Disney Interactive Loses $75 Million as Sales Drop 20% in Q3

The Walt Disney Company announced its third-quarter results for the period ended June 27. Overall sales dipped 7% to $8.6 billion while net income fell 26% to $954 million, but it was the games business that saw the sharpest decline at Disney.

The Interactive Media segment experienced a 20% decline in revenues to $113 million and the group posted a loss of $75 million, which was actually a slight improvement from the $91 million loss posted during Q3 a year ago. During the nine-month period, however, total losses were up from $138 million to $181 million.

Read Full Story >>
The story is too old to be commented.