DreamWorks Animation Q3 Earnings Fall But Still Beat Analyst Estimates

Can’t say that the studio had a good quarter, but Wall Street is all about expectations and on that score it looks OK with shares up 7.8% post market. DreamWorks Animation generated $10M in net income, down 58.8% compared with last year, on revenues of $154.5M, -17%. Analysts expected revenues to come in at $140.3M. Earnings at 12 cents a share also beat expectations for a penny. The company says it will begin to report its numbers for four segments: feature films, TV series and specials, consumer products, and other. The feature film unit generated $120.7M in revenue and $55.4M in gross profit. Library titles contributed the most, with $52.2M in revenues. Rise Of The Guardians came next with $42.4M, mostly from worldwide pay TV.  Madagascar 3: Europe’s Most Wanted kicked in $10.9M, followed by the summer release Turbo with $6.4M, and 2011′s Puss In Boots with $4.8M. The TV operation had $18.2M in revenue and a $4.2M gross profit, which the company says came mostly from Classic Media content and Cartoon Network’s DreamWorks Dragons: Riders Of Berk.

Related:
Jeff Katzenberg: ‘Turbo’ Will Be Profitable

DreamWorks Animation Shares Slip After Analyst Lowers ‘Turbo’ Forecast
Read More »

Comments (1)

Does Best Buy’s Lousy Quarter Spell Trouble For Media Companies?

By | Tuesday September 13, 2011 @ 11:30am PDT

Investors who are shocked today by Best Buy’s miserable performance in the quarter that ended in August should take a fresh look at Bernstein Research analyst Craig Moffett’s important studies of what he refers to as the media industry’s “looming affordability crisis.” A report out today, synthesizing some of his recent research, notes that once the poorest 40% of the population pays for food, shelter, transportation, and health care “there is nothing left for clothing…for debt service…for cable…or for phone.” If the government cuts entitlement programs then it would “have a profound impact on spending patterns,” Moffett says, that would lead the media industry into “uncharted waters.” Read More »

Comments 49

IMAX Q1 Down Due To Box Office Slump

The box office’s poor performance during the first part of the year has impacted IMAX, too. The giant-screen exhibitor reported first-quarter results this morning that saw revenue and earnings down. “The first quarter lacked event films, particularly compared to the … Read More »

Comments (6)

Sub Gains Boost Time Warner Cable 1Q

By | Thursday April 28, 2011 @ 6:49am PDT

Time Warner Cable revenue grew 5% to $4.8 billion during the first quarter, the nation’s second-largest cable company said today in reporting earnings, citing gains in subscribers to its high-speed broadband and phone services. Net income grew from $214 million … Read More »

Comments (2)