Kartoon Studios' Kids and Family Streaming Business Records Rapid Growth; Streaming Business Achieves 82% YoY Improvement In First Half Of 2023
Portfolio Pulse from Happy Mohamed
Kartoon Studios (NYSE:TOON) announced its streaming service business, including Kartoon Channel!, has seen significant growth across all major metrics, led by viewership and consumption. The service has achieved 82% YoY improvement in the first half of 2023 and maintains a user ranking of 4.9 in the Apple App Store, outperforming major competitors like YouTube Kids and Disney+. The service is nearing profitability and continues to expand internationally.
August 04, 2023 | 11:19 am
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Kartoon Studios' streaming service business has seen significant growth, outperforming major competitors and nearing profitability. This could positively impact the company's stock price.
The news of significant growth in Kartoon Studios' streaming service business, its outperformance of major competitors, and its nearing profitability is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price.
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