Revenue and Profitability Increase
Spin Master reported a 13.6% increase in revenue to $359 million and an adjusted EBITDA of $21.6 million, up $3 million year-over-year for Q1 2025.
Toy Segment Growth
Toy gross product sales increased by 18.8% year-over-year, driven by innovation, growth in the licensed portfolio, and brands such as Melissa & Doug.
Digital Games Revenue Surge
Digital Games revenue grew by 3.9% to $47.8 million, with an increase in in-game purchases and subscriptions, leading to the highest revenue for digital games in the past 8 quarters.
Strong Financial Position
Spin Master ended Q1 with $153 million in cash, a leverage ratio of 0.8x, and a combined cash balance and credit facility availability of over $500 million.
Successful Cost Management
Achieved $6.5 million in net cost synergies from Melissa & Doug, with an annual target of $25 million to $30 million by the end of 2026.