Thursday, November 01, 2012

More DWA News: Q3 Profits 24% Higher over 2011

In a busy news week for DreamWorks Animation, The Wrap reports on the recently released Q3 Earnings Statement:

DreamWorks Animation breezed past analyst estimates with its third-quarter financial results, posting significant growth over last year thanks to “Madagascar 3” and “Puss in Boots.” The company posted $186.3 million in total revenue and $24.4 million in profit, up from $160.8 million and $19.7 million in the same period last year.

"DreamWorks Animation's third quarter results were driven by the blockbuster international box office success of ‘Madagascar 3: Europe's Most Wanted,’ which has earned nearly $720 million at the worldwide box office to date, to become the fifth highest-grossing film of the year on a global basis," Jeffrey Katzenberg, CEO of DreamWorks Animation, said in a statement. "We are looking forward to the next major event film for the Company during the fourth quarter, the November 21st theatrical release of ‘Rise of the Guardians.’"

As mentioned many times before in this blog, the success of DreamWorks is as fantastic as the tales they tell. The independent studio who keeps knocking the proverbial cover off the ball and beating both expectations and the box office tallys of rival submissions from their Big 6 counterparts.

We offer congratulations to everyone at DreamWorks Animation along with wishes for continued success.


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