TORONTO – Spin Master Corp. reported a first-quarter loss of US$32.0 million compared with a loss of US$24.5 million a year earlier as its revenue dropped more than 30 per cent.
The Toronto-based toy company, which keeps its books in U.S. dollars, says the loss amounted to 32 cents US per share for the quarter ended March 31 compared with a loss of 24 cents US per share a year earlier.
On an adjusted basis, Spin Master says it lost 24 cents US per share in its latest quarter compared with a loss of 12 cents US per share in the same quarter last year.
Revenue for the quarter totalled US$328.5 million, down from US$359.3 million in the first quarter of 2025 when it saw customers rush to get orders in ahead of U.S. tariffs.
Toy revenue in the quarter totalled US$240.9 million, down from US$273.7 million a year ago, while entertainment revenue amounted to US$40.8 million, up from US$37.8 million in the same quarter last year.
Digital games revenue was $46.8 million, down from $47.8 million in the first quarter of 2025.
This report by The Canadian Press was first published April 30, 2026.
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