To infinity and beyond!
BY: SETH TIPPS
NOVEMBER 6, 2014
Disney Interactive revealed its best result ever in today's fourth quarter 2014 investor report thanks to sales of its new toys and games franchise Disney Infinity.
Revenues for the full year grew 22 percent to $1.3 billion resulting in a profit of $116 million. This is the first time Disney Interactive Studios has turned a profit since it started operating separately back in 2009. Last year the division lost $87 million, which was actually its best result at the time. In 2011 it lost $216 million and $308 million the year before that.
Revenues for the fourth quarter were down 9 percent from 2013's $396 million to $362 while operating income actually grew 13 percent from $16 to $18 million.
Speaking in the company's investor's call, Disney senior executive vice president and CFO Jay Rasulo explained the fourth quarter drop as a result of a “shorter window” than last year's Infinity launch due to Infinity 2.0's relatively late release date.
Rasulo also pointed out that launching late in the quarter means that Disney doesn't really know how well Infinity 2.0 is doing yet and will have to wait for the holiday season to get a good idea.