other material
confidence high
sentiment positive
materiality 0.65
Kartoon Channel! hits EBITDA breakeven, paid subs +19% in 2023; new Llama Llama Kohl's promo
Kartoon Studios, Inc.
- Kartoon Channel! paid subscribers grew 19% in 2023; free trials more than doubled in Q4 2023 vs Q4 2022.
- Streaming business reached EBITDA break-even in Q4 2023; customer acquisition costs cut 50% in H2 2023.
- Kartoon Channel! available in 61 territories reaching ~1.8B population; Apple rating 4.9/5.
- Beacon Media Group billed commission up 29% YoY, billed media up 5%; added 6 new advertisers.
- New Llama Llama merchandise launches at Kohl's in Feb and Apr 2024; 100% net profit to charity.