08:10 AM EST, 03/05/2026 (MT Newswires) -- Spin Master ( SNMSF ) on Thursday reported lower fourth quarter adjusted EPS and revenue which beat analysts' estimates.

Fourth quarter adjusted net income was US$42.3 million or US$0.41 per share diluted and US$0.43 per share basic, compared to US$57.4 million or US$0.55 per share diluted and US$0.56 per share basic in the corresponding year-ago quarter. The consensus estimates compiled by FactSet for Non GAAP EPS was US$0.37 per share.

The company posted fourth quarter net loss of US$184.3 million or loss of US$1.85 per share basic and diluted, compared to net income of US$21.1 million or US$0.21 per share basic and US$0.20 per share diluted in the corresponding year-ago period.

Fourth quarter revenue was US$618.2 million, compared to US$649.1 million in the year-ago quarter. The consensus estimates compiled by FactSet for sales is US$605.4 million.

The company declared a quarterly dividend of C$0.12 per outstanding subordinate voting share and multiple voting share, unchanged from the prior quarter, payable on April 10, 2026 to shareholders of record at the close of business on March 27, 2026.

For the full year 2026, the company said it expects revenue to have "stable to low single digit percentage growth" compared to 2025 and adjusted EBITDA to have "mid to high single digit percentage growth" compared to 2025.

The company also announced that the Toronto Stock Exchange accepted its notice to launch a normal course issuer bid. Under the bid, the company may repurchase on the open market at its discretion and subject to compliance with applicable securities laws, during the period commencing on March 7, 2026, and ending on the earlier of March 6, 2027, and the completion of purchases under the bid, up to around 2.6 million subordinate voting shares, representing approximately 10% of the "public float", subject to the normal terms and limitations of such bids.

"We navigated a challenging fourth quarter for U.S. toy sales, while increasing our POS, achieving double-digit gains in digital games, and strategically expanding the audience for PAW Patrol ahead of its third movie release," said Christina Miller, Chief Executive Officer of Spin Master ( SNMSF ). "Entering 2026 we are setting the stage to return to sustainable growth by investing in innovation in our core toy portfolio and digital platforms, expanding into higher-growth categories, and accelerating collaboration across our creative centers to unlock the full potential of our portfolio and brands."