Disney Interactive Q3s: Toy Story 3, Epic Mickey drive 58% revenue rise

By Brenna Hillier, Wednesday, 9 February 2011 00:39 GMT

The Walt Disney Company has posted its financials for the quarter ending December 31, with gaming division Disney Interactive reporting dramatically increased revenues thanks to a stronger holiday line up line up, but an overall loss of $13 million.

Junction Point’s Epic Mickey and Toy Story 3 drove holiday sales to increase revenue by 58 percent over 2009’s results, to $349 million.

Nevertheless, losses for the quarter reached $13 million, a 13 percent increase over the previous quarter. Disney are likely disappointed by this backtrack after steadily improving losses throughout 2010.

Disney Interactive’s profitability was heavily impacted by the acquisition of casual portal Playdom in July for a reported $763.2 million.

Other divisions of The Walt Disney Company fared better, with the parent company reporting a ten percent revenue strengthening to $10.7 billion, and net income up 54 percent to $1.3 billion.

Disney Interactive recently announced a shift into digital-only publishing, after dramatic layoffs.

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