribution growth, creating access to 1.5 billion viewers worldwide across FAST channels, VOD, and Smart TV platforms. This expanded distribution footprint creates a foundation for monetizing both existing content and upcoming IP launches.
The two major IP initiatives launching in 2025-2026 deserve particular attention: Hundred Acre Wood's Winnie and Friends leverages the classic A.A. Milne property with Linda Woolverton (Beauty and the Beast, Lion King) as executive producer, while The Excelsiors taps into the Stan Lee Universe with Michael Uslan (Batman) leading. This pipeline combines established beloved IP with new content from proven creative teams.
The company's Frederator Networks has successfully pivoted toward short-form content, generating billions of views on YouTube and viral content on platforms like TikTok. The expansion into e-commerce and digital collectibles represents an intelligent monetization strategy beyond traditional advertising revenue.
Operating Expenses Decreased by
Kartoon Channel Continues Growth in Viewers, Platforms, Revenue, and Profitability While Continuing to Lead All Streamers in Viewer Rankings in Apple App Store
The Company’s Family and Kids’ Ad Unit, Beacon Media Group, Achieved Profitability in 2024 with High-Efficiency Ads and Data-Driven Strategies, Poised for Continuing Growth in 2025
Upcoming Animated Series, Hundred Acre Wood’s Winnie and Friends, and Stan Lee Universe’s The Excelsiors, Poised for Broad Launches in 2025 and 2026
BEVERLY HILLS, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON) today provided a business update for the fourth quarter of 2024, highlighting continued momentum in revenue growth across all units, substantial improvements in cost efficiency and noteworthy progress toward profitability expected in 2025.
Key Financial Highlights for Q4 2024:
- Total Revenue: Third consecutive quarter of revenue growth; Total revenue increased by
8.2% compared to Q3 2024 and7.0% compared to Q4 2023, driven by consistent growth across all divisions. - Production Services Revenue: Surged by
44.7% in Q4 2024 compared to Q4 2023, reflecting strong demand for premium animation content at Mainframe animation production subsidiary. - Total Operating Expenses: Decreased by
66.0% in Q4 2024 compared to Q4 2023 and by57.4% for the full year 2024 compared to 2023. This decrease in operating expenses reflects the effectiveness of continuing operational efficiency initiatives. - General & Administrative (G&A) Expenses: Decreased by
39.2% in Q4 2024 compared to Q4 2023 and by28.6% for the full year 2024 compared to 2023. - Loss from Operations: Improved by
88.0% in Q4 2024 compared to Q4 2023 and by76.5% for the full year 2024 compared to 2023, continuing the path towards profitability in 2025.
"In 2024, Kartoon Studios made significant progress across all core business segments and towards overall profitability in 2025 and beyond," said Andy Heyward, CEO of Kartoon Studios. "Virtually all of our operating units have reached profitability, including tentpole children’s broadcaster, Kartoon Channel, tentpole family and kids advertising unit, Beacon Media, and Frederator Networks.”
Mainframe Studios, Kartoon Studios’ largest revenue-generating unit, achieved a
Kartoon Channel! and Frederator Networks (Toon Media Networks) delivered strong results and profit in 2024, significantly building upon 2023 through higher subscription revenues, distribution expansion, increasing advertising revenue, and high-performance diverse content offerings now including Peppa Pig, Super Mario Brothers, Shaq’s Garage, Yu Gi Oh, Gummy Bears, Rainbow Rangers, Roblox Rumble, and Minecraft: Journey to the End.
Kartoon Channel! remains the #1 ranked streamer in the Apple app store, rated by users, besting YouTube Kids, Netflix, Disney+, and others, and continues to grow each quarter based on its unrelenting focus on children’s safety. Kartoon Channel is now available in the US as well as 61 international markets, reaching more than 1.5 billion viewers worldwide across FAST Channels, VOD, and Smart TV, on platforms including Samsung+, Amazon Prime, Amazon Fire, Android, Tubi, Pluto, Roku, Google, Apple TV, Apple iOs, Comcast cable, Cox cable, and Star TV among others. Its emphasis on exclusive series, localized content, and ad-supported models drove substantial revenue growth. Meanwhile, the Company’s Frederator Networks, also turned profitable in 2024 and is now one of the largest global animation networks, generating billions of views across YouTube and viral hits on TikTok and other platforms. Its 2,000 exclusive creators and portfolio of original animated series on YouTube were instrumental in driving ad revenues. By focusing on short-form social media content to broaden reach and merchandising, Frederator’s originals attracted a loyal and engaged audience. Looking ahead to 2025, the network plans to expand its e-commerce capabilities on YouTube and social media by offering branded merchandise and digital collectibles, unlocking new revenue streams, and further enhancing profitability.
Mr. Heyward continued: “The expansion of Kartoon Channel! and Frederator Networks has executed a global content strategy that resonates with audiences worldwide, built on safety for children. As we enter new markets in Asia, Europe, and Latin America in 2025, we are now present in over 61 territories and have built significant pipelines for our content for the future. We are confident that our international growth strategy, always promoting safe and positive content, will strengthen revenue streams and solidify our position as a leader in children’s entertainment for years to come.”
Meanwhile, creative development is focused on Kartoon Studios’ upcoming worldwide launch of the animated properties, Hundred Acre Wood’s Winnie and Friends, based on the A.A. Milne classic children’s property, Winnie-the-Pooh, and Stan Lee Universe’s upcoming The Excelsiors, the largest group of Stan Lee superheroes ever introduced. Under the Executive Producer oversights respectively of Linda Woolverton (Beauty and the Beast, Lion King, Maleficent), as well as Michael Uslan (Batman), the Company is expecting strong performance from these pedigreed properties for years to come and the proven creative teams leading them. Kartoon Studios Licensing and Merchandising with both Hundred Acre Wood’s Winnie and Friends and Stan Lee’s The Excelsiors is set to unlock substantial new revenue streams. The combination of beloved legacy brands and innovative new content look positions Kartoon Studios to capitalize on the continuing global demand for high-quality, safe, family-friendly entertainment.
“We have invested heavily in infrastructure, technology, and key creators with a proven track record of making large and highly profitable hits. We are confident we can begin seeing that investment's harvest now. It is worth noting that our CFO, Brian Parisi, was recognized recently as CFO of the Year by the Los Angeles Daily Business Journal. Also worth noting is that our family and kids’ ad unit, Beacon Media Group, achieved profitability in 2024 through high-efficiency ads and data-driven strategies and is poised for continued growth in 2025. Our commitment remains clear: to execute our vision for Kartoon Studios’ safe and positive content for children and families while delivering lasting growth and value for our shareholders,” concluded Mr. Heyward.
Brian Parisi, Kartoon Studios' Chief Financial Officer, commented, "Our financial performance in 2024 reflects the success of our disciplined approach to cost efficiencies. Significant reductions in operating expenses and G&A costs and improved efficiency across our divisions have substantially strengthened our bottom line and positioned us for profitable growth.
“We remain focused on maintaining financial discipline while strategically investing in our most profitable areas, including premium content production, data-driven advertising, and licensing and merchandising. With a leaner expense structure, no long-term debt, and a robust pipeline of contracted revenue, we are well-positioned to capitalize on growth opportunities in 2025 and beyond. We aim to drive sustained revenue growth, expand profitability, and create long-term value for our shareholders."
Kartoon Studios reported revenue of
Complete details of Kartoon Studios’ financial results for the fourth quarter and full year ended December 31, 2024, are available in the Company’s Annual Report on Form 10-K, which has been filed with the Securities & Exchange Commission and is available on the Company’s website.
About Kartoon Channel!
Kartoon Studios’ Kartoon Channel! is a family entertainment destination that delivers 1000s of episodes of carefully curated and safe family-friendly content. The channel features original content, including Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, Rainbow Rangers, and Shaq’s Garage, starring Shaquille O’Neal and Rob “Gronk” Gronkowski. Kartoon Channel! also delivers animated classics for little kids, such as Peppa Pig Shorts, Mother Goose Club, Barney and Friends, Om Nom Stories, as well as content for bigger kids, like Angry Birds, Talking Tom & Friends and Yu-Gi-Oh!. Kartoon Channel! also offers STEM-based content through its Kartoon Classroom, including Baby Genius and more, as well as a Spanish language collection, KC En Espanol.
Kartoon Channel! and Ameba are available across multiple platforms, including Comcast, Cox, DISH, Sling TV, Amazon Prime Video, Amazon Fire, Roku, Apple TV, Apple iOS, Android TV, Android mobile, XBox, Pluto TV, Xumo, Tubi, YouTube, YouTube Kids and KartoonChannel.com, as well as Samsung and LG smart TVs.
Internationally, Kartoon Channel! is currently available in key territories around the world, including the UK, Italy, and Spain via Samsung TV Plus, India (Jio via Powerkids Entertainment), Africa and Sub-Sahara Africa (StarTimes), Australia and New Zealand (Samsung TV Plus), Germany (Waipu), Philippines (Tapp Digital), Mongolia (Mobinet Media), Malaysia (Astro), Indonesia (Linknet)
and Maldives (Dhiraagu). Additionally, Kartoon Channel! Branded blocks are currently available daily in 61 countries across the Middle East, Africa, Latin America, and Europe.
About Stan Lee
Kartoon Studios owns a controlling interest in Stan Lee Universe and manages all aspects of the Stan Lee brand including his name, likeness, signature, voice, and consumer products licensing, as well as characters created by Stan, post Marvel. Known by his signature phrase “Excelsior!,” Stan Lee is one of the most prolific and legendary creators of all time. As Marvel's editor-in-chief, Stan "The Man" Lee helped build a universe of interlocking continuity, one where fans felt as if they could turn a street corner and run into a superhero from Spider-Man to the Fantastic Four, Thor, Iron Man, the Hulk, the X-Men, and more. Stan went on to become Marvel’s editorial director and publisher in 1972 and was eventually named chairman emeritus. He was the co-creator of characters appearing in 4 of the top 10 box office movies of all time, which featured Spider-Man, Iron Man, the Hulk, Thor, Guardians of the Galaxy, Black Panther, and of course the Avengers, accounting for billions of dollars of revenue for Marvel and the Walt Disney Company. Among Stan’s many awards are the National Medal of Arts, awarded by President Bush in 2008, and the Disney Legends Award, received in 2017. He was also inducted into the comic industry’s Will Eisner Award Hall of Fame and Jack Kirby Hall of Fame.
About Kartoon Studios’ “Hundred Acre Wood’s Winnie-The-Pooh”
Kartoon Studios’ “Hundred Acre Wood’s Winnie-the-Pooh” is based on the designs and stories of one of the most successful brands of all time, A.A. Milne’s Winnie-the-Pooh, a property that has generated approximately
Kartoon Studios’ Winnie-the-Pooh animated content is being developed with a unique ‘yarn-based’ design and palette for the characters and backgrounds, along with original modern stories inspired by Milne’s beloved classic books and two new female characters. The beautifully imagined yarn gives the characters depth and warmth. Additionally, the stories will be told in a ‘Seussian style’ rhyme to provide an enriched dimension to the stories.
About Mainframe Studios
Founded in 1993 and headquartered in Vancouver, Canada, Mainframe Studios created the very first entirely CG TV series, ReBoot. Since then, the company has produced more than 1,000 half-hour episodes for TV, over 60 feature-length projects, and two theatrical feature films. We have been innovators and creators since day one and have partnered with some of the biggest names in the business. The company’s creative-driven approach marries seamlessly with our rock-solid production processes, allowing us to deliver great storytelling that is both on time and on budget.
About Beacon Media Group
Beacon Media Group is a full-service marketing, communications, and media agency group focused on building meaningful connections between consumers and brands across diverse industries, including consumer products, entertainment, gaming, lifestyle, and technology. Beacon Communications’ integrated expertise brings brands' voices to the forefront and makes them part of influential consumer conversations through PR, social media, influencer marketing, and creative services. The Beacon Media division provides media research, strategic planning, and buying services across traditional and emerging platforms, including TV, CTV/OTT, VOD, OLV, Retail Media, Social, Gaming, Paid Influencer, Audio, and other leading Digital Media channels.
About Kartoon Studios
Kartoon Studios (NYSE AMERICAN: TOON) is a global end-to-end creator, producer, distributor, marketer, and licensor of entertainment brands. The Company’s IP portfolio includes original animated content, including the Stan Lee brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel! and Ameba; Shaq’s Garage, starring Shaquille O’Neal, on Kartoon Channel!; Rainbow Rangers on Kartoon Channel! and Ameba; the Netflix Original Llama Llama, starring Jennifer Garner, and more.
In 2022, Kartoon Studios acquired Canada’s WOW! Unlimited Media and made a strategic investment becoming the largest shareholder in Germany’s Your Family Entertainment AG, one of Europe’s leading distributors and broadcasters of high-quality programs for children and families.
Toon Media Networks, the Company’s wholly owned digital distribution network, consists of Kartoon Channel!, Frederator Network, and Ameba. Kartoon Channel! is a globally distributed entertainment platform with near full penetration of the U.S. market. Kartoon Channel! and Ameba are available across multiple 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, and Samsung and LG Smart TVs. Frederator Network owns and operates one of the largest global animation networks on YouTube, with channels featuring over 2000 exclusive creators and influencers, garnering billions of views annually.
For additional information, please visit www.kartoonstudios.com
Forward-Looking Statements: Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements and include statements regarding being poised for revenue growth and reaching sustained profitability in 2025 with rebound in animation production pipeline and continuing profit in children’s channel; system; releasing A.A. MILNE’S WINNIE-THE-POOH sneak peek animation trailer featuring two new female characters; development plans for Stan Lee’s The Excelsiors – one of the largest initial superhero ensemble creations by the legendary Stan Lee: launching the project as a graphic novel through Legible Comics, with concurrent development for television and film adaptations, overseen by industry icon and BATMAN Executive Producer, Michael Uslan: the collaboration with LiveOne (LVO: NASDAQ) to produce, publish, and distribute all music for its Winnie-the-Pooh films and series, including original songs, albums, and soundtracks; continuing to build on the positive results achieved in the first half of the year; the Company’s ability to expand its brand globally in 2025 and beyond; the Company’s belief that its initiatives reinforce its commitment to building a dynamic, diversified, children’s entertainment portfolio that resonates with audiences worldwide, positioning the Company for long-term success; the future success of Mainframe Studios; current initiatives guiding Kartoon Studios toward profitability in 2025; operating at a sustainable expense level for the foreseeable future; and being well-positioned to capitalize on future growth opportunities and deliver long-term value for shareholders;. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation, the Company’s ability to sustain growth and profitability in 2025; the Company’s ability to expand its brand globally in 2025 and beyond; the ability of the Company to achieve profitability in 2025; the successful release of the Company’s Winnie-the-Pooh films and series; the successful production and release of the Company’s animated Christmas movie set to premiere December 24, 2025; the Company’s ability to obtain additional financing on acceptable terms, if at all; fluctuations in the results of the Company’s operations from period to period; general economic and financial conditions; the Company’s ability to anticipate changes in popular culture, media and movies, fashion and technology; competitive pressure from other distributors of content and within the retail market; the Company’s reliance on and relationships with third-party production and animation studios; the Company’s ability to market and advertise its products; the Company’s reliance on third-parties to promote its products; the Company’s ability to keep pace with technological advances; the Company’s ability to protect its intellectual property and those other risk factors set forth in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and in the Company's subsequent filings with the Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
MEDIA CONTACT:
pr@kartoonstudios.com
INVESTOR RELATIONS CONTACT:
ir@kartoonstudios.com
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