Kartoon Studios Reports Strong Double-Digit Revenue Growth and Continued Operational Improvement

Q3 Revenue Up 13% Year-Over-Year and 28% Year-to-Date

Mainframe Studios Revenue Up 45% Year-Over-Year, Driving Predictable Growth Through 2027

Toon Media Networks Posts Record October For Kartoon Channel!

Company Closed $7.3 Million Financing with Institutional Investor in October 2025 

“STAN A.I.” Animation Unit Major Initiative

“1^st Pitch of the 1st Inning”

BEVERLY HILLS, Calif., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON), a global producer and distributor of children’s and family entertainment, today announced continued double-digit revenue growth, improving efficiency, and expanding franchise momentum, while emphasizing its commitment to enhancing shareholder value and market visibility.

“Our message to shareholders is simple: we’re growing, we’re disciplined, and we’re aligned,” said Andy Heyward, Chairman & CEO. “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.”

“Additionally, the Company has been actively building out its A.I. animation unit, first announced last year, now redubbed ‘STAN A.I.’ as a homage to the visionary creator.”

“From the Company’s first meetings with Nvidia over two years ago, we have been actively creating a dynamic production unit able to go through all phases of animation and create first quality content at a speed and cost never before possible. It will have a transformational effect on our business and the industry overall. We are in the 1^st pitch of the 1st inning.”

Q3 2025 FINANCIAL HIGHLIGHTS

• Total Revenue: $9.9 million for the quarter and $29.7 million year-to-date, up 13% and 28%, respectively.
• Production Services (Mainframe Studios): Revenue up 45% year-over-year and 65% year-to-date, supported by contracts with Sony, Disney, and SpinMaster.
• Loss from Operations: Improved 10% over the second quarter and 32% year-to-date over prior year.
• Balance Sheet: $27.1 million in current assets and $24.0 million in stockholders’ equity at quarter-end.