The latest announcement is out from Spin Master ( (TSE:TOY) ).
Spin Master Corp. reported a significant increase in revenue for 2024, reaching over $2.2 billion, an 18.8% rise from the previous year. The company’s strategic integration of Melissa & Doug contributed to this growth, with notable revenue and adjusted EBITDA increases. Spin Master also achieved substantial net cost synergies and maintained a strong cash flow, supporting its capital allocation strategy. Looking ahead, the company anticipates continued growth in toy sales and revenue, driven by innovation and a robust entertainment content pipeline.
More about Spin Master
Spin Master Corp. is a leading global children’s entertainment company known for its innovative toys, digital games, and engaging entertainment content. The company focuses on creating magical play experiences and enhancing value through its diverse product offerings, including the integration of Melissa & Doug.
YTD Price Performance: -7.34%
Average Trading Volume: 55,102
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.2B
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