DreamWorks Animation’s quarterly revenue jumps 38%

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DreamWorks Animation SKG

Dream­Works Ani­ma­tion SKG

Dream­Works Ani­ma­tion’s second-quarter rev­enue rose 38% over the same period last year, while net income zoomed upward 42%, the com­pany announced Tuesday.

The Glen­dale, California-based stu­dio gave finan­cial results for its sec­ond quar­ter ended June 30. For the quar­ter, the com­pany reported total rev­enue of $218.3 mil­lion and net income of $34.1 mil­lion, or 40 cents per share on a fully diluted basis. This com­pares to rev­enue of $158.1 mil­lion and net income of $24.0 mil­lion, or 27 cents per share on a fully diluted basis, for the same period in 2010.

Kung Fu Panda 2 is cur­rently the fifth highest-grossing film of 2011 on a global basis and has exceeded $600 mil­lion at the world­wide box office to date,” said DWA chief exec­u­tive offi­cer Jef­frey Katzen­berg. “We are look­ing for­ward to the next two big events for the com­pany dur­ing the sec­ond half of the year: the Novem­ber 4 the­atri­cal release of Puss In Boots, and the release of Kung Fu Panda 2 into the home video mar­ket in the fourth quarter.”

Released on May 26, Kung Fu Panda 2 con­tributed $55.8 mil­lion of rev­enue in the quar­ter, gen­er­ated by its world­wide box office per­for­mance, as well as mer­chan­dis­ing and licens­ing activ­i­ties. It has grossed approx­i­mately $160 mil­lion in domes­tic box office and approx­i­mately $440 mil­lion in inter­na­tional box office to date.

Last year’s Mega­mind con­tributed $19.7 mil­lion of rev­enue in the quar­ter, dri­ven pri­mar­ily by home enter­tain­ment. The film reached an esti­mated 4.3 mil­lion home enter­tain­ment units sold world­wide through the end of the sec­ond quar­ter, net of actual and esti­mated future returns.

Shrek For­ever After and How To Train Your Dragon — both released in 2010 as well — con­tributed $34.9 mil­lion and $41.4 mil­lion of rev­enue in the quar­ter, respec­tively, dri­ven pri­mar­ily by world­wide pay-TV and home enter­tain­ment. These films reached an esti­mated 8.8 mil­lion and 8.7 mil­lion home enter­tain­ment units, respec­tively, sold world­wide through the end of the sec­ond quar­ter, net of actual and esti­mated future returns.

DWA expects that its third-quarter results will be dri­ven pri­mar­ily by the con­tin­ued inter­na­tional box office per­for­mance of Kung Fu Panda 2, in addi­tion to domes­tic pay-TV rev­enue from Mega­mind.

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