Kartoon Studios’ Kartoon Channel! Streaming Business Hits Profitability Milestone
Kartoon Studios, Inc. (TOON)
Company Research
Source: GlobeNewswire
Record Breaking Subscriber Numbers in both January and FebruarySurpassing Previous All-Time Highs Free Trials and Conversions to Paid Subscriptions Soared by Nearly 50% in February Compared to the Same Month Last Year BEVERLY HILLS, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON) today announced its direct to consumer streaming services, including Kartoon Channel!, achieved profitability through the first two months of 2024, driven by sustained subscriber growth and streamlined operations. As recently reported, Kartoon Channel! achieved record revenue and EBITDA breakeven in the fourth quarter of 2023. Available on a wide array of platforms, Kartoon Channel! has achieved remarkable domestic penetration, reaching nearly 100% of U.S. television households, as its momentum of growth continues. “It has been less than four years since Kartoon Channel!’s launch, and in that time, it has rapidly ascended to become a premier destination in child
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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