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Investing.com -- JAKKS Pacific , Inc. (NASDAQ:JAKK) saw its stock soar 18.4% after reporting first quarter earnings that significantly beat analyst expectations. The toy maker posted a narrower-than-expected loss and revenue that surpassed estimates, driven by strong demand for products related to recent film releases.
For Q1 2025, JAKKS reported an adjusted loss of $0.03 per share, compared to the analyst consensus for a loss of $1.31 per share. Revenue jumped 26% YoY to $113.3 million, well above estimates of $94.9 million.
The company’s gross margin improved substantially to 34.4% from 23.4% in Q1 2024, helped by better margins on new product launches and reduced inventory obsolescence expenses. Operating loss narrowed to $3.8 million from $21.3 million a year ago.
"We are happy to share our results after a strong start to the year at JAKKS. We’ve seen great consumer reaction year-to-date with solid consumer sales across major accounts and major markets," said Stephen Berman, Chairman and CEO of JAKKS Pacific.
North America sales rose to $92.2 million from $73.8 million last year, while international sales grew to $21.0 million from $16.3 million, led by over 100% growth in Europe.
The company maintained a strong liquidity position with cash and cash equivalents of $59.4 million as of March 31, 2025, up from $35.5 million a year ago. JAKKS also declared a quarterly dividend of $0.25 per share.
While noting some challenges in the U.S. market in April, management expressed confidence in the company’s global presence and financial strength to navigate uncertainties and pursue growth opportunities.
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