DreamWorks Animation SKG, Inc. revealed extremely impressive figures in its Q4 2015 report Tuesday, with the company reporting a revenue of $319.3 million, a significant 36.3 percent increase from the same period in 2014, reported PR Newswire.
Apart from the increase in revenue, the company also reported its adjusted operating income at $56.5 million, while its adjusted net income was reported at $48.1 million, or $0.55 per diluted share.
The figures represent a notable turnaround from a $0.75 loss during the same time last year. Also, the numbers significantly beat analysts' expectations, which predicted the company's earnings per share to stand at about $0.16, according to The Investor Place.
Analysts believe that DreamWorks' impressive performance in the fourth quarter of 2015 was largely due to a series of operations that the company initiated last year, which included the company undertaking a massive restructuring.
The box office earnings of DreamWorks' sole title in 2015, "Home," also helped the company's earnings greatly. As a result of the movie's success, the feature film unit's revenue increased to $146.4 million, notably larger than its $131.3 million earnings from the previous year, reported TheWrap.
Jeffrey Katzenberg, Chief Executive Officer of DreamWorks Animation, was very optimistic about the company's figures.
"Although 2015 was a transitional year for our company, I am exceptionally proud of what the DreamWorks team has accomplished this year and I'm pleased to report that we have met or exceeded our stated full year 2015 goals across all key financial metrics," he said.
Investors reacted very positively to the news, pushing DreamWorks' shares up 16 percent as of Wednesday morning trading.
For more Business News, click here.
