Disney Interactive Sees Big Financial Boost in Q4
Posted by Tim Latshaw
Disney Infinity is keeping this steamboat chugging
Disney Interactive has been a financially struggling arm of the Walt Disney Company, but its investment in Disney Infinity is showing a significant payout as more game consumers are putting their money where the mouse is.
According to Disney's latest earnings report, Disney Interactive pulled in $396 million in revenue in their fourth quarter ending 28th September, 2013, an increase of $205 million over Q4 2012. When factoring in operating costs, Disney Interactive made a profit of $16 million for the quarter, much better than the loss of $76 million posted the same time last year.
Disney is primarily attributing its Interactive division's success to the release of Disney Infinity, but also notes increased success in its Japanese mobile business.
Disney Interactive still closes the fiscal year at an overall operating loss of $87 million, but that is still a vast improvement over the loss of $216 million posted in fiscal year 2012.
Do you think Infinity will continue driving Disney Interactive out of the red? Let us know below.