October 30, 2025 — Spin Master Corp. (TSX: TOY) reported its financial results for Q3 2025, with revenue decreasing by 17.0% to $734.7 million due to a decline in Toy Revenue, while Digital Games showed strength.
Operating Income decreased by 25.7% to $151.0 million. Net Income was $106.8 million, or $1.03 per share, compared to $140.1 million, or $1.36 per share, in Q3 2024. The company repurchased shares and declared a quarterly dividend of C$0.12 per share.
Christina Miller, CEO of Spin Master, noted the company’s strong position for the holiday season with key brands featured on retailers’ lists and new content releases. Jonathan Roiter, CFO, mentioned the impact of the macroeconomic environment and tariffs on Toy Revenue, offset by Digital Games’ performance and investments for future growth.
Q3 2025 Adjusted EBITDA was $195.5 million, a decrease of $82.0 million. Adjusted EBITDA Margin was 26.6% compared to 31.3%. Cash provided by operating activities was $62.6 million compared to $74.9 million. Free Cash Flow was $21.6 million compared to $44.7 million.
Subsequent to September 30, 2025, the Company declared a quarterly dividend of C$0.12 per outstanding subordinate voting share and multiple voting share, payable on January 9, 2026.
Subsequent to September 30, 2025, the Company repurchased and cancelled 174,878 subordinate voting shares for $2.5 million.
Christina Miller, CEO
Jonathan Roiter, Chief Financial Officer
Source: Spin Master Corp.
