account_balance NYSE American: TOON

Kartoon Studios is taking Winnie the Pooh and Stan Lee to the next level. Revenue is up 21%.

A vertically integrated entertainment company that creates, produces, streams, and licenses its own content. $39.4M in 2025 revenue with 60%+ of 2026 production already under contract.

AI-animated earnings update featuring management and Winnie the Pooh
AI-Animated Earnings Update Management & tentpole characters present the investor update
trending_up
$39.4M Full-year 2025 revenue, up 21% YoY
movie
$26.8M Production services revenue, up 50% YoY
speed
24% Improvement in operating loss
contract
60%+ 2026 production revenue under contract

Most entertainment companies do one thing. Kartoon Studios does all of it.

From creating original characters to producing animation, streaming it on their own platforms, and licensing it into consumer products, Kartoon Studios owns the entire value chain. Based in Beverly Hills with studios in Toronto and Vancouver, they control 3,800+ episodes of animated content distributed worldwide.

edit_note

Creates its own IP

Original properties with built-in brand equity like Winnie & Friends, Stan Lee Universe, Shaq's Garage, and Rainbow Rangers, all developed and produced in-house.

live_tv

Streams on its own platforms

Kartoon Channel! and Ameba TV are available on Amazon, Pluto, Tubi, Xumo, YouTube, and more. Higher App Store ratings than Netflix, Disney+, and PBS Kids.

handshake

Partners with the biggest names

Licensing, distribution, and co-production deals with Netflix, Amazon, Google, Disney, Sony, Apple, Toho, and Spin Master.

storefront

Licenses across consumer products

Owned IP feeds into retail, publishing, and merchandise programs, converting content into recurring, higher-margin revenue.

ads_click

Runs its own ad sales

In-house advertising infrastructure monetizes streaming audiences directly, keeping more revenue inside the business.

emoji_events

Multi-Emmy award-winning team

Leadership team has produced over 6,000 half-hours of animated content across their careers, plus feature films and leading retail programs.

Where the business is headed.

Production services are scaling, streaming audiences are growing, and owned IP is moving into higher-margin licensing and consumer products.

precision_manufacturing

Production scale

Mainframe Studios provides revenue visibility and service relationships with major entertainment partners.

groups

Audience access

Kartoon Channel! and Ameba continue to expand subscribers, watch time, and cross-platform consumption.

storefront

Franchise monetization

Converting owned IP into higher-margin revenue through consumer products, publishing, and licensing.

Apple App Store ratings showing Kartoon Channel! leading competitors Kartoon Channel! is the top-rated kids content destination in the Apple App Store, ahead of Netflix, Disney+, and PBS Kids.

Their streaming platforms are growing fast. Here's the proof.

group
85% Kartoon Channel! engagement increase YoY in Q1 2026
rocket_launch
206% Ameba engagement increase year over year
play_circle
70% FAST channel watch time growth in Q4 2025
star
#1 Kartoon Channel! leads competitors in Apple App Store ratings
account_balance
$35.8M Current assets at year-end 2025

Key franchises driving the next phase of monetization.

Hundred Acre Wood's Winnie and Friends

Hundred Acre Wood's Winnie & Friends

A global franchise platform with anchor streamer episodes, short-form slate, holiday specials beginning in 2026, and a global consumer products program.

The Excelsiors

The Excelsiors

Part of the Stan Lee Universe, expanding across animation, publishing, licensing, and broader franchise extensions.

Stan Lee's SuperHero Pets

Stan Lee's SuperHero Pets

Multi-platform franchise development across content, licensing, and consumer products.

The CEO co-created Inspector Gadget and has produced over 5,000 episodes of animated TV.

Andy Heyward, Chairman and CEO

Andy Heyward, Chairman & CEO

Emmy Award-winning producer with decades of experience building globally recognized children's entertainment franchises and consumer product programs.

auto_awesome Inspector Gadget co-creator Former Hanna-Barbera writer/editor on Scooby-Doo, The Flintstones, The Jetsons, and The Smurfs.
subscriptions 5,000+ episodes produced Alvin and the Chipmunks, G.I. Joe, Sonic, Care Bears, Sailor Moon, Strawberry Shortcake, The Real Ghostbusters.
emoji_events KidScreen Hall of Fame Multiple Emmy, Humanitas, and Environmental Media awards.
handshake Commercial storytelling Warren Buffett's Secret Millionaires Club and Berkshire Hathaway annual shareholder meeting film.

Want to stay in the loop on TOON?

Get earnings updates, franchise launch news, and SEC filings delivered directly to your inbox.

Follow us: X IG in