On an adjusted basis, DreamWorks reported a profit of 13 cents per share, the company told TheWrap. (This figure does not appear in the company’s Q2 filing.) That’s better than the 7 cent per-share loss that analysts, on average, were expecting. Unadjusted, Q2 ushered in a profit of $1.4 million, or 3 cents per share, for the company.
Analysts also predicted a significantly lower revenue of $182.11 million.
DreamWorks’ stock has risen by more than 95 percent in the past year, spiking dramatically in late April when the deal with Comcast was first announced.
Shares of the animation company’s stock remained virtually unmoved, dropping slightly by .01 percent to $40.98.
The company enjoyed a big boost in Q1, too, reporting $190.4 million in revenue that exceeded Wall Street expectations.
With a revenue gain of nearly 15 percent year over year in Q1, the company was helped by successes in its television series and specials, consumer products and new media units as well as from lucrative licensing and distribution deals, for example the home releases of “The Penguins of Madagascar” and “How to Train Your Dragon 2.”
DreamWorks beat expectations in Q1 by nearly $8 million, as analysts expected a revenue of just $182.6 million.
The company also blew away analyst expectations in Q1, who predicted a profit of 1 cent per share. Instead, the company reported a profit of $13.8 million, or 16 cents a share — swinging from a year-earlier loss of $54.8 million, or 64 cents a share.
7 People You Never Expected to Make Bank on the DreamWorks Animation Deal (Photos)
Co-founders Jeffrey Katzenberg and Steven Spielberg enjoy the biggest individual stakes in DreamWork's Animation, with Katzenberg's holdings worth a whopping $408 million and Spielberg's worth $187.6 million after Comcast's takeover. But thanks to shares issued to directors and other former execs, a handful of other Hollywood names stand to make a pretty penny in the deal, too.
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Jason Kilar, best known for being the CEO who built video streaming site Hulu from "Clown Co." into a legitimate force in online video, holds a stake thanks to his seat on the board. His holdings are worth nearly $1 million after the Comcast deal.
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Lucian Grainge, who is the head of the world's biggest music label, Universal Music Group, also holds shares because of his board seat. His stake is also nearly $1 million.
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Investment banker Mellody Hobson is DreamWorks Animations chairman since 2012, after eight years as a director. The investment banker, who also serves on the boards for two of George Lucas' foundations, has a stake worth $4.7 million.
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Former Viacom CEO Tom Freston joined DreamWorks Animation's board nearly nine years ago. His stake is worth $2.7 million.
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Entertainment lawyer Skip Brittenham's eight years on the board have built him a stake worth $2.5 million after the Comcast deal.
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Ann Daly, pictured left, is a longtime exec at DreamWorks Animation, serving currently as president and previously as chief operating officer for a decade. After the Comcast deal, her stake in the company is worth $40 million.
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Lew Coleman, another longtime exec at the studio, served for years as vice chairman and chief financial officer. His holdings will be worth $52.7 million when Comcast closes the deal.
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Comcast’s $3.8 billion takeover of DreamWorks Animation will bring big hauls for Jeffrey Katzenberg, Steven Spielberg… and some people who will surprise you
Co-founders Jeffrey Katzenberg and Steven Spielberg enjoy the biggest individual stakes in DreamWork's Animation, with Katzenberg's holdings worth a whopping $408 million and Spielberg's worth $187.6 million after Comcast's takeover. But thanks to shares issued to directors and other former execs, a handful of other Hollywood names stand to make a pretty penny in the deal, too.