Disney game group swings to a profit

House of Mouse's gaming division posts $291 million in revenue and $9 million profit for latest quarter.

Disney's game group is back in black. The company's Interactive division saw revenues rise 4 percent to $291 million for the three-month period ended December 29. Net income hit $9 million, substantially better than the loss of $28 million the group posted this time last year.

Disney said higher operating results were driven by lower acquisition accounting impacts at the group's social game business and growth at the company's Japanese mobile business as a result of a new licensing agreement for Disney-branded mobile phones and content.

Disney last month made two sizable announcements. The House of Mouse revealed its new "toys-to-life" game Disney Infinity and also shut down Epic Mickey developer Junction Point Studios. The first entry in the Disney Infinity series is due out this summer on consoles and mobile devices.

Written By

Eddie Makuch is a news editor at GameSpot, and would like to see the Whalers return to Hartford.

Want the latest news about Disney Infinity?

Disney Infinity

Disney Infinity

Discussion

8 comments
Ten_Tigers
Ten_Tigers

Its not hard to make money when you buy up every IP you can get your hands on.

Mr_Big_Boss
Mr_Big_Boss

I hope this company stays independent. Selling the company will only result in bad quality games made by the big greedy corporations.

Reuwsaat
Reuwsaat

Well they are buying even the mothers of their employees nowadays, someone must turn a profit somewhere

gatsbythepig
gatsbythepig

Everyone there needs to be ready to get fired now that they turned a profit.

Hurvl
Hurvl

It's nice that the House of Mouse can afford to pay the rent for its house, now that they are back in black.

Adavanter
Adavanter

Glad to hear it... now that you own Star Wars... Make SOMETHING with Star Fighters for the love of the force already! This lack of space combat for 2 generations is killing me!