| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 9.88 | 3.9% | 13.4% |
| Total Income | 9.88 | 3.9% | 13.4% |
| Expenditure | 12.77 | 5.3% | 13.4% |
| PBT | — | ||
| Net Profit | -6.57 | 6.7% | 218.9% |
| OPM | -29.32% | 1.96pp | 0.07pp |
| NPM | -66.52% | 6.56pp | 42.90pp |
| EPS | -0.14 | 7.7% | 180.0% |
Kartoon Studios Reports Q3 2025 Revenue Up 13% Y-o-Y
04 May 2026 · 4 May, 7:09 am
Summary
Kartoon Studios announced strong double-digit revenue growth and continued operational improvement for Q3 2025. Total revenue for the quarter was $9.9 million, a 13% increase year-over-year, and $29.7 million year-to-date, up 28%. Mainframe Studios revenue grew by 45% year-over-year. The company also closed a $7.3 million financing deal. Management is focused on translating progress into long-term equity value, with key franchises like Hundred Acre Wood’s Winnie & Friends and Stan Lee Universe expected to be significant growth drivers.
Key Highlights
- 1
Kartoon Studios reported a 13% increase in revenue to $9.9 million for Q3 2025.
- 2
Year-to-date revenue reached $29.7 million, representing a 28% increase.
- 3
Mainframe Studios revenue increased by 45% year-over-year, driven by contracts with Sony, Disney, and SpinMaster.
- 4
The company closed a $7.3 million financing deal with an institutional investor in October 2025.
- 5
Loss from operations improved by 10% compared to the second quarter and 32% year-to-date over the prior year.
- 6
Kartoon Channel! recorded its strongest month ever in October 2025 for its subscription business.
- 7
Multi-year production contracts provide revenue visibility through 2027.
Management Comments
Andy Heyward
Our message to shareholders is simple: we’re growing, we’re disciplined, and we’re aligned. Kartoon Studios has strengthened its balance sheet, attracted institutional investment, and continues to expand recurring revenue through long-term production and streaming growth. We are fully focused on translating that progress into long-term equity value. Specifically, we look forward to Hundred Acre Wood’s Winnie & Friends, and Stan Lee Universe becoming significant growth drivers. We understand the importance of delivering for our shareholders. We’re taking deliberate steps to strengthen our financial position and accelerate growth. We’ve built a business with durable growth drivers and implemented strict cost discipline. As our portfolio of premium IP comes to market, we see increasing visibility into stronger cash generation and sustained shareholder returns.
Brian Parisi
Our Q3 results reflect continued improvement in operating efficiency and financial flexibility. We continue to reduce overhead, improve liquidity, and position the company for scalable growth. With contracted revenue visibility through 2027 and a stronger balance sheet, Kartoon Studios enters 2026 from a position of strength.
Informational and educational content only. Not investment advice.