NASDAQ$TOON
Kartoon Studios Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Kartoon Studios' Q2 2024 performance was marked by revenue growth and significant cost reductions.
Kartoon Studios reported a 38% increase in revenue compared to Q1 2024, driven by its 'Three Pillars' business strategy. The company also achieved a 39% reduction in direct operating costs compared to Q2 2023, and net losses were slashed by 61%.
- Kartoon Channel! streaming service experienced substantial growth, becoming a premier kids' entertainment hub.
- The company expanded its distribution network to 16 platforms and operates in 69 countries.
- Significant cost reductions across all operating units resulted in a 39% decrease in direct operating costs compared to Q2 2023.
- Net losses were reduced by 61% in Q2 2024.
Headline financials
Revenue & EPS history
Kartoon Studios · Revenue · Quarterly
$8.38M
Revenue by segment
Kartoon Studios · $7.24M total across 4 segments · Q1 2026
- Production Services$4.09M—56.5%
- Content Distribution$2.27M—31.4%
- Media Advisory and Advertising Services$799K—11.0%
- Licensing and Royalties$73K—1.0%
Forward guidance
Kartoon Studios is confident that recent actions and current trends will lead to profitability by 2025.
Tailwinds
- Reductions in direct operating costs.
- Lowering general and administrative expenses.
- Focus on operational efficiency and strict cost control.
- Reduced total operating expenses.
- Strong balance sheet with no long-term debt.
Headwinds
- Our ability to generate revenue or achieve profitability.
- Our ability to obtain additional financing on acceptable terms, if at all.
- The potential issuance of a significant number of shares, which will dilute our equity holders.
- Fluctuations in the results of our operations from period to period.
- General economic and financial conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2024
+0.2%
Avg return
Earnings day
-3.7%
Avg return
5 days after
+1.6%
Avg return
30 days after
43%
18 / 42 earnings
Positive
+35.4%
Q4 2015
Best reaction
-18.0%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -4.3% | +7.2% | — | |
| Q1 2026 | -4.4% | -9.2% | +70.9% | |
| Q3 2025 | -1.9% | -13.7% | +8.0% | |
| Q2 2025 | -1.8% | -0.9% | +7.1% | |
| Q1 2025 | -3.1% | +2.1% | -8.9% | |
| Q4 2024 | +1.5% | +0.0% | -4.3% | |
| Q3 2024 | -6.7% | -7.2% | -27.2% | |
| Q2 2024 | -0.2% | -3.1% | -8.1% | |
| Q1 2024 | +0.9% | -1.9% | -2.8% | |
| Q4 2023 | +4.0% | +10.1% | -27.5% | |
| Q3 2023 | +4.8% | +13.5% | +46.2% | |
| Q2 2023 | -8.0% | -28.9% | -24.4% | |
| Q1 2023 | +13.0% | +2.8% | +29.7% | |
| Q4 2022 | +6.6% | +0.4% | -6.2% | |
| Q3 2022 | -3.6% | -7.6% | -19.4% | |
| Q2 2022 | -18.0% | -27.1% | -33.5% | |
| Q1 2022 | +23.6% | +15.6% | +25.2% | |
| Q4 2021 | -10.0% | -17.7% | -34.2% | |
| Q3 2021 | +0.7% | -4.4% | -9.6% | |
| Q2 2021 | -3.9% | -7.8% | -5.2% | |
| Q1 2021 | +2.6% | +4.6% | +25.0% | |
| Q4 2020 | -9.2% | -15.0% | -14.5% | |
| Q3 2020 | -4.1% | -1.6% | +38.5% | |
| Q2 2020 | -1.9% | -12.0% | -35.4% | |
| Q1 2020 | -8.0% | -7.3% | +106.7% | |
| Q4 2019 | -6.0% | -22.3% | -6.0% | |
| Q3 2019 | -4.6% | -14.5% | -54.2% | |
| Q2 2019 | +0.5% | -22.3% | +1.1% | |
| Q1 2019 | -2.3% | +0.7% | +1.3% | |
| Q4 2018 | +1.0% | -2.0% | -1.0% | |
| Q3 2018 | +3.8% | +14.4% | +15.4% | |
| Q2 2018 | -0.8% | -2.7% | -14.9% | |
| Q1 2018 | -4.3% | -3.9% | +7.9% | |
| Q4 2017 | +0.4% | +1.8% | -4.3% | |
| Q3 2017 | +0.0% | -3.1% | -15.0% | |
| Q2 2017 | +4.9% | +9.8% | +19.7% | |
| Q1 2017 | +0.9% | -5.0% | +4.2% | |
| Q4 2016 | +6.5% | +9.1% | +29.0% | |
| Q3 2016 | +0.0% | +1.7% | -17.9% | |
| Q2 2016 | -1.0% | +0.0% | -0.5% | |
| Q1 2016 | +3.0% | — | — | |
| Q4 2015 | +35.4% | — | — | |
| Q2 2011 | — | — | — | |
| Q2 2010 | — | — | — |
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