Kartoon Studios, Inc. Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Total Revenues:
Content Production and Distribution	$	9,437		$	7,518		$	18,074		$	12,710
Media Advisory and Advertising Services		842			866			1,709			1,752
Total Revenues	$	10,279		$	8,384		$	19,783		$	14,462

Net Loss:
Content Production and Distribution	$	(5,505	)	$	(5,696	)	$	(11,531	)	$	(12,435	)
Media Advisory and Advertising Services		(658	)		(177	)		(1,158	)		(483	)
Total Net Loss Attributable to Kartoon Studios, Inc.	$	(6,163	)	$	(5,873	)	$	(12,689	)	$	(12,918	)

Schedule of segments by geographic area
	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Total Revenues:
United States	$	4,889	$	4,304	$	9,615	$	7,485
Canada		3,734		1,808		6,761		1,948
United Kingdom		1,618		2,240		3,330		4,799
Other		38		32		77		230
Total Revenues	$	10,279	$	8,384	$	19,783	$	14,462

Schedule of segment allocations
	Three Months Ended June 30, 2025
	Content Production and Distribution			Media Advisory and Advertising			Total

Revenue	$	9,437		$	842		$	10,279

Less Operating Expenses:
Selling, Marketing and Direct Operating Costs		7,212			70			7,282
General and Administrative Expenses		4,176			1,252			5,428
Other Expenses		–			8			8
Segment results:	$	(1,951	)	$	(488	)	$	(2,439	)

Reconciliation of net (loss) income:
Depreciation Expense	$	685		$	43		$	728
Interest Expense		165			–			165
Stock Based Compensation		48			–			48
Tax provision		–			–			–
Other		2,760			127			2,887
Net Loss Attributable to Non-Controlling Interests		(104	)		–			(104	)

Net Loss Attributable to Kartoon Studios, Inc.	$	(5,505	)	$	(658	)	$	(6,163	)

	Six Months Ended June 30, 2025
	Content Production and Distribution			Media Advisory and Advertising			Total

Revenue	$	18,074		$	1,709		$	19,783

Less Operating Expenses:
Selling, Marketing and Direct Operating Costs		14,002			148			14,150
General and Administrative Expenses		7,849			2,520			10,369
Other Expenses		–			8			8
Segment results:	$	(3,777	)	$	(967	)	$	(4,744	)

Reconciliation of net (loss) income:
Depreciation Expense	$	1,324		$	90		$	1,414
Interest Expense		293			–			293
Stock Based Compensation		136			–			136
Tax Provision		–			–			–
Other		6,170			101			6,271
Net Loss Attributable to Non-Controlling Interests		(169	)		–			(169	)

Net Loss Attributable to Kartoon Studios, Inc.	$	(11,531	)	$	(1,158	)	$	(12,689	)

	Three Months Ended June 30, 2024
	Content Production and Distribution			Media Advisory and Advertising			Total

Revenue	$	7,518		$	866		$	8,384

Less Operating Expenses:
Selling, Marketing and Direct Operating Costs		6,061			75			6,136
General and Administrative Expenses		4,736			1,193			5,929
Other Expenses		–			–			–
Segment results:	$	(3,279	)	$	(402	)	$	(3,681	)

Reconciliation of net (loss) income:
Depreciation Expense	$	765		$	51		$	816
Interest Expense		246			–			246
Stock Based Compensation		164			–			164
Tax provision		–			–			–
Other		1,292			(276	)		1,016
Net Loss Attributable to Non-Controlling Interests		(50	)		–			(50	)

Net Loss Attributable to Kartoon Studios, Inc.	$	(5,696	)	$	(177	)	$	(5,873	)

	Six Months Ended June 30, 2024
	Content Production and Distribution			Media Advisory and Advertising			Total

Revenue	$	12,710		$	1,752		$	14,462

Less Operating Expenses:
Selling, Marketing and Direct Operating Costs		10,818			88			10,906
General and Administrative Expenses		9,861			2,477			12,338
Other Expenses		–			5			5
Segment results:	$	(7,969	)	$	(818	)	$	(8,787	)

Reconciliation of net (loss) income:
Depreciation Expense	$	1,673		$	105		$	1,778
Interest Expense		446			3			449
Stock Based Compensation		–			–			–
Tax provision		390			–			390
Other		2,026			(443	)		1,583
Net Loss Attributable to Non-Controlling Interests		(69	)		–			(69	)

Net Loss Attributable to Kartoon Studios, Inc.	$	(12,435	)	$	(483	)	$	(12,918	)