Latest news with #SpinMasterCorp
CTV News
31-07-2025
- Business
- CTV News
Spin Master reports second quarter net loss of US$46.5 million
TORONTO — Spin Master Corp. reported a second-quarter loss as it said it had revenue pressure related to tariffs, and is working to position itself to navigate the broader macroeconomic headwinds. The Toronto-based children's entertainment company, which reports in U.S. dollars, says it lost US$46.5 million in the second quarter, compared with a loss of US$24.5 million in the same quarter last year. On an adjusted basis, the company said it lost US$7.4 million, or seven cents per diluted share in the quarter, compared with a US$9.6 million adjusted profit, or nine cents per share, in the period last year. Revenue totalled US$400.7 million, compared to US$412 million in the same quarter last year. Chief executive Christina Miller says in a statement that revenue was down as the company experienced a shift in retailer ordering patterns driven by global tariffs, while double-digit growth in its digital games segment helped offset some of the pressure. Miller says the company is working to focus on accelerating innovation and scaling its global franchise brands to help navigate the wider economic headwinds. This report by The Canadian Press was first published July 31, 2025.
Yahoo
31-07-2025
- Business
- Yahoo
Spin Master reports second quarter net loss of US$46.5 million
TORONTO — Spin Master Corp. reported a second-quarter loss as it said it had revenue pressure related to tariffs, and is working to position itself to navigate the broader macroeconomic headwinds. The Toronto-based children's entertainment company, which reports in U.S. dollars, says it lost US$46.5 million in the second quarter, compared with a loss of US$24.5 million in the same quarter last year. On an adjusted basis, the company said it lost US$7.4 million, or seven cents per diluted share in the quarter, compared with a US$9.6 million adjusted profit, or nine cents per share, in the period last year. Revenue totalled US$400.7 million, compared to US$412 million in the same quarter last year. Chief executive Christina Miller says in a statement that revenue was down as the company experienced a shift in retailer ordering patterns driven by global tariffs, while double-digit growth in its digital games segment helped offset some of the pressure. Miller says the company is working to focus on accelerating innovation and scaling its global franchise brands to help navigate the wider economic headwinds. This report by The Canadian Press was first published July 31, 2025. Companies in this story: (TSX:TOY) The Canadian Press
Winnipeg Free Press
31-07-2025
- Business
- Winnipeg Free Press
Spin Master reports second quarter net loss of US$46.5 million
TORONTO – Spin Master Corp. reported a second-quarter loss as it said it had revenue pressure related to tariffs, and is working to position itself to navigate the broader macroeconomic headwinds. The Toronto-based children's entertainment company, which reports in U.S. dollars, says it lost US$46.5 million in the second quarter, compared with a loss of US$24.5 million in the same quarter last year. On an adjusted basis, the company said it lost US$7.4 million, or seven cents per diluted share in the quarter, compared with a US$9.6 million adjusted profit, or nine cents per share, in the period last year. Revenue totalled US$400.7 million, compared to US$412 million in the same quarter last year. Chief executive Christina Miller says in a statement that revenue was down as the company experienced a shift in retailer ordering patterns driven by global tariffs, while double-digit growth in its digital games segment helped offset some of the pressure. Miller says the company is working to focus on accelerating innovation and scaling its global franchise brands to help navigate the wider economic headwinds. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 31, 2025. Companies in this story: (TSX:TOY)
Toronto Star
31-07-2025
- Business
- Toronto Star
Spin Master reports second quarter net loss of US$46.5 million
TORONTO - Spin Master Corp. reported a second-quarter loss as it said it had revenue pressure related to tariffs, and is working to position itself to navigate the broader macroeconomic headwinds. The Toronto-based children's entertainment company, which reports in U.S. dollars, says it lost US$46.5 million in the second quarter, compared with a loss of US$24.5 million in the same quarter last year.
Hamilton Spectator
31-07-2025
- Business
- Hamilton Spectator
Spin Master reports second quarter net loss of US$46.5 million
TORONTO - Spin Master Corp. reported a second-quarter loss as it said it had revenue pressure related to tariffs, and is working to position itself to navigate the broader macroeconomic headwinds. The Toronto-based children's entertainment company, which reports in U.S. dollars, says it lost US$46.5 million in the second quarter, compared with a loss of US$24.5 million in the same quarter last year. On an adjusted basis, the company said it lost US$7.4 million, or seven cents per diluted share in the quarter, compared with a US$9.6 million adjusted profit, or nine cents per share, in the period last year. Revenue totalled US$400.7 million, compared to US$412 million in the same quarter last year. Chief executive Christina Miller says in a statement that revenue was down as the company experienced a shift in retailer ordering patterns driven by global tariffs, while double-digit growth in its digital games segment helped offset some of the pressure. Miller says the company is working to focus on accelerating innovation and scaling its global franchise brands to help navigate the wider economic headwinds. This report by The Canadian Press was first published July 31, 2025. Companies in this story: (TSX:TOY)
