Pixar's 4th Quarter Flies To Infinity & Beyond

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.