×
  • remind me tomorrow
  • remind me next week
  • never remind me
Subscribe to the ANN Newsletter • Wake up every Sunday to a curated list of ANN's most interesting posts of the week. read more

News
4Kids Entertainment Financials

posted on by Christopher Macdonald
Revenue Drops 10%, Profit Drops 38%

4Kids Entertainment recently announced that their net revenues fell 10% in the first quarter of 2005 compared to the first quarter of 2004, from $22.5 million to $20.3 million. Net Income fell 38% from $3.2 million to $2.0 million.

In 4Kids' quarterly quarterly investor conference call, company CEO Al Kahn stated that the decline in revenue stems largely from a decline in licensing revenue from the Yu-Gi-Oh! series, and declining advertising revenue from 4Kids TV. However ratings for 4Kids TV had improved significantly in the last weeks of the quarter.

Declining revenue from the Yu-Gi-Oh! franchise was cited as a major contributing factor to a 14% decline in 4Kids' net income in 2004 over 2003.

4Kids upcoming release of Yu-Gi-Oh! GX is expected to increase licensing revenue.

Al Kahn also stated that there are fewer opportunities in Japan to license mega-titles like Pokémon and Yu-Gi-Oh! and the company is therefore investing in development of its own series with 3 of them expected to be announced in 2006.

discuss this in the forum (14 posts) |
bookmark/share with: short url

News homepage / archives