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THQ makes $430 million loss

THQ makes $430 million loss

THQ made a net loss of USD 431 million, which was minimised by the success of a few core titles.

Yesterday, Electronic Arts posted a net loss of more than USD 1 billion. Today, THQ reveals how much it lost in the last financial year too - and though the numbers are nowhere near as dramatic sounding, it still isn't good news.

THQ reported net sales of just USD 830 million, down from more than USD 1.3 billion the year before and causing a net loss of around USD 431 million. The loss was apparently minimised by the success of a few key titles, mainly WWE: Legends of Wrestlemania and Warhammer 40K: Dawn of War II. Dawn of War II was especially successful, proving to be the best-selling PC game of last year in a number of territories.

Saints Row 2 was a good performer for the publisher too and the company is keen to capitalise on the continued success of the series with more games.

Moving forwards THQ plans to target core gamers more aggresively in an effort to generate more profit, with THQ's Brian Farrell saying that the company will be developing mainly for a select number of popular IPs in a press release. In other words; more sequels!

"We have taken decisive actions to achieve our cost saving objectives, eliminating USD 220 million in cash expenditures while at the same time implementing a focused product strategy, said Brian." We are investing in the brands and products with the highest potential to drive THQ’s long-term profitable growth."

THQ's next big release is going to be Red Faction: Guerilla Wars on the PC, PlayStation 3 and Xbox 360. The physics-based shooter will launch in June and you can check out our hands-on preview of Red Faction: Guerilla Wars for more info on the game. Any other thoughts you have, drop 'em in the forums.

11 Comments

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Baz 7th May 2009, 11:00 Quote
Forget Red Faction - Make Company of Heroes 2 already!

Or, as THQ own the rights, how about making Freespace 3 - I'd buy 5 copies!
Gunsmith 7th May 2009, 11:08 Quote
am i the only one who read core gamers as console tards?
Jordan Wise 7th May 2009, 11:44 Quote
Quote:
Originally Posted by Gunsmith
am i the only one who read core gamers as console tards?

no
impar 7th May 2009, 11:59 Quote
Greetings!
Quote:
Originally Posted by Gunsmith
am i the only one who read core gamers as console tards?
I thought that too initially, then realised that he mentioned gamers not customers.
Whalemeister 7th May 2009, 13:02 Quote
Quote:
Originally Posted by Jordan Wise
Quote:
Originally Posted by Gunsmith
am i the only one who read core gamers as console tards?

no

To be fair THQ are one of the few companies who still dare to release PC exclusive games and not just crappy console ports
Gunsmith 7th May 2009, 13:30 Quote
Quote:
Originally Posted by Whalemeister

To be fair THQ are one of the few companies who still dare to release PC exclusive games and not just crappy console ports

yeah i guess your right, altho losing that much money could potentially mean having to start cross platforming.
xAx 7th May 2009, 19:26 Quote
Homeworld 3 and Freespace 3 thanks THQ, cheers
SMIFFYDUDE 8th May 2009, 02:40 Quote
You know how people have irrational dislikes of some people or things. Well I have one with THQ. I just think WWE and kiddy games and yes, "console tards" and can't get beyond it. I know they do other stuff, but still...
Also the THQ games I do have, the cases they come in have the title on the spine printed upside down to all my other games, that also irritates me.
Lepermessiah 8th May 2009, 12:57 Quote
Quote:
Originally Posted by Gunsmith
am i the only one who read core gamers as console tards?

Nope, cause usually that's what it means, lol. Console = fail, in my opinion, their proprietary business models, to try and force certain games to a certain platform only hurts gamers, and they stiffle innovation IMO. I have a 360 BTW, for sports games only, if sports games got the attention on PC as dumbsoles, i would sell my red ring system in a sec.
rollo 6th May 2010, 20:46 Quote
homeworld story was kinda ended tbh

freespace 3 would be epic
DragunovHUN 6th May 2010, 20:56 Quote
"Saints Row 2 was a good performer for the publisher too and the company is keen to capitalise on the continued success of the series with more games. "

YESYESYESYESYES *dances around the thread*
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