Disney Interactive - the video game focused wing of the massive international Disney empire - reported that its quarterly revenue was below expectations for Q3 2013.
But strong and growing sales in the mobile sector, particularly in the Asian markets, helped offset the red ink.
Still, overall revenues for Disney Interactive during the quarter decreased 7 percent to $183 million, and the segment operating results decreased by $16 million to an overall loss of $58 million.
No quarter
Disney cited "a decline in console game sales" as a possible explanation for the loss - the firm put out no new releases in the third quarter of the year - but a social gaming slump was also highlighted by the entertainment giant.
Indeed, it's the problems the firm is having with its social gaming business that might set alarm bells ringing for those banking on Disney being a major force in the mobile market, though the company claims the drop in revenue was actually caused by a "favorable acquisition accounting adjustment recognised in the prior year quarter".
Additionally, the overall operating income loss didn't come without a silver lining.
In its earnings report, Disney notes that the decreases were "partially offset by growth at our Japan mobile business".
Disney Interactive is currently ramping up for the launch of the massive Disney Infinity crossover line of toys and games, due out in North America and Europe later this month.
[source: Disney]
News
US Correspondent
Representing the former colonies, Matt keeps the Pocket Gamer news feed updated when sleepy Europeans are sleeping. As a frustrated journalist, diehard gamer and recovering MMO addict, this is pretty much his dream job.
Related Articles
Top Stories
News
3 hours, 24 minutes ago
Red Games Co's Brian Lovell on their Apple Design Award Win: “Inclusivity was a focus from the beginning"
News
12 hours, 46 minutes ago
App Store developers can start nominating their games for featuring later this year
Feature
2 hours, 8 minutes ago
Mobile Mavens: Are today's everlasting, live ops games holding back new innovation?
Feature
3 hours, 36 minutes ago
The key takeaway from Apple's AI-laden WWDC keynote? It's time to buy a new iPhone
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Steam Next Fest: June 2024 Edition | Jun 10th | |
WN Conference Istanbul 2024 | Jun 11th | |
GamesForum Hamburg 2024 | Europe | Jun 11th |
ESI London 2024 | Europe | Jun 13th |
Game Con Canada (GCC) 2024 | North America | Jun 14th |
Indie Dev Play 2024 | Europe | Jun 14th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Popular Stories
Interview
Jun 5th, 2024
A galaxy far, far away… Why Star Wars: Hunters took six years to hit the target
as
Feature
Jun 3rd, 2024