DreamWorks Animation, maker of the “Kung Fu Panda” films, said fourth-quarter profit tumbled 72 percent as DVD sales declined.

Net income fell to $24.3 million, or 29 cents a share, from $85.2 million, or 99 cents, a year earlier, the Glendale, Calif.-based company said. Excluding items, analysts projected profit of 31 cents.

“Kung Fu Panda 2,” one of two films DreamWorks Animation released in 2011, reached the home-video market in mid-December.

Fourth-quarter sales declined 21 percent to $219 million from $275.7 million a year earlier, beating analysts’ projections of $205.1 million.

DreamWorks Animation rose 2.1 percent to $19.65. The shares have gained 18 percent this year.