Pixar reports third quarter financial results

Pixar Animation Studios today announced financial results for its fiscal third quarter ended October 1, 2005. For the quarter, Pixar earned $27.4 million, or $0.22 per diluted share on revenues of $45.8 million. These results compare to earnings of $22.4 million, or $0.19 per diluted share on revenues of $44.5 million, achieved in the year-ago quarter.

For the nine months ended October 1, 2005, Pixar earned $122.0 million, or $0.99 per fully diluted share on revenues of $233.5 million. This compares to earnings of $86.5 million, or $0.73 per fully diluted share on revenues of $164.6 million for the nine months ended October 2, 2004.

“Our performance this quarter highlights the ongoing value of our growing film library,” said Pixar CEO Steve Jobs in a statement. “Looking forward, the marketing campaign for Cars, our studio’s seventh feature film, is revving up as we prepare for its release next June. It is going to take your breath away.”

The company will discuss its third quarter 2005 earnings results and fiscal year 2005 business outlook during the conference call to be held today, Tuesday, November 8, 2005, at 5:00 p.m. Eastern Time, 2:00 p.m. Pacific Time. The call, hosted by Pixar’s Chairman and Chief Executive Officer, Steve Jobs, and Executive Vice President and Chief Financial Officer, Simon Bax, can be accessed by dialing 800-230-1059 (U.S.) or 612-288-0337 (Int’l) approximately 10 minutes prior to the start time. Additionally, a replay of the call will be provided through Tuesday, November 15, 2005 until midnight EST. To access the replay, please call 800-475-6701 (U.S.) or 320-365-3844 (Int’l) and reference the reservation code: 800076.

Pixar will also provide live audio streaming of its third quarter 2005 results conference call. The webcast will be accessible through Pixar’s web site at http://www.pixar.com/investor/index.html

Pixar Animation Studios combines creative and technical artistry to create original stories in the medium of computer animation. Pixar has created six of the most successful and beloved animated films of all time: Toy Story, A Bug’s Life, Toy Story 2, Monsters, Inc., Finding Nemo and The Incredibles. Pixar has won 18 Academy Awards® and its six films have grossed more than $3.2 billion at the worldwide box office to date. The Northern California studio will release its next film, Cars, on June 9, 2006.

Pixar’s “Cars” teaser trailer via QuickTime here: http://www.pixar.com/theater/trailers/cars/index.html

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17 Comments

  1. Cars… cars… Aiyiyiyi… the trailer looks soo lame but… Pixar hasn’t failed yet. I dunno, perhaps I just don’t find cars very anthropomorphic. Is ANYBODY looking forward to cars or are we all filled with silent dread? If you can’t wait til cars is out… what exactly about it seems appealing to you?

  2. That’s an interseting question.. with so many heads around, just think of what kind of story you can get with cars? You have a good 6 months to do that.. and then go to the movie. You can appreciate the work of people involved in story, screenplay, etc.

    MDN Magic word: Born. Pixar was born to do this!

  3. What exactly is appealing about it? It’s a Pixar movie, that’s what. Haven’t they earned your trust? Besides, that preview is at least a year old. I don’t think they probably had much to show at that point.

  4. Where are all the people complaining to MDN that this isn’t a Mac news story.

    On another note, I saw the trailer for Cars. I wans’t impressed. But then again, when I first saw the trailer for The Incredibles I thought it looked lame too. As it turns out, it ends up being my favorite Pixar film.

  5. For the last time people…
    Disney produces the trailers for these movies. The current trailers have been cobbled together from whatever Pixar has rendered.
    Even the people at Pixar hate the trailers!

  6. I dunno, I wasn’t that impressed with “A Bug’s Life” (although the Steve Jobs references were cute), so Pixar can do wrong.

    Personally, I think “Cars” will be a failure with the critics, because they won’t be able to resist the headline, “Cars Stalls…”

  7. Pixar has proven itself adept at writing great stories with interesting and endearing characters. Does it matter if the characters are Toys <i>(Sooo obvious)<>, Bugs <i>(Blech!)<>, Monsters <i>(Eeek!)<>, Fish <i>(Ooooh so expressive.)<> or even People <i>(Eisner: “Pixar can’t do humans”l)<> or <i>(help help, the sky is falling)<> Cars??? Let’s watch the movie before we call it a winner or a flop. I agree with ndelc, Pixar’s earned more than the benefit of the doubt with its unequaled succession of big hit movies.

  8. Double checking the html:

    Pixar has proven itself adept at writing great stories with interesting and endearing characters. Does it matter if the characters are Toys (Sooo obvious), Bugs (Blech!), Monsters (Eeek!), Fish (Ooooh so expressive.) or even People (Eisner: “Pixar can’t do humans”) or (help help, the sky is falling) Cars??? Let’s watch the movie before we call it a winner or a flop. I agree with ndelc, Pixar’s earned more than the benefit of the doubt with its unequaled succession of big hit movies.

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