Pixar's 4th Quarter Flies To Infinity & Beyond
Created 02/09/2000 - 00:00
files/pictures/picture-35.jpgOn February 3, 2000, Pixar reported financial results for its fiscal fourth
quarter and year ending January 1, 2000. For the quarter, Pixar posted
record profits of US$9.6 million, or $0.19 per diluted share. These results
are compared to profits of $1.1 million, or $0.02 per diluted share,
achieved in the 4th quarter of 1998. Revenues for the quarter were $24.9
million, compared with $3.1 million a year-ago. For the year, Pixar held
profits of $49.2 million, or $0.99 per diluted share, compared with $7.8
million, or $0.15 per diluted share, achieved in 1998. Revenues for the
fiscal year were $121 million, compared with $14.3 million in the previous
year. Helping propel Pixar into the next stratosphere of fiscal success was
the huge domestic receipts for TOY STORY 2. "These annual results
demonstrate Pixar's earnings potential from our new Disney partnership,"
said Pixar CEO Steve Jobs. "And, we are looking forward to another terrific
year with [other] revenues ramping up from our blockbuster TOY STORY 2."
With scheduled wide release in the UK on February 11, 2000 and Japan on
March 11, 2000, Woody and Buzz's second adventure will surely help fill the
pockets of Pixar in the year 2000. Other factors that look promising for
Pixar in the up-coming year are: revenues from the international release of
A BUG'S LIFE on home video and the release of the TOY STORY 2 home video in
both domestic and foreign markets.