DreamWorks Animation SKG Inc. on Wednesday reported net income of $11.9 million or 14 cents per diluted share for its third quarter ended Sept. 30, compared to $10.1 million or 12 cents per share in the year-ago period.
“The third quarter of 2014 was strong for DreamWorks Animation, with both quarterly revenue and earnings per share up 17 percent in a year-over-year comparison,” said CEO Jeffrey Katzenberg.
“Driving the company’s third quarter results is the blockbuster performance of ‘How to Train Your Dragon 2,’ which has reached over $615 million at the worldwide box office to become the highest-grossing animated film of the year,” he said.
The feature film segment contributed revenue of $142.4 million and segment gross profit of $64.3 million, while library titles accounted for $50.2 million in revenue.
The company’s fourth quarter results are expected to be driven primarily by its feature film segment, including results from the theatrical release of “Penguins of Madagascar” and the home entertainment release of “How to Train Your Dragon 2.”
The company has theatrically released a total of 29 animated features, including the franchise properties of “Shrek,” “Madagascar,” “Kung Fu Panda,” “Puss In Boots” and “The Croods.”
