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Pixar Reports Record Results for 2004
Pixar Animation Studios
February 10, 2005

EMERYVILLE, CAŚ(February 10, 2005) Pixar Animation Studios (Nasdaq: PIXR) today announced financial results for its fourth quarter and fiscal year ended January 1, 2005. For the year, Pixar earned $141.7 million, or $2.38 per fully diluted share, on revenues of $273.5 million. This compares to earnings of $124.8 million, or $2.17 per fully diluted share, on revenues of $262.5 million for the year ended January 3, 2004.

For the quarter, Pixar earned $55.2 million, or $0.91 per fully diluted share, on revenues of $108.9 million. This compares to earnings of $83.9 million, or $1.44 per fully diluted share on revenues of $164.8 million, achieved in the fourth quarter of 2003.

"The stellar box office performance of The Incredibles, combined with the continuing success of Finding Nemo on home video, has resulted in our most profitable year to date," said Pixar CEO Steve Jobs. "Looking ahead, The Incredibles' DVD will be the one to own when it hits shelves on March 15."

The company will discuss its fourth quarter and fiscal year 2004 earnings results during the conference call to be held today, Thursday, February 10, 2005, at 5:00 p.m. EST, 2:00 p.m. PST. 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 800-553-5275 (U.S.) or 612-332-0725 (Int'l) approximately 10 minutes prior to the start time. A replay of the call will be provided through Monday, February 14, 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: 765599.

Pixar also will provide live audio streaming of its fourth quarter and full year 2004 results conference call. The webcast will be accessible through Pixar's web site at http://www.pixar.com/investor/index.html.

About Pixar Animation Studios
Pixar Animation Studios (Nasdaq: PIXR,
http://www.pixar.com) 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 16 Academy Awards(R) 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.

This release contains forward-looking information regarding Pixar's targeted release date for Pixar's next film and actual results may differ materially. Factors that could cause delays in the release of the film include, but are not limited to: (1) the uncertainties related to production delays; (2) financing requirements or other marketing or distribution factors; (3) personnel availability; (4) external socioeconomic and political events; and (5) the release dates of competitive films. Please refer to Pixar's 2003 Form 10-K and 2004 Third Quarter Form 10-Q, particularly the sections on risks, for important factors that could cause actual results to differ.


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