For the quarter ended June 30, 2007, DreamWorks Animation SKG, Inc. reported total revenue of $222.5 million and net income of $61.8 million, or $0.60 per share on a fully diluted basis. This compares to revenue of $74.9 million and net income of $13.7 million, or $0.13 per share on a fully diluted basis, for the same period in 2006.
"The strong financial quarter was driven primarily by the performance of Shrek the Third, which was the biggest domestic opening for an animated film in the history of the movie industry," commented Jeffrey Katzenberg, DreamWorks Animation's CEO. "Despite the unprecedented level of competition, the film's blockbuster success demonstrated the strength of our flagship property and the value of the Company's overall franchise strategy."
"The strong financial quarter was driven primarily by the performance of Shrek the Third, which was the biggest domestic opening for an animated film in the history of the movie industry," commented Jeffrey Katzenberg, DreamWorks Animation's CEO. "Despite the unprecedented level of competition, the film's blockbuster success demonstrated the strength of our flagship property and the value of the Company's overall franchise strategy."
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