DreamWorks Animation has reported surprise profit for Q3 thanks to improved earnings from licensing and home entertainment.
DVD and Blu-ray releases of Home, it’s only movie for 2015 helped the Hollywood studio reach an adjusted net income of two cents per share in revenue of $259 million.
The result is a 43 per cent surge on generated revenue for the same period last year.
Through its film arm, Dreamworks Animation brought n $158 million in revenure, up from $142 million year-over-year. The studio hasn’t released a new film since the March premiere of Home, which grossed $386 million at the box office.
The studio’s partnership with Netflix has also been championed as a key driver in the better-than-expected results for the company, while consumer products revenue has more than doubled from last year to $27 million for the quarter.