Pixar Animation Studios, Steve Jobs’ other company, has announced its financial results for its fourth quarter and fiscal year 2001, which ended on December 29. Pixar earned US$13 million for the quarter on revenues of $26.1 million, with net income of $36.2 million on revenues of $70.2 million for the year.
The numbers are lower compared to Pixar’s fiscal year 2000, when it generated earnings of $35.2 million for the quarter on revenues of $75.7 million, and earnings of $78.4 million for the year on $172.3 million in revenue. They’re considerably higher than what Pixar posted for its third quarter, however. And with earnings of $0.25 per share, Pixar’s results were dramatically higher than the $0.18 some Wall Street analysts expected.
Pixar said its FY2001 fourth quarter earnings mainly came from the more than a quarter billion dollars of box office receipts generated by Monsters, Inc., the company’s most recently released Disney-distributed computer animated motion picture. For fiscal year 2000, most of Pixar’s revenue came from merchandising, theater receipts and home video sales of Toy Story 2.
Calling Monsters Inc. a domestic “monster hit,” Pixar CEO Steve Jobs said that his company is looking forward to the movie’s continued success abroad, this quarter. He called Pixar’s record of movie releases since the original Toy Story “four for four.” Jobs then suggested that his company’s winning streak will continue with Finding Nemo. The next Pixar-produced movie will hit theaters in summer of 2003.