Spin Master Reports Q1 2017 Financial Results

Spin Master Corp LogoSpin Master Corp. reported financial results for the first quarter ended March 31, 2017.

Highlights include a $227.7 million in revenue, a 40.8 percent increase from the same period last year. Excluding revenue from Swimways, acquired in Q3 last year, Q1 revenue grew 19.8 percent. In constant currency, revenue increased by 42.6 percent. [Read more...]

Rubie’s Costume Co., Spin Master Partner for Hatchimals Costume Collection

rubies_spin_hatchimalsRubie’s Costume Co. Inc. partnered with Spin Master to produce the official licensed Hatchimal Costume Collection.

Available in child sizes extra small, small, and medium, the Hatchimals Collection will feature hatched and ready to hatch Pengualas and Draggles characters. Each costume is designed with plush fabrics and specific coloring replicating the traits of the Pengualas and Draggles. In addition, Imagine by Rubie’s offers dress-up costumes and accessories for kids in separates and boxed sets. [Read more...]

Spin Master Launches Hatchimals Colleggtibles

hatchawholeworld-1493416000551-null-HRSpin Master Corp. launched Hatchimal Colleggtibles, the latest addition to its Hatchimals line. [Read more...]

Spin Master Appoints Jennifer Dodge to Executive Vice President, Entertainment

Jennifer Dodge returns to Spin Master as the executive vice president of Spin Master Entertainment.

Dodge previously worked with Ronnen Harary, co-chief executive officer and co-founder of Spin Master Ltd. and collaboratively led Spin Master’s Entertainment group for six years before leaving in 2015. Prior to her return, Dodge held the position of SVP Preschool Development for Nickelodeon, where she led the development of original content for Nickelodeon’s preschool programming block and the Nick Jr. channel.

In her new role, Dodge will lead Spin Master’s entertainment group in developing evergreen global entertainment properties, while focusing on creative strategies that position Spin Master for additional growth.

Spin Master Acquires Marbles, Grows Games Portfolio

Marbles_TheBrainStoreSpin Master Corp. acquired Marbles The Brain Store, marking the company’s ongoing efforts to build its games offering, following the 2015 purchase of Cardinal Industries and subsequent acquisition of Editrice Giochi SRL last year. According to the NPD Group, Spin Master is currently among the top three manufacturers in the Games and Puzzles supercategory. [Read more...]

Spin Master Reports Q4 and Full Year 2016 Financial Results

Spin Master Corp LogoSpin Master Corp. announced financial results for the year ended Dec. 31, 2016. Highlights include an increased revenue of $338.4 million, up 30.9 percent from $258.4 million in Q4 2015. Excluding revenue from Swimways Corp., which was acquired in Q3 2016, Q4 revenue grew 26.1 percent.

In Constant Currency terms, revenue increased by 33.9 percent relative to Q4 2015. Gross Product Sales increased 30.9 percent to $376.2 million, compared to $287.5 million in Q4 2015, driven by sales of Paw Patrol and Hatchimals, which more than offset declines in Meccano, Kinetic Sand, and Air Hogs Star Wars products. Excluding Swimways, Gross Product Sales grew 26.3 percent.

Other Revenue, which primarily reflects merchandising royalty and television distribution income from products marketed by third parties using Spin Master’s owned intellectual property, as well as app revenue from Toca Boca and Sago Mini (acquired in Q2 2016), increased 53.8 percent to $12.3 million from US$8.0 million in Q4 2015.

Gross profit in Q4 2016 increased 30.7 percent to $172.0 million, representing 50.8 percent of revenue, compared with $131.6 million, or 50.9 percent of revenue in the comparable period last year, reflecting higher sales volume

Adjusted Net Income was $9.3 million, or $0.09 per share, compared to $6.7 million, or $0.07 per share, in Q4 2015. Adjusted EBITDA was $22.9 million in Q4 2016 compared with US$13.6 million in Q4 2015.

Spin Master Receives U.S., Chinese Patents Covering Hatchimals Technology

HatchimalsPatentSpin Master Corp. was granted a U.S. Patent and a Chinese Utility Model Patent on the innovation behind Hatchimals. The patents generally cover the Hatchimals character emerging from its shell.

Spin Master has patent applications for the Hatchimals technology pending in the European Patent Office, Canada, and other major territories, including additional applications in the U.S.  [Read more...]

TIA Announces Toy of the Year 2017 Winners

Screen Shot 2017-02-18 at 9.52.05 AM

Last night, the Toy Industry Association (TIA) announced the 2017 Toy of the Year award winners at the 17th annual Toy of the Year Awards and Toy Industry Hall of Fame induction ceremony, hosted at The Intrepid Sea, Air & Space Museum in New York City.

Winners in each of the categories include: [Read more...]

Spin Master to Reveal Hatchimals on Hatch Day

hatch daySpin Master Corp. will unveil Hatchimals on Oct. 7, where consumers will be able to see and purchase the toy line for the first time at major retailers and on spinmaster.com.

Hatchimals integrate the company’s technology to bridge multiple play patterns. So far, Spin Master has only revealed the toy’s egg-shaped exterior publicly. Kids will be able to select the color and species of the Hatchimal egg, but what’s inside will only be revealed by holding and hatching the egg.

Spin Master, Cepia Sign Global Distribution Partnership

Spin Master Corp LogoSpin Master Corp. has acquired the exclusive global manufacturing and distribution rights for certain Cepia LLC product lines, including the relaunch of ZhuZhu Pets. The agreement also provides Spin Master the opportunity to negotiate the distribution rights to additional new products from Cepia’s Blue Whale Development. [Read more...]