4Kids released its quarterly financial report. Net income was $1.5 million, down $0.5 million from first quarter 2005.
"Our gains in licensing revenue from Cabbage Patch Kids domestically and Winx Club internationally partially offset declines in licensing revenues from the Yu-Gi-Oh! and Teenage Mutant Ninja Turtles properties," 4Kids Chairman and CEO Al Kahn said in a press release.
4Kids's first quarter net revenue was $19.8 million, compared to $20.3 million in the same period last year.
4Kids's financial report for fiscal 2005 and 4th quarter 2005 can be seen Here
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