Spin Master reports US$24.5 million loss in second quarter, says CFO to retire Spin Master reports US$24.5 million loss in Q2 Jul 30, 2024 Jul 30, 2024 Updated Jul 30, 2024 SMS Email Spin Master signage is pictured in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj ALL SMS Email Print Copy article link Save TORONTO - Spin Master Corp. says it lost US$24.5 million in its second quarter, down from a profit of US$28 million a year earlier.Revenues for the toy and entertainment company totalled US$412 million, down from US$420.7 million during the same quarter last year.The company says revenues increased in entertainment but were lower in toys and digital games.Diluted earnings per share came in at a loss of 24 cents US, compared with earnings of 26 cents US a year earlier. The company also announced its chief financial officer Mark Segal will retire in the first half of 2025.Spin Master says Segal has been instrumental in the company's international growth, acquisitions, and expansion into digital games.This report by ¹ú²úÓÕ»ó¸£Àû was first published July 30, 2024.Companies in this story: (TSX:TOY) ¹ú²úÓÕ»ó¸£Àû. All rights reserved. SMS Email Print Copy article link Save Tags Business Entertainment Arts More Business Stories Gildan completes HanesBrands acquisition, doubling its scale Hudson’s Bay to sell name, stripes, brands to Canadian Tire for $30 million Boeing withdraws contract offer after talks with striking workers break down Alberta says advisory report shows federal electricity targets are 'reckless' Competition Ltd.: Why big banks dominate Canada's financial landscape Colbert jokes about 'cancel culture' and has a very pointed message for Trump Boeing plane found to have missing panel after flight from California to southern Oregon Champagne's conditions on Rogers-Shaw deal generally positive, analysts say S&P/TSX composite ekes out small gain Friday, U.S. markets fall Tilray Brands reports US$34.7M first-quarter loss, revenue up from year ago You might be interested in +5 'It's ridiculous': U.S. closing historic Border Road to Canadian traffic European Parliament member Rima Hassan says she was denied entry to Canada One dead after helicopter crash in southern New Brunswick, safety board en route +8 Joni Mitchell sings onstage at the Junos, while Drake pays video tribute to Nelly Furtado ¹ú²úÓÕ»ó¸£Àû Events Coming Up in April Events Coming Up in March Similar Stories Spice maker McCormick is combining with Unilever's food division Trump voices frustration with allies as Iran war and strait closure pushes fuel prices higher How one family's bipolar disorder experience led to more than $1 billion for the Broad Institute
