Disney Makes Money But Disney's Games Don't

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DisneyThe Walt Disney Company announced its financial results for its fiscal third quarter ended July 2, 2011. Disney made plenty of money (the company reported net income in the billions), but FI readers are probably most interested in the company's Interactive Media segment that includes Disney's video game operations. Read on for more details...
For the fiscal third quarter ended July 2, 2011, Disney's Interactive Media segment reported a loss of $86 million (compared to a loss of $65 in the same quarter the previous year) on $251 million of revenues (compared to $197 million of revenues in the same quarter the prior year). Interactive Media was the only Disney segment to report an operating loss in the quarter.

Disney noted that the loss was driven by the acquisition of Playdom. The company also reported that its console game business improved somewhat thanks to higher sales and lower marketing costs.

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This page contains a single entry by Editor published on August 10, 2011 8:52 AM.

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