Entertainment company Entertainment One (LON:ETO) saw strong growth across all geographic areas, driven largely by its popular Peppa Pig brand.
Full-year revenue from its family and brands division, including the popular cartoon pig, rose by 56 percent to £138.6 million. Group adjusted profit before tax is up 11 percent to £144 million, with adjusted diluted earnings per share up by 10 percent.
Chief executive Darren Throop said it had been “a strong year for the Group”, combining “Film and Television operations into the Film, Television and Digital Division for FY19, completed the acquisition of the remaining stake in The Mark Gordon Company and continued the reshaping of our Film business.”
“All of these initiatives sharpen our operational focus and facilitate success in today’s evolving entertainment market.”
Peppa Pig’s popularity has grown across China and the US, where is continues to be a key market due to its appearance on the Nickelodeon channel.
Entertainment One said it expects Toys R Us store closures in the US and UK may have “some impact for its brands in the short term” but “this impact is not anticipated to be significant”.
Shares in Entertainment One are broadly flat, up 0.17 percent at 289.50 (0924GMT).
