Disney Infinity doubles quarterly earnings for Disney Interactive

by Danny Cowan on Nov 8th 2013 12:00PM

The release of Disney Infinity drove a 107-percent increase in fourth-quarter revenue for Disney's Interactive division, the company revealed in its quarterly financial report.

Disney notes that its Interactive division took in $396 million in revenue during the quarter ending September 28, 2013. Disney Interactive's revenue totaled $191 million during the fourth quarter of last year.

"Improved operating results for the quarter and year were due to increases at our console games and Japan mobile businesses," the report states. "The increase at our console games business was primarily due to the fourth quarter release of Disney Infinity."

The bounceback follows up on Disney Interactive's $54 million operating income loss in the second quarter of 2013. Disney Infinity represented a significant risk for the division, as parent company Disney passed on the opportunity to produce games based on the Iron Man and Star Wars franchises in order to focus on Infinity's development.

During a conference call this week, Disney CEO Bob Iger revealed that more than one million Disney Infinity Starter Packs were sold across all available platforms since the game's release in August.

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THQ highlights 1.2m uDraw units in Q3 earnings; wants more uDraw, fewer kids movie-based games

by Christopher Grant on Feb 2nd 2011 5:10PM

While a large slate of AAA titles is expected from THQ's Core Games unit in its Q4 2011 and 2012 fiscal periods, its fiscal Q3 2011 (October–December 2010) financial results are all about the less high-profile Kids, Family and Casual Business which had an unexpected hit with the North American release of uDraw Game Tablet for Wii last November. In less than two months, THQ managed to move over 1.2 million units in North America alone; an international release is expected "in the March quarter" (by the end of March this year).

And it's a good thing, too! THQ also "reevaluated the sales potential of games based on its kids movie-based licenses" for its Q3 statement and, "consistent with recent industry trends," it "lowered expectations for this category." That cost the company an impairment of $30.3 million which was excluded from its Q3 non-GAAP results (which we're getting to, hold on!). Instead of licensed kid's games, the Kids, Family and Casual Business is "increasing its focus on popular new play patterns and devices such as Kinect for Xbox 360, PlayStation Move, the uDraw GameTablet and Nintendo 3DS." Makes sense, right?

Now for the numbers: For the three-month quarter ending December 31, 2010, THQ posted net sales of $314.6 million, an eight percent drop year-over-year, resulting in a net loss of $14.9 million compared to a net income of $542,000 in the same period the previous year. In addition to the aforementioned $30.3 million impairment, THQ also excluded "a charge of $9.9 million related to the cancellation of Company of Heroes Online and WWE Online" from its non-GAAP results. So, with those things in mind, THQ reported non-GAAP net income of $28.5 million for the quarter compared with net income of $26.6 million for the prior-year period.

We're on the THQ earnings call now, and will report back any updates.

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