Spin Master Swings to Profit

By Robb M. Stewart

Spin Master swung to a profit in the latest quarter due to a mix of new products and strong sales of core brands including Paw Patrol and Monster Jam.

The children's entertainment company recorded second-quarter net income of $ 29.7 million, or 29 cents a share, against a year-earlier loss of $46.5 million, or 46 cents.

Earnings before interest, taxes, depreciation and amortization on an adjusted basis came in at $51.6 million for the three months, up $22.9 million on a year prior and beating the $31.8 million mean forecast of analysts polled by FactSet.

Revenue increased 8.9% to $436.4 million from last year's $400.7 million, topping the roughly $418 million mean estimate of analysts.

The Toronto-based company said it continues to expect mid to high single digit percentage growth in adjusted Ebitda for 2026 and stable to low single digit growth in revenue.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

July 30, 2026 07:07 ET (11:07 GMT)