Spin Master Reports Strong Q2 Performance and Reaffirms Full-Year Guidance
Spin Master reported second-quarter results that exceeded expectations, driven by a 9% increase in consolidated revenue and an impressive 80% surge in adjusted EBITDA. The toy business saw robust growth of 12%, supported by strong core brands like PAW Patrol, Monster Jam, and GUND, as well as $40 million in orders pulled forward from Q3 due to anticipation for the upcoming *PAW Patrol: The Dino Movie*. Management noted that this pull-forward will make third-quarter comparisons more challenging but expects broadly stable revenue. The company also benefited from a $38 million refund of IEEPA tariffs, which contributed significantly to improved profitability. CFO Jonathan Roiter highlighted gross-profit gains and lower marketing costs as additional factors behind the strong performance. Spin Master reaffirmed its full-year 2026 guidance for stable to low-single-digit revenue growth and mid- to upper-single-digit adjusted EBITDA growth despite expected headwinds in Q3, including higher toy costs and entertainment amortization. The *PAW Patrol: The Dino Movie* is central to Spin Master's second-half strategy. Its associated toy line launched online in July with store distribution set for August, supported by a new free-to-play digital game.
Topics: adjusted EBITDA PAW Patrol movie revenue growth toy industry