Kartoon Studios Q2 net income $27M on $39.2M litigation gain; revenue down 44% to $5.8M

Kartoon Studios, Inc.

2026-Q2 EPS reported $0.30 revenue$13,059,000

Q2 revenue $5.8M vs $10.3M prior year (-44%); operating loss $3.4M vs $3.2M prior year.
Net income $27.0M vs $(6.3M) loss prior year, driven by $39.2M non-recurring litigation settlement gain.
Ended quarter with $40.5M cash/marketable securities, no long-term debt; additional $39.2M in escrow pending legal fees.
Signed Amazon Prime distribution deal for Hundred Acre Wood (Winnie-the-Pooh), launching Feb 18, 2027 with Shop the Show program.
Sold Frederator channel network in July, retaining IP (Castlevania, Bee and Puppycat); appointed Brooke Bacon SVP Consumer Products.

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