Disney Interactive revenues rise 58%

Disney Interactive has posted a 58 per cent increase in revenues for the quarter ending January 1st.

The video game arm of Disney saw unit sales increase to $349m from $221m the year prior, backed by strong sales of Disney Epic Mickey and Toy Story 3.

However Disney Interactive posted a total loss of $13m for the quarter, compared to a loss of $10m made during the same period last year. This was due to the firm acquiring social game developer Playdom for $763m last year.

A statement read: Higher sales of console games were more than offset by the inclusion of results for Playdom in the current quarter, which reflected the impact of acquisition accounting.

Higher console game sales reflected the strong performance of Epic Mickey and Toy Story 3 compared to the prior-year quarter, which included Sing It Pop Hits and Tinker Bell and the Lost Treasure.”

Overall the Walt Disney Company reported revenues of $10.7bn and operating profit of $2.21bn for the period. That’s an increase of 10 per cent and 40 per cent year-on-year respectively.

The firm’s departments include media networks, parks and resorts, studio entertainment, consumer products and interactive media.