Wed, May 08, 2013 | 14:28 BST
Disney Q2: Interactive division posts increased revenue of 8% to $194 million
Disney has reported its Q2 financials, and overall the company reported a 32% increase in net income during the January-March quarter.
Net income grew to $1.51 billion, and revenue grew 10% to $10.55 billion – topping the $10.49 billion expected by analysts.
Since Disney acquired Lucasfilm in December for $4.06 billion, and thus outsourced production of its console video games, you’re likely to hear less regarding the firm’s gaming sector from here on out until Disney Infinity is released and numbers are derived from its sales.
The interactive division, which houses its video games, had increased revenue of 8% to $194 million and segment operating results improved by $16 million to a loss of $54 million.
Higher operating results were due to growth via its Japan mobile business from a licensing agreement that started in February 2012 and lower acquisition accounting expense at its social games business.