Kartoon Studios(TOON) - 2024 Q3 - Quarterly Results

Exhibit 99.1 KARTOON STUDIOS ACHIEVES SECOND CONSECUTIVE QUARTER OF SEQUENTIAL REVENUE GROWTH AND 57% YEAR-OVER-YEAR REDUCTION IN DIRECT OPERATING COSTS FOR Q3 2024 80% YEAR-OVER-YEAR REDUCTION IN LOSSES; COMPANY POISED FOR CONTINUED REVENUE GROWTH AND REACHING SUSTAINED PROFITABILITY IN 2025 WITH REBOUND IN ANIMATION PRODUCTION PIPELINE AND CONTINUING PROFIT IN CHILDREN'S CHANNEL SYSTEM LARGEST REVENUE UNIT, MAINFRAME, SURGING WITH 145 EPISODES IN PRODUCTION FOR NETFLIX, DISNEY, SONY, SPINMASTER, AND MULTI ...