Disney Interactive posts $58 million loss
Disney Interactive’s latest financial results aren’t so hot having posted a loss of $58 million for the quarter ending June 29. That’s even worse than the $42 million loss the company experienced in the 2012 April-June quarter. Revenues are also down, dropping 7 percent to $183 million.
While Japanese mobile business lifted the company somewhat, it wasn’t enough to make up for negative impacts such as lower console game sales.
Disney Interactive was Disney’s only business branch to have posted a loss this past quarter.
Things may begin to look up for Disney starting this month. Disney Infinity will finally make it out to market, and it’s something that Disney CEO Bob Iger is encouraged by and proud of.
“We are also looking forward to the launch of Disney Infinity on August 18. We have showcased Infinity to a number of audiences and we are very encouraged by the overwhelmingly positive response we are getting across the board from retailers, reviewers, and consumers alike. And we are also very proud of the several best of awards that Disney Infinity earned at this year’s E3.”
