DreamWorks’ Mr. Peabody & Sherman was widely known as one of the biggest flops of the first quarter this year, but Dreamworks took an even bigger hit than it was originally reported. According to Reuters, DreamWorks Animation SKG Inc reported a first-quarter loss, compared with a year-earlier profit. The poor numbers were apparently due to the low profits from Dreamworks animations’ biggest production this year, Mr. Peabody & Sherman.

Mr. Peabody & Sherman Still
Mr. Peabody and Sherman did alright at the box office, but not well enough to save Dreamworks profits. 

According to the report, the studio had lost a net total of $42.9 million or 51 cents per share in the January 1 – March 31 period, compared with a profit of $5.6 million, or 7 cents per share, a year earlier. Revenue rose 9.3 percent to $147.2 million.

Watch the trailer below: