Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.24.3
Segment Reporting
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting

Note 21: Segment Reporting

 

The Company’s Chief Operating Decision Maker (“CODM”) uses revenue and net earnings to evaluate the profitability and performance of each operating segment. All other financial information is reviewed by the CODM on a condensed consolidated basis. The CODM does not evaluate the operating segments using asset information and it is therefore not disclosed. All expenses directly attributable to each reportable segment are included in the operating results for each segment. However, the CODM does not evaluate the expenses by operating segment and, therefore, it is not separately presented.

 

The following table presents the revenue and net earnings within the Company's two operating segments (in thousands):

 

                               
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2024     2023     2024     2023  
Total Revenues:                                
Content Production & Distribution   $ 7,283     $ 9,075     $ 19,993     $ 32,456  
Media Advisory & Advertising Services     1,425       997       3,177       2,820  
Total Revenues   $ 8,708     $ 10,072     $ 23,170     $ 35,276  
                                 
Net Loss:                                
Content Production & Distribution   $ (2,395 )   $ (14,947 )   $ (14,830 )   $ (50,113 )
Media Advisory & Advertising Services     338       (529 )     (145 )     (1,616 )
Total Net Loss Attributable to Kartoon Studio, Inc.   $ (2,057 )   $ (15,476 )   $ (14,975 )   $ (51,729 )

 

Geographic Information

 

The following table provides information about disaggregated revenue by geographic area (in thousands):

 

                               
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2024     2023     2024     2023  
Total Revenues:                                
United States   $ 5,005     $ 5,536     $ 12,490     $ 21,537  
Canada     1,615       2,093       3,563       7,496  
United Kingdom     1,909       2,381       6,708       5,972  
Other     179       62       409       271  
Total Revenues   $ 8,708     $ 10,072     $ 23,170     $ 35,276