Genius Brands Up 11% After 1Q Results Show Higher Revenue

Dow Jones2023-05-23

By Josh Beckerman

Genius Brands International shares rose 11% to $2.73 Monday as the children's media company reported favorable first-quarter trends including lower customer acquisition costs.

Quarterly revenue rose to $14.2 million from $1.4 million, reflecting acquisitions including Wow Unlimited Media. Loss was 77 cents a share, compared with a loss of 15 cents a share a year earlier.

Genius Brands implemented a cost-cutting plan "aimed at streamlining operations and continuing the path to profitability." Reductions include personnel costs and production spending.

The company provides entertainment content such as "Stan Lee's Superhero Kindergarten" and "Shaq's Garage" and operates Kartoon Channel. It said its subscription base has increased 6% since the fourth quarter, with subscriber watch time up 15% for the same period.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

May 22, 2023 15:16 ET (19:16 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2337567776?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-23 03:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2337567776","market":"hk","top_or_hot":-1,"title":"Genius Brands Up 11% After 1Q Results Show Higher Revenue","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Josh Beckerman \n</p>\n<pre>\n \n</pre>\n<p>\n  Genius Brands International shares rose 11% to $2.73 Monday as the children's media company reported favorable first-quarter trends including lower customer acquisition costs. \n</p>\n<p>\n  Quarterly revenue rose to $14.2 million from $1.4 million, reflecting acquisitions including Wow Unlimited Media. Loss was 77 cents a share, compared with a loss of 15 cents a share a year earlier. \n</p>\n<p>\n  Genius Brands implemented a cost-cutting plan \"aimed at streamlining operations and continuing the path to profitability.\" Reductions include personnel costs and production spending. \n</p>\n<p>\n  The company provides entertainment content such as \"Stan Lee's Superhero Kindergarten\" and \"Shaq's Garage\" and operates Kartoon Channel. It said its subscription base has increased 6% since the fourth quarter, with subscriber watch time up 15% for the same period. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2023 15:16 ET (19:16 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Genius Brands Up 11% After 1Q Results Show Higher Revenue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGenius Brands Up 11% After 1Q Results Show Higher Revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-23 03:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Josh Beckerman \n\n\n \n\n\n  Genius Brands International shares rose 11% to $2.73 Monday as the children's media company reported favorable first-quarter trends including lower customer acquisition ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2337567776","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2337567776","pubTimestamp":1684782960,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Josh Beckerman \n\n\n \n\n\n  Genius Brands International shares rose 11% to $2.73 Monday as the childr","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"1Q业绩显示收入增加后，Genius品牌上涨11%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GNUS":0.9},"content_text":"By Josh Beckerman \n\n\n \n\n\n  Genius Brands International shares rose 11% to $2.73 Monday as the children's media company reported favorable first-quarter trends including lower customer acquisition costs. \n\n\n  Quarterly revenue rose to $14.2 million from $1.4 million, reflecting acquisitions including Wow Unlimited Media. Loss was 77 cents a share, compared with a loss of 15 cents a share a year earlier. \n\n\n  Genius Brands implemented a cost-cutting plan \"aimed at streamlining operations and continuing the path to profitability.\" Reductions include personnel costs and production spending. \n\n\n  The company provides entertainment content such as \"Stan Lee's Superhero Kindergarten\" and \"Shaq's Garage\" and operates Kartoon Channel. It said its subscription base has increased 6% since the fourth quarter, with subscriber watch time up 15% for the same period. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2023 15:16 ET (19:16 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2337567776"}