If there’s good news in the report, it isn’t apparent from the basic numbers. DreamWorks Animation reported net income in Q2 of $12.8M, -62.5% vs the period last year, on revenues of $162.8M, -25.4%. Analysts expected revenues closer to $186.2M. And earnings of 15 cents a share were way below forecasts for 25 cents. Madagascar 2: Europe’s Most Wanted, which was released on June 8, accounted for $54.8M of the revenue. Another $22.8M came from Puss In Boots, primarily home videos. Domestic pay TV sales drove the $46.4M contribution from Kung Fu Panda 2. The biggest contributor to revenues outside of feature films was the London run of Shrek The Musical, which was part of the $10M coming from other items. CEO Jeffrey Katzenberg offered little by way of explanation in the company’s earnings release but says that the latest Madagascar “has surpassed $500M at the worldwide box office to date, with a large number of key international territories yet to come.”
DreamWorks Animation Q2 Earnings Fall Short Of Forecasts
What's Hot on Deadline
WGA Awards: 'Spotlight' & 'The Big Short' Take Marquee Film Honors; 'Mad Men', 'Veep' & 'Mr. Robot' Top TV - Full List
Video - Melissa McCarthy Spoofs Hollywood's Audience Test Screenings & Cracks Up Leslie Jones: 'Saturday Night Live'
Latest Film News
- Michael Moore’s ‘Where To Invade Next’ Tops Slow Weekend – Specialty B.O.
- BAFTA Awards Winners List (LIVE)
- BAFTA Awards Live Blog
- ‘Deadpool’ Rises To $125M+, ‘Zoolander 2,’ ‘How To Be Single’ Follow – Int’l…
- Lionsgate Acquires UK Rights To ‘Ghost Stories’ – Berlin
- Debbie Harry Joins ‘I Am The Pretty Thing That Lives In The House’ – Berlin