Sections

Disney Interactive Group reduces losses, revenue up 13% year-over-year

Wednesday, 9th May 2012 15:07 GMT By Stephany Nunneley

Disney Interactive Media Group has reported its Q2 financials and for the period ending March 31, 2102 the games sector of the Walt Disney Company reported revenues of $179 million, which is a 13% increase year-over-year. It also reported an operating loss of $70 million, which was a 39% improvement over last year’s $159 million loss in the same period. Disney has slowly sifted away from console development which has resulted in less spending, and CEO Robert Iger said the firm will continue to spend less, focus on “our core demographic, on mobile platforms,” and expects the Interactive Group to be profitable by 2013. Thanks, GI International.

Breaking news

0 Comments

Sign in to post a comment.