It’s Buzz Lightyear, and the rest of the stars of the new game platform, to the rescue.
It’s official. Disney Infinity is a bonafide hit. The always-expanding video game and toy platform has been selling well across platforms. Disney Interactive revenue totaled $396 million in the last quarter, a year on year growth of over 100%. This is the second time the interactive segment has reported a quarterly profit since 2008.
This huge boost in profits rests squarely on the success of Disney Infinity, which continues to sell well heading into the Christmas shopping season. Disney also benefited from a licensing agreement for mobile games in Japan
Total revenue for Disney grew by 7% to reach $11.57 billion.
“We’re extremely pleased with our results for fiscal 2013, delivering record revenue, net income and earnings per share for the third year in a row,” said Robert Iger, Chairman and CEO of the Walt Disney Company. “It was another great year for the company, both creatively and financially, and we remain confident that we are well positioned to continue our strong performance and drive long-term shareholder value.”