reported its earnings for the first quarter of 2011, and the Interactive Media department saw revenues increase 58 percent from last year over the same period, to $349 million. Despite "higher sales of console games" this year (Epic Mickey and Toy Story 3 are cited as part of the "strong performance"), the company says that the acquisition of Playdom nevertheless led to a segment operating results loss of $13 million, an increase from the $10 million loss the year before.
In other words, Disney Interactive is doing better, but was still brought down by what it calls "the impact of acquisition accounting" -- the money spent on Playdom (presumably a one-time cost) sent the department into the red for the quarter.
Unfortunately, that leaves Interactive Media to be the only division showing a loss for the quarter; Media Networks, Parks and Resorts, Studio Entertainment and Consumer Products all showed nice growth. Disney probably isn't too worried, though. Not that Disney Interactive has another Epic Mickey-sized title coming up that we know about, but the Playdom deal's after-echos are disguising what appears to be some steady growth that the home office will hopefully see for what it is.