Spin Master earns US$21.1 million in fourth quarter as revenues rise

Ms. Rachel Sing & Speak Dolls from Spin Master are displayed at the TTPM 2024 Holiday Showcase event in New York on Sept. 17, 2024. THE CANADIAN PRESS/AP, Richard Drew

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TORONTO - Spin Master Corp. says it earned US$21.1 million in the fourth quarter.

That's up from a loss of US$30.1 million a year earlier.

Revenues for the toy and entertainment company totalled US$649.1 million, up from US$502.6 million during the fourth quarter of 2023. 

Diluted earnings per share were 20 cents US, up from a loss of 29 cents US. 

Earnings for the full 2024 financial year came to US$81.9 million, down from US$151.4 million in 2023. 

Spin Master says it expects revenues to increase four to six per cent in 2025. 

This report by ºÚÁϳԹÏÍø was first published Feb. 24, 2025.

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