Kartoon Studios Chairman & CEO Andy Heyward Says "Following A Transformative 2023 Where We Established A Foundation For Long-Term Growth And Sustainable Profitability, We Reduced Operational Losses In Q1 Of 2024, And Now Project Profitability In Q2 2025"

Andy Heyward, Chairman & CEO of Kartoon Studios, stated: "Following a transformative 2023 where we established a foundation for long-term growth and sustainable profitability, we reduced operational losses in the first quarter of 2024, and now project profitability in Q2 2025, as the animated brands and channels continue to expand and grow. Our Chief Financial Officer Brian Parisi's rapid implementation of strict cost discipline since joining us in September 2023 continues to positively affect our bottom line."