Spin Master reported a net loss of US$184.3-million in its most recent quarter.Nathan Denette/The Canadian Press
Spin Master Corp. TOY-T reported a loss in its latest quarter compared with a profit a year earlier as its revenue fell nearly five per cent.
The toy company, which keeps its books in U.S. dollars, says it lost US$184.3-million or US$1.85 per diluted share for its fourth quarter as it recorded a US$229.1-million non-cash impairment of goodwill and intangible assets.
The loss for the quarter compared with a profit of US$21.1-million or 20 cents US per diluted share in the fourth quarter of 2024.
Revenue totalled US$618.2 million, down from US$649.1-million a year earlier.
On an adjusted basis, Spin Master says it earned 41 cents US per diluted share, down from 55 cents US per diluted share a year earlier.
In its outlook for 2026, Spin Master says it expects stable to low single-digit percentage growth in revenue compared with 2025.