Spin Master (TSE:TOY) has released an update.
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Spin Master Corp., a prominent global children’s entertainment company, reported a 7.9% revenue increase in Q4 2023, overcoming a challenging macroeconomic environment. The company achieved a yearly revenue of $1.9 billion and a record $419 million in Adjusted EBITDA, ending the year with substantial liquidity, including over $705 million in cash. Spin Master also completed the acquisition of Melissa & Doug, strengthening its position for long-term, profitable growth.
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