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What's Going On With Kartoon Studios Stock Today?

Kartoon Studios Inc (AMEX:TOON) shares are trading higher. The company reported financial results on Wednesday and announced the launch of the Stan Lee store on Amazon.com. What Happened: Kartoon Studios reported fourth-quarter revenue of $8.8 million and full-year 2023 revenue of $44.1 million. The company said its streaming platform Kartoon Channel! was key to its 2023's results after it reached a break-even point for operating income in the fourth quarter of last year. In comparison, it took Netflix Inc (NASDAQ:NFLX) six years to break even, the company said. Paid subscribers for Kartoon Channel! grew 19% in 2023 versus the previous year. “Kartoon ...