informa
/
2 min read
News

Disney Interactive losses narrow as social game transition continues

The Walt Disney Company's Interactive Media division, which covers its console and social games, was the only sector in the company to record losses during the first half of the current fiscal year.
The Walt Disney Company's Interactive Media division, which covers its console and social games, was the only sector in the company to record losses during the first half of the current fiscal year. Disney Interactive's losses narrowed compared to the same period year-over-year, however, thanks to lower company acquisition costs related to social games, and better social game and console game performance compared to a year ago, the firm said. The company added that it released fewer console games during the fiscal half due to the decline in console game sales, although it noted that its console game results were slightly improved due to lower product development costs. Disney's ongoing shift from console games to social and other interactive platforms has improved the company's results, it said, with more improvement expected in the second half of the fiscal year. For the six months ended March 31, 2012, Disney Interactive posted revenues of $458 million, down 10 percent compared to $508 million year-over-year, and operating losses of $98 million, an improvement of 23 percent compared to last year's losses of $128 million. Overall, the Walt Disney Company recorded revenue of 20.4 billion, up 3 percent year-over-year, and profits of $2.6 billion, up 16 percent year-over-year.

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more