Genius Brands Announces 585% Year-Over-Year Increase in Revenue for the Third Quarter of 2021
November 15 2021 - 9:15AM
Genius Brands International, Inc.
(“Genius Brands” or the
“Company”) (NASDAQ: GNUS), a global brand management
company that creates, produces, broadcasts, and licenses
entertainment content for children, filed its Form 10-Q for the
period ending September 30, 2021, and provided a business update in
the form of a letter to shareholders from the Company’s Chairman
& CEO, which is available on the blog section of the Company’s
website.
Q3 2021 highlights:
- 585% increase in revenue to $1.9
million for Q3’21 versus $0.3 million for the same period last
year.
- Acquisition of WOW! Unlimited Media progressing as
planned; WOW!’s last-twelve-months (LTM) revenues (as of June 30,
2021) as previously disclosed by WOW!, were over $56 million; the
acquisition will grow the Company’s LTM pro-forma revenue by over
1100%*.
- $130.2 million of cash, cash
equivalents and marketable securities.
- Kartoon Channel! drove a 512%
sequential increase in Application Installs from Q2‘21 to
Q3‘21;
- Kartoon Channel! also saw a 229%
increase in Unique Users from Q3’20 to Q3‘21, and a 294% increase
in total Ad Impressions from Q3’20 to Q3’21
- Kartoon Channel’s growing
viewership continues to be #1 user ranked kids streaming service in
both the Apple and Android app stores, ahead of Disney+ Netflix,
YouTube Kids, Cartoon Network, and Nickelodeon.
- Continuing growth on Samsung and LG
Smart TVs, as well as Roku, and new distribution on PLUTO.
- Leading program content
acquisitions including Peppa Pig, My Little Pony, and PJ Masks,
power growth.
- Launch of Spanish language program
service, “KC! EN ESPANOL” meets strong reception and breaks into
Kartoon Channel!’s top ten.
- RAINBOW RANGERS sold into leading
broadcast platforms worldwide, including Netflix, HBO Max,
Paramount+, NICK Jr., in addition to Kartoon Channel.
- New Rainbow Ranger master toy
license, to release toys in Q3’22.
- STAN LEE’S SUPERHERO KINDERGARTEN
starring Arnold Schwarzenegger grows to over 75 million views to
date, continuing strong performance.
- SHAQ’S GARAGE in production and on
track to air in Q2’22.
- CHIZCOMM/BEACON, media and
marketing subsidiary, signs four new clients; positioned for strong
post-pandemic growth, as industry migrates from linear television
to multi-channel digital platforms.
- STAN LEE CENTENNIAL BRAND
positioned for December 2022 launch at retail.
A link to the CEO letter is available online at:
https://www.gnusbrands.com/q3ceoletter
*Based on reported LTM for Genius Brands as of
September 30, 2021, and Wow! Unlimited Media as of June 30,
2021.
About Genius Brands
InternationalGenius Brands International, Inc. (Nasdaq:
GNUS) is a leading global kids media company developing, producing,
marketing and licensing branded children’s entertainment properties
and consumer products for media and retail distribution. The
Company’s ‘content with a purpose’ portfolio includes Stan Lee’s
Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon
Channel!; KC Pop Quiz, starring Casey Simpson, Kartoon Channel’ s
newest offering; Shaq’s Garage, starring Shaquille O’Neal, coming
to Kartoon Channel! in 2022; Rainbow Rangers on Kartoon Channel!
and Netflix; Llama Llama, starring Jennifer Garner, on Netflix;
award-winning toddler brand Baby Genius; adventure comedy STEM
series Thomas Edison's Secret Lab; and entrepreneurship series
Warren Buffett's Secret Millionaires Club. Through licensing
agreements with leading partners, characters from Genius Brands’ IP
also appear on a wide range of consumer products for the worldwide
retail marketplace. The Company’s new Kartoon Channel!, Kartoon
Classroom! and ¡KC! En Español, are available in over 100 million
U.S. television households via a broad range of distribution
platforms, including Comcast, Cox, DISH, Pluto TV, Sling TV, Amazon
Prime, Amazon Fire, Apple TV, Apple i0s, Android TV, Android Mobil,
Google Play, Xumo, Roku, Tubi, KartoonChannel.com, Samsung Smart
TVs and LG TVs. For additional information, please visit
www.gnusbrands.com.
Forward Looking Statements: Certain statements in this press
release constitute "forward-looking statements" within the meaning
of the federal securities laws. Words such as "may," "might,"
"will," "should," "believe," "expect," "anticipate," "estimate,"
"continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. While the
Company believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation, our ability
to generate revenue or achieve profitability; our ability to obtain
additional financing on acceptable terms, if at all; the potential
issuance of a significant number of shares, which will dilute our
equity holders; fluctuations in the results of our operations from
period to period; general economic and financial conditions; our
ability to anticipate changes in popular culture, media and movies,
fashion and technology; competitive pressure from other
distributors of content and within the retail market; our reliance
on and relationships with third-party production and animation
studios; our ability to market and advertise our products; our
reliance on third-parties to promote our products; our ability to
keep pace with technological advances; our ability to protect our
intellectual property and those other risk factors set forth in the
“Risk Factors” section of the Company’s most recent Annual Report
on Form 10-K and in the Company's subsequent filings with the
Securities and Exchange Commission (the "SEC"). Thus, actual
results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
MEDIA CONTACT:pr@gnusbrands.com
INVESTOR RELATIONS
CONTACT:
ir@gnusbrands.com
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