Kartoon Studios Q2 FY26 net income turns to USD 27 million; revenue drops 43% to USD 5.82 million
Reuters2026/08/14 13:02- Kartoon Studios swung to net income of USD 27 million in the quarter ended June 30, 2026, from a net loss a year earlier.
- Revenue fell 43% to USD 5.82 million on lower production-services activity; direct operating costs dropped 35% to USD 4.63 million.
- Other income rose to USD 31.11 million, driven by USD 39.24 million of Section 16(b) legal settlement income, partly offset by a USD 4 million standstill loss.
- Cash rose to USD 7.7 million, while available-for-sale marketable securities climbed to USD 32.8 million following investment of settlement proceeds.
- Frederator Networks was sold on July 8 for a USD 500,000 base price; the company expects about a USD 300,000 disposal loss.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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