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Consumer Products

Home entertainment and licensing boost DreamWorks Animation earnings

On the strength of the home video debut of Home, as well as increases in its consumer products, TV and new media segments, DreamWorks Animation Q3 revenue rose 43.3% to US$259 million.
November 6, 2015

On the strength of the home entertainment debut of Home, as well as increases in its consumer products, television and new media segments, DreamWorks Animation revenue for Q3 jumped by 43.3% to US$259 million versus the same period a year ago.

Not including its previously announced US$3.6 million in restructuring costs, DWA reported operating income of US$27 million, net income of US$1.4 million with earnings per share at two cents, beating analysts’ estimates.

Despite not releasing a new movie since the March premiere of hit Home, the company’s feature film segment revenue climbed to US$158 million, up from US$142 million in the same period in 2014 and representing an 11% increase.

After grossing US$386 million at the global box office, Home contributed US$49.7 million to DWA’s film segment in Q3 driven by 4.7 million unit sales across DVD, Blu-ray and the digital market.

The company’s next feature release will be Kung Fu Panda 3 on January 29, 2016.

DWA’s Q3 revenue bump was also assisted by revenue from its television series and specials segment, rising from US$14.3 million in the same period last year to US$50.7 million this quarter. The company’s episodic content licensing arrangements – including its large output deal with Netflix – helped drive the growth.

For consumer products, DWA’s revenue more than doubled to US$27 million from US$12.1 million in Q3 2014.

New media revenue, which includes DWA’s YouTube teen channel AwesomenessTV, also more than doubled, coming in at US$20.7 million versus US$8.5 million a year ago.

The significantly better Q3 results come after the company’s head of global consumer products Jim Fielding took over DreamWorks’ licensing and franchise management businesses in late August.

About The Author
Jeremy is the Features Editor of Kidscreen specializing in the content production, broadcasting and distribution aspects of the global children's entertainment industry. Contact Jeremy at jdickson@brunico.com.

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