WARNER Bros bosses will be feeling anything but desolation after The Hobbit's Boxing Day box office success.
The film grossed $5.465 million yesterday in its first day in Australian cinemas.
The second instalment in director Peter Jackson's epic Hobbit film trilogy, The Hobbit: The Desolation of Smaug stars Martin Freeman as Bilbo Baggins and sees the return of Orlando Bloom as the arrow-shooting elf Legolas.
But the second film didn't quite match last year's success of The Hobbit: An Unexpected Journey, which raked in $5.925 million to become Australia's biggest ever Boxing Day release.
So far The Desolation of Smaug has grossed $1 billion worldwide.
The second biggest Boxing Day release was Disney's new animated family film Frozen, which grossed $1.648 million.
The Secret Life of Walter Mitty, directed by and starring Ben Stiller, came third with $860,000 on opening day.
Update your news preferences and get the latest news delivered to your inbox.