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

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
Total Revenues:
Content Production and Distribution	$	8,965		$	7,283		$	27,039		$	19,993
Media Advisory and Advertising Services		912			1,425			2,621			3,177
Total Revenues	$	9,877		$	8,708		$	29,660		$	23,170

Net Loss:
Content Production and Distribution	$	(6,201	)	$	(2,395	)	$	(17,732	)	$	(14,830	)
Media Advisory and Advertising Services		(369	)		338			(1,527	)		(145	)
Total Net Loss Attributable to Kartoon Studios, Inc.	$	(6,570	)	$	(2,057	)	$	(19,259	)	$	(14,975	)

Schedule of segments by geographic area
	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Total Revenues:
United States	$	4,123	$	5,005	$	13,738	$	12,490
Canada		3,626		1,615		10,387		3,563
United Kingdom		2,091		1,909		5,421		6,708
Other		37		179		114		409
Total Revenues	$	9,877	$	8,708	$	29,660	$	23,170

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

Revenue	$	8,965		$	912		$	9,877

Less Operating Expenses:
Selling, Marketing and Direct Operating Costs		7,030			101			7,131
General and Administrative Expenses		3,716			1,153			4,869
Other Expenses		–			–			–
Segment results	$	(1,781	)	$	(342	)	$	(2,123	)

Reconciliation of net (loss) income:
Depreciation Expense	$	688		$	43		$	731
Interest Expense		157			–			157
Stock Based Compensation		42			–			42
Tax provision		–			–			–
Other		3,478			(16	)		3,462
Net Loss Attributable to Non-Controlling Interests		55			–			55

Net Loss Attributable to Kartoon Studios, Inc.	$	(6,201	)	$	(369	)	$	(6,570	)


	Nine Months Ended September 30, 2025
	Content Production and Distribution			Media Advisory and Advertising			Total

Revenue	$	27,039		$	2,621		$	29,660

Less Operating Expenses:
Selling, Marketing and Direct Operating Costs		21,032			249			21,281
General and Administrative Expenses		11,566			3,671			15,237
Other Expenses		–			8			8
Segment results	$	(5,559	)	$	(1,307	)	$	(6,866	)

Reconciliation of net (loss) income:
Depreciation Expense	$	2,012		$	134		$	2,146
Interest Expense		450			–			450
Stock Based Compensation		178			–			178
Tax Provision		–			–			–
Other		9,647			86			9,733
Net Loss Attributable to Non-Controlling Interests		(114	)		–			(114	)

Net Loss Attributable to Kartoon Studios, Inc.	$	(17,732	)	$	(1,527	)	$	(19,259	)


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

Revenue	$	7,283		$	1,425		$	8,708

Less Operating Expenses:
Selling, Marketing and Direct Operating Costs		5,941			115			6,056
General and Administrative Expenses		3,131			1,104			4,235
Other Expenses		–			–			–
Segment results	$	(1,789	)	$	206		$	(1,583	)

Reconciliation of net (loss) income:
Depreciation Expense	$	761		$	48		$	809
Interest Expense		176			–			176
Stock Based Compensation		155			–			155
Tax provision		–			–			–
Other		(422	)		(180	)		(602	)
Net Loss Attributable to Non-Controlling Interests		(64	)		–			(64	)

Net Loss Attributable to Kartoon Studios, Inc.	$	(2,395	)	$	338		$	(2,057	)


	Nine Months Ended September 30, 2024
	Content Production and Distribution			Media Advisory and Advertising			Total

Revenue	$	19,993		$	3,177		$	23,170

Less Operating Expenses:
Selling, Marketing and Direct Operating Costs		16,760			202			16,962
General and Administrative Expenses		12,991			3,582			16,573
Other Expenses		–			5			5
Segment results	$	(9,758	)	$	(612	)	$	(10,370	)

Reconciliation of net (loss) income:
Depreciation Expense	$	2,434		$	153		$	2,587
Interest Expense		623			2			625
Stock Based Compensation		–			–			–
Tax provision		545			–			545
Other		1,603			(622	)		981
Net Loss Attributable to Non-Controlling Interests		(133	)		–			(133	)

Net Loss Attributable to Kartoon Studios, Inc.	$	(14,830	)	$	(145	)	$	(14,975	)