DreamWorks Animation Income Slides in Q2Tuesday, July 31, 2012
A strong box office performance of “Madagascar 3: Europe’s Most Wanted” wasn’t enough to keep DreamWorks Animation SKG Inc. from a steep drop in net income and revenue for the second quarter when compared to a year ago.
The Glendale-based animation studio reported a net income of $12.8 million, or $0.15 per diluted share, on revenue of $162.8 million for the quarter ending June 30. That is a 63 percent decrease from the net income of $34 million, or $0.40 per diluted share, on revenue of $218.3 million.
“Madagascar 3,” the studio’s big summer release, brought in $54.8 million in revenue for the quarter. Last year in the second quarter, the studio’s summer release “Kung Fu Panda 2” brought in $55.8 million in revenue.
Total global office receipts for “Madagascar 3” were $503 million.
The home entertainment release of “Puss in Boots” and the domestic pay television release of “Kung Fu Panda 2” brought in $22.8 million and $46.4 million in revenue respectively in the second quarter.
Mark R. Madler