Other income rose to USD 31.11 million, driven by USD 39.24 million of Section 16(b) legal settlement income, partly offset by a USD 4 million standstill loss.
Cash rose to USD 7.7 million, while available-for-sale marketable securities climbed to USD 32.8 million following investment of settlement proceeds.
Frederator Networks was sold on July 8 for a USD 500,000 base price; the company expects about a USD 300,000 disposal loss.
Quarterly results and revenue decline
Kartoon Studios swung to net income of USD 27 million in the quarter ended June 30, 2026, from a net loss a year earlier.
Revenue fell 43% to USD 5.82 million on lower production-services activity; direct operating costs dropped 35% to USD 4.63 million.
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