Disney Unveils Q3 Results

Disney Interactive has revealed the company's Q3 financial earnings.

The company has seen a loss of $86 million for the quarter ending July 2nd. This is after an improvement for Disney's console games. However, they have reported a 27 % increase regarding revenue to $251 million.

Disney pointed towards the $600 million acquisition of Playdom due to their profits slumping. They had this to state on the matter:

The improvement at our console games business reflected higher unit sales and lower marketing costs. The increase in unit sales was driven by the performance of Lego Pirates Of The Caribbean and Cars 2 in the current quarter compared to Toy Story 3 and Split Second in the prior year.

Lego Pirates of the Carribean developer, Traveller’s Tales, were paid fees by Disney which consequently resulted in “partially offset” profits.