Disney Infinity Success Pushes Disney Interactive Profits - News/ 2,744 Views
The Walt Disney Company has released its report for the third fiscal quarter, which ended June 30, 2014. The company earned $12.47 billion in revenue and $2.25 billion in net profit. Both of these figures are records for the company.
Disney Interactive, The Walt Disney Company's game division, also showed healthy sales. After years of struggling the game division saw revenue jump 45 percent year-over-year to $266 million. That lead to $29 million in profits, which is up from a loss of $58 million.
For the first nine months of the fiscal year, Disney Interactive has seen revenue of $937 million, a 40 percent increase year-over-year. Profits are also up to $98 million.
The success of Disney Infinity has helped the division remain profitable since its release, as well as strong sales of mobile games Tsum Tsum and Frozen Free Fall. However, development costs have been reduced when Disney Interactive laid off 700 employes when it did a restructuring.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at email@example.com.