Spin Master Swings to Profit
Dow Jones2026/07/30 11:07By Robb M. Stewart
Spin Master swung to a profit in the latest quarter due to a mix of new products and strong sales of core brands including Paw Patrol and Monster Jam.
The children's entertainment company recorded second-quarter net income of $ 29.7 million, or 29 cents a share, against a year-earlier loss of $46.5 million, or 46 cents.
Earnings before interest, taxes, depreciation and amortization on an adjusted basis came in at $51.6 million for the three months, up $22.9 million on a year prior and beating the $31.8 million mean forecast of analysts polled by FactSet.
Revenue increased 8.9% to $436.4 million from last year's $400.7 million, topping the roughly $418 million mean estimate of analysts.
The Toronto-based company said it continues to expect mid to high single digit percentage growth in adjusted Ebitda for 2026 and stable to low single digit growth in revenue.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
July 30, 2026 07:07 ET (11:07 GMT)
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.
You may also like
Unity and Nvidia’s investment division join Emulate's $700 million funding round
Anthropic IPO frenzy! Subscription demand several times oversubscribed, targeting a valuation of 1.4 trillions USD
Anthropic's upcoming IPO has sparked strong market enthusiasm, with subscription demand reaching several times the offering. The company plans to raise up to 90.4 billions USD through the IPO and private placement, potentially setting a new record for the largest listing in history. Although its valuation target of 1.4 trillions USD is slightly lower than previously expected, the market response remains extremely enthusiastic, fueled by robust institutional anchor demand.
Crypto prices
More
