on Tonies SE (isin : LU2333563281)
Tonies SE Reports 21% Revenue Growth in Q3 2024
Tonies SE, a leading digital audio platform for children, has reported a 21% increase in revenue for the third quarter of 2024, reaching EUR 95.3 million. For the first nine months, revenue grew by 26.2% to EUR 242.1 million. The growth is largely attributed to international expansion, particularly in North America where sales increased by 40.3%.
The company has expanded its product portfolio with new franchises like Lalalinos and educational products such as Book Tonies. Additionally, tonies has reinforced its market position by increasing retail presence and diversifying its supply chain.
Chief Experience Officer Ginny McCormick's appointment aims to strengthen Tonies' global brand identity. The company reaffirms its full-year revenue guidance for 2024, expecting a revenue increase of more than 33% and significant contributions from North America.
R. P.
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