08:55 AM EDT, 07/31/2025 (MT Newswires) -- Spin Master ( SNMSF ) , a global children's entertainment company, on Thursday reported a widened net loss and a decline in revenue for the second quarter citing a shift in retailer ordering patterns driven by global tariffs.

The company reported net loss of US$46.5 million or loss of $0.46 for the three months ended June 30, compared with loss of $24.5 million or $0.24 per share a year earlier. But adjusted loss per diluted share for Q2 was US$0.07 versus adjusted income per diluted share of $0.09 a year-ago, missing a consensus estimate compiled by FactSet of $0.08 in adjusted income per diluted share.

Revenue for the quarter decreased by 2.7% to US$400.7 million compared with US$412.0 million, a year-ago, primarily due to a decrease in Toy revenue because of a temporary slowdown in U.S. retailer orders early in Q2, but was partially offset by an increase in Digital Games revenue.

"Looking ahead, we are positioning Spin Master ( SNMSF ) to navigate broader macroeconomic headwinds by remaining sharply focused on the consumer, accelerating innovation, scaling our global franchise brands, and unlocking new opportunities through our creative centres - laying the foundation for long-term, sustainable growth," said Spin Master ( SNMSF ) Chief Executive Christina Miller.

The company also declared a dividend of C$0.12 per outstanding subordinate voting share and multiple voting share, unchanged from the prior quarter and payable on October 10, to shareholders of record at the close of business on September 26.

Shares of the company closed down 0.8% to $24.93 on Wednesday on the Toronto Stock Exchange.