DreamWorks Animation beat analysts’ expectations with a 7% drop in revenues and profits for the second quarter.
Those results ‘ revenues of $132 million and a profit of $27.5 million ‘ do not reflect the box office success of the 3-D film Monsters vs. Aliens, which was released in late March. The film still generated about $10 million in revenue on a video game deal with Activision.
‘Our solid second quarter results were driven primarily by the continued performance of our 2008 films, Kung Fu Panda and Madagascar: Escape 2 Africa,’ said Jeffrey Katzenberg, CEO of the company, in a statement.
Monsters vs. Aliens has grossed just under $200 million at the domestic box office and more than $377 million worldwide. Katzenberg is expected to address what is seen as its underperformance internationally during a conference call next week.
