Spin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts sales

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Spin Master Corp. News

Entertainment Company,Mark Segal,The Canadian Press

TORONTO — Spin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 billion a year earlier. The toy and...

TORONTO — Spin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 billion a year earlier.

The acquisition of toy company Melissa & Doug added US$40.4 million to Spin Master's revenue during the quarter. Segal says the company is already starting to capitalize on cost synergies and identify revenue growth opportunities from the acquisition.Kevin O’Leary’s Stock Portfolio: 10 Stock Picks for 2024

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