NEWS

DreamWorks’ shares jump

Published on: 24th February 2016

The company has posted better-than-expected quarterly profit and revenue, sending its shares up more than 9% in after-hours trading in New York.

Dreamworks-480DreamWorks said that revenue for the three months to December increased by 36.3% to $319.3m, while net profit came to $42m compared to a loss of $263.2m in the same period a year earlier.

These positive figures were helped by the company’s The Penguins of Madagascar film and the television release of its animation comedy Home.

Jeffrey Katzenberg, chief executive at DreamWorks, said that the company had delivered “its best top-line result in 11 years and highest revenue growth in eight years”.

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