THQ Q1 profits get TKO'd ($30M in losses)

by: Ben Berry -
More On: UFC 2009 Undisputed UFC Undisputed 2010

THQ announced it's 1st quarter sales numbers for 2010, and the news isn't good. Net sales of all titles were down about $100M from the same time last year (243M down to 149M), but worse were the profit numbers. THQ posted a loss of $30M this quarter against a $6M profit for the same time last year.

The biggest factor in all of this is that THQ hasn't launched a significant new title this quarter. Last year, there was Red Faction: Guerilla and UFC 2009. While UFC 2010 was released to strong sales, it sold 200,000 copies fewer than last years title. There was probably a significant money burn as the Warhammer 40K mmo is readied for launch.

So while the news wasn't good it certainly doesn't point to THQ being in significant trouble anytime soon.

comments powered by Disqus