Kartoon Studios’ Kartoon Channel! Streaming Business Hits Profitability Milestone
BEVERLY HILLS, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON) today announced its direct to consumer streaming services, including Kartoon Channel!, achieved profitability through the first two months of 2024, driven by sustained subscriber growth and streamlined operations. As recently reported, Kartoon Channel! achieved record revenue and EBITDA breakeven in the fourth quarter of 2023. Available on a wide array of platforms, Kartoon Channel! has achieved remarkable domestic penetration, reaching nearly 100% of U.S. television households, as its momentum of growth continues.
- BEVERLY HILLS, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON) today announced its direct to consumer streaming services, including Kartoon Channel!
- , achieved profitability through the first two months of 2024, driven by sustained subscriber growth and streamlined operations.
- Available on a wide array of platforms, Kartoon Channel!
- This approach will solidify Kartoon Studios' streaming business as a pivotal growth driver for the Company in the years ahead.