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Spin Master's Q2 Beats Expectations on Toy Growth
1 Aug
Summary
- Spin Master's second-quarter revenue increased 9%, reaching $36 million.
- Toy revenue saw a 12% surge due to early PAW Patrol movie-related orders.
- Profitability was boosted by gross profit gains and tariff refunds.
Spin Master announced that its second-quarter financial results exceeded company expectations. This performance was bolstered by significant growth in its toy division and the positive impact of tariff refunds.
The company's consolidated revenue experienced a 9% increase, amounting to an additional $36 million. This surge was largely attributed to a 12% rise in toy revenue, notably influenced by retailers placing substantial orders ahead of the PAW Patrol: The Dino Movie release.
Profitability metrics showed marked improvement, with adjusted EBITDA rising by 80%, an increase of $23 million. This gain was primarily fueled by a $24 million rise in gross profit, even after accounting for depreciation, amortization, and tariff refunds.
Spin Master also confirmed its financial projections for the full year 2026 remain on track, reflecting the company's sustained confidence in its strategic direction and market position.
