Disney Infinity sales slow ahead of sequel
Disney Interactive today posted break-even quarterly operating income, down from $29 million, reflecting a decline in sales of its popular toy-to-game franchise, Disney Infinity.
Revenues for the Interactive segment were $208 million for the quarter ended June 27, down from $266 million for the same quarter a year ago.
An earnings release said the decline was "primarily due to lower results from Disney Infinity and decreased sales of console game catalog titles." The decline was partially offset by Tsum Tsum, the company said.
The decline comes weeks before the next version of Infinity (Disney Infinity 3.0) arrives. The last Infinity game came out in September last year.
Disney overall reported profits of $2.5 billion for the quarter, up from last year's $2.2 billion, but still fell short of investor expectations. Revenues were $13.1 billion, up from $12.5 billion.