Kartoon Channel! Achieves Record Revenue, Subscriber Growth, and Global Coverage
Kartoon Studios, Inc. (TOON)
Company Research
Source: GlobeNewswire
Kartoon Channel! U.S. Paid Subscribers Increased in 2023, with New Trials More Than Doubling in Q4 Kartoon Channel! International Market Penetration Increases with Dedicated Channels in 61 Territories and Branded Blocks Across Europe, Middle East, Africa, and Latin America, Reaching a Combined Population of Nearly 1.8 Billion Kartoon Channel!’s Apple App Store User Rating Beats All Major Competitors, Including Netflix, Disney+, Cartoon Network, and Nickelodeon BEVERLY HILLS, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios, Inc. (NYSE American: TOON) today announced its streaming service business, which premiered in June 2020, has achieved record revenue, increased its paid subscribers, expanded its international market coverage and reached break-even EBITDA in the fourth quarter of 2024. Kartoon Channel! has steadily grown to become a pre-eminent children’s entertainment destination that delivers thousands of episodes of carefully curated, and family-friendly content.
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TOON
News
- Kartoon Studios Continues Execution of Growth Strategy With Profitability Targeted for Q2 2025; Provides Business Update for the First Quarter of 2024GlobeNewswire
- Kartoon Studios and GFM Animation Partner to Develop and Produce First Slate of Five Animated Feature Films From Stan Lee UniverseGlobeNewswire
- Kartoon Studios Inc. Completes First Tranche of Registered Direct Offering of Common Stock and Pre-Funded Warrants for up to $7.0 Million; Closes Initial Purchase of $4.0 Million of Common Stock and Pre-Funded WarrantsGlobeNewswire
- Kartoon Studios prices $7M registered direct offering of common stock [Seeking Alpha]Seeking Alpha
- Kartoon Studios Inc. Announces Pricing of up to $7 Million Registered Direct Offering of Common Stock [Yahoo! Finance]Yahoo! Finance
TOON
Sec Filings
- 5/15/24 - Form 8-K
- 5/15/24 - Form 10-Q
- 5/8/24 - Form 4
- TOON's page on the SEC website