If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Disney Q3 shows increased revenue but greater losses

Disney Interactive has posted a loss of $86 million for the quarter ending July 2 despite noting an improvement in its console business.

The losses come in defiance of a 27 percent increase in revenue to $251 million.

Disney once again blamed the lack of profits on the $600 million acquisition of Playdom, citing ongoing accounting costs, but said relief on the console side helped.

"The improvement at our console games business reflected higher unit sales and lower marketing costs. The increase in unit sales was driven by the performance of Lego Pirates Of The Caribbean and Cars 2 in the current quarter compared to Toy Story 3 and Split Second in the prior year."

Fees paid to Lego Pirates of the Carribean developer Traveller's Tales were said to have "partially offset" profits.

Disney as a whole had a better result than the Interactive division, noting increases in both revenue and profit. The Interactive division also posted a loss in its second quarter.

Thanks, Edge.

Tagged With

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

Comments

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch