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Disney Interactive posts significant Q2 loss

Thursday, 12th May 2011 05:39 GMT By Jessica Citizen

An unexpected, but significant, loss marks the Disney Interactive Media Group’s second quarter financial statements, and it’s dragged its parent company earnings down with it.

Disney Interactive Studios

While revenue for Disney Interactive Studios increased by 3%, year-on-year, bringing Q2 earnings up from $155 million to $159 million, this wasn’t enough to cancel out the massive losses in operating income. Last year, Q2 reported a $55 million loss. This year, that more than doubled to $115 million.

These losses, Disney explained to Gamasutra are largely thanks to the acquisition of developer Playdom, in a deal worth nearly $600 million.

Looking toward the future, Disney CEO Bob Iger is anticipating profitability in 2013, but explains that it is still “a work in progress”.

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3 Comments

  1. tenthousandgothsonacid

    So, because they bought Playdom they have to lay off most of Black Rock and we don’t get Split/Second 2. Thanks a bunch you mouse fuckers.

    #1 3 years ago
  2. Blerk

    Did they actually release anything last quarter?

    #2 3 years ago
  3. McLovin85

    Probably doesn’t help that they’re releasing rubbish games the whole time.

    #3 3 years ago

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