Kartoon Studios reported its financial results for the fourth quarter and full year ended December 31, 2024, on March 31, 2025. The company achieved $9.4 million in revenue for Q4 2024, marking an 8.2% sequential revenue growth and its third consecutive quarterly increase. Full-year 2024 revenue reached $32.6 million.
The company demonstrated significant financial improvements, with operating expenses decreasing by 57.4% in 2024 and operating loss improving by 76.5% in the same period. These reductions reflect disciplined cost control and enhanced operational efficiency across the organization.
Multiple operating units achieved profitability in 2024, including Kartoon Channel!, which remains the #1 ranked streamer in the Apple app store and is available in 61 international markets reaching over 1.5 billion viewers. Beacon Media Group and Frederator Networks also turned profitable in 2024.
Mainframe Studios, the largest revenue-generating unit, saw a 44.7% revenue increase in Q4 2024 compared to Q4 2023. Over 90% of its 2025 revenue target is already contracted, with a backlog of orders extending into 2026, providing strong financial visibility.
Upcoming animated properties, 'Hundred Acre Wood’s Winnie and Friends' and 'Stan Lee Universe’s The Excelsiors,' are poised for broad launches in 2025 and 2026, expected to unlock substantial new revenue streams through licensing and merchandising. As of December 31, 2024, the company reported current assets of $34.7 million, total stockholders’ equity of $36.5 million, and no long-term debt.
Management reiterated its expectation to achieve company-wide profitability in 2025, supported by a leaner expense structure and a robust pipeline of contracted revenue. This outlook positions Kartoon Studios for sustained growth and long-term shareholder value.
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