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 +3 Canadians returning from Cuba amid energy crisis due to U.S. oil blockade +3 From plants to a pool: Sprucing up your backyard while keeping costs in check Israeli doctors hold 'warning strike,' caution that judicial overhaul threatens health care system Toronto play 'The Bidding War' taps into city's real estate anxiety One year after news ban, Facebook important source for weather updates in disasters +4 The Cannes Film Festival has started. Here are 5 things that happened on its first day BMO announces agreement to sell its transportation and vendor financing businesses S&P/TSX composite down slightly as energy stocks slide, U.S. stock markets rise House committee hears testimony on DC health data breach Pandemic business loan program lacked 'value for money': auditor general You might be interested in Former child actor Daveigh Chase, 'The Ring' villain and Lilo voice, dies at 35 IRCC pauses processing some citizenship by descent cases as department probes issues +5 ‘This is nuts’: The hard-fought race to build Canada’s next submarine fleet +2 Suspect fought with neighbour about shed before 2 Saskatchewan Mounties shot: witness ¹ú²úÓÕ»ó¸£Àû How credit unions are helping Canadians break into the housing market Most Canadians grow up with the dream of owning their own home—a milestone that me… Events Coming Up in June Similar Stories Lawmakers demand answers as turmoil over Reflecting Pool repair continues Dredging of Vancouver's Burrard approved to make room for big oil tankers Captain's 'medical issue' on Air Canada flight forces diversion of Halifax flight
How credit unions are helping Canadians break into the housing market Most Canadians grow up with the dream of owning their own home—a milestone that me…
