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Jun 30, 2022
Kartoon Studios Q2 2022 Earnings Report
Achieved record revenue growth due to strategic acquisitions and expansion of content offerings.
Key Takeaways
Genius Brands reported record revenue growth of 843% to $21.2 million for Q2 2022, driven by the acquisitions of WOW! Unlimited Media and Ameba, along with increased licensing and royalty revenue.
Revenue increased 843% to a record $21.2 million compared to the same period last year.
Growth attributed to the inclusion of WOW! Unlimited Media and Ameba acquisitions.
Licensing and royalties increased 102% due to the rollout of the Stan Lee IP licensing program.
Maintained a solid balance sheet with a substantial cash position to internally fund growth.
Kartoon Studios
Kartoon Studios
Forward Guidance
Genius Brands is focused on growing its asset base and achieving sustainable profitability through its global channel system for kids. The company is experiencing subscriber and advertiser growth, while creating synergies and economies of scale.
Positive Outlook
- Global channel system experiencing subscriber growth.
- Global channel system experiencing advertiser growth.
- Creating synergies and economies of scale.
- Building blocks are in place.
- Executing on the company's plan.