What happened Shares of Genius Brands (NASDAQ: GNUS) were falling 5% in morning trading Tuesday after the children's media company released its third-quarter earnings report following yesterday's market close. So what The media company showed just $274,000 in revenue for the period, a more than 90% decline in revenue compared to the year-ago period. Last year it delivered the second season of the animated kids show Llama Llama 2 to Netflix (NASDAQ: NFLX), but had no corresponding deals this time around. Image source: Getty Images. What it did have was enormous amounts of stock dilution, as shares outstanding ballooned from 11.2 million to almost 219 million. Its net loss narrowed slightly from the year-ago period as it significantly cut operating costs, but its loss of $0.01 per share was dramatically smaller because it was masked by the dilution. Last year its results also looked worse because of a beneficial conversion feature on preferred stock. Now what In addition to reporting earnings yesterday, Genius Brands also said it had acquired public relations outfit ChizComm and released a letter from CEO Andrew Heyward in which he said the company was working with Disney's (NYSE: DIS) Marvel Studios "on an important Stan Lee initiative" that it would announce soon. Genius Brands is known for its often breathless pronouncements, and though it does have rights to create the Stan Lee Universe, it's with the artist's unknown characters developed after his deal with Marvel. 10 stocks we like better than GENIUS BRANDS INTL.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and GENIUS BRANDS INTL. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Netflix and Walt Disney and recommends the following options: long January 2021 $60 calls on Walt Disney and short January 2021 $135 calls on Walt Disney. The Motley Fool has a disclosure policy.Source