Tom Spurgeon's Web site of comics news, reviews, interviews and commentary











November 9, 2005


Marvel Reports 3Q; Adjusts Expectations

In a nutshell, at least for me:
"Marvel cautions investors that inherent variability in the timing of license opportunities and entertainment events, the timing of their revenue recognition, and their level of success may contribute to sequential and year-over-year variability in its interim financial results and could have a material impact on quarterly results as well as Marvel's ability to achieve the financial performance included in its financial guidance."

In other words, overall growth prospects seem reasonably strong despite variations according to what film is out and when, and how this is reflected in the licensing cycle. I'm not really good with reading these things, but the rest sounds pretty ordinary, too. Comics enjoy moderate growth. Money has been borrowed to buy back stock. The next year will be a difficult year. Etc. The only thing that seems slightly entertaining to me is when they change their mind on something, like the projected profitability of TNA Wrestling toys.

There may be more in terms of comics-related news at some phone-in press conference occurring soon that I don't think I have access to.
 
posted 5:35 am PST | Permalink
 

 
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