Why Genius Brands Stock Is Rising 4% Today

·1-min read
Why Genius Brands Stock Is Rising 4% Today

Shares of Genius Brands (NASDAQ: GNUS) rose 3.3% in trading Tuesday after the company reported first-quarter results that showed revenue rocketed 218% from the year-ago period, a seemingly robust performance for the children's media company. In a post on the company's website, CEO Andy Heyward discussed the revenue gains, acquisitions, and viewership on its Kartoon! What he failed to say was that the entire increase in revenue was solely the result of Genius Brands' acquisition in February of the public relations, marketing, and media company ChizComm.

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