Kartoon Studios reports record Kartoon Channel! revenue, 19% paid sub growth, EBITDA break-even in Q4

Kartoon Studios, Inc.

Kartoon Channel! paid subscribers increased 19% in 2023; free trials more than doubled in Q4 2023 vs Q4 2022.
Kartoon Channel! achieved break-even EBITDA in Q4 2023; customer acquisition costs halved in second half.
Beacon Media Group grew billed commission 29% YoY and added 6 new advertisers, expanding into non-toy categories.
Llama Llama launches two Kohl's Cares promotions in Feb and Apr 2024 with book+plush sets at $5-$9.
Kartoon Channel! Apple app store rating 4.9/5 stars, beating Netflix, Disney+, and others.

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