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THQ Blames Red Faction: Armageddon for Losses

THQ's Fiscal 2012 First Quarter Results are now available, which consumes quite a bit of red ink, saying: "For the fiscal first quarter ended June 30, 2011, THQ reported net sales of $195.2 million, compared with $149.4 million in the prior-year period. On a non-GAAP basis, for the three months ended June 30, 2011, the company reported net sales of $141.2 million, compared with $160.3 million a year ago," and: "For the three months ended June 30, 2011, the company reported a net loss of $38.4 million, or $0.56 per diluted share, compared with a net loss of $30.1 million, or $0.44 per diluted share, in the prior-year period. On a non-GAAP basis, for the three months ended June 30, 2011, the company reported a net loss of $64.4 million, or $0.94 per diluted share, compared with a non-GAAP net loss of $14.4 million, or $0.21 per diluted share, in the prior-year period."

The report in part blames disappointing sales of Red Faction: Armageddon for this state of affairs, and Shacknews (thanks nin) quotes THQ CEO Brian Farrell from the post-earnings conference call saying this was a "niche" game and suggesting the Red Faction franchise may have ground to a halt: "I do not believe we went far enough in cutting our portfolio... Only titles we think will be profitable, like Saint's Row: The Third, will be supported in the future." Here's what the company's financial report says about this:

"We are disappointed in our first quarter financial performance. Sales of Red Faction: Armageddon and our licensed kids titles were below our expectations, and the late release of UFC Personal Trainer also adversely impacted the quarter," said Brian Farrell, THQ President and Chief Executive Officer. "Despite a light first half, we are looking forward to a strong and profitable second half, including what we expect to be the biggest third quarter, both in revenue and earnings per share, in our company's history, with proven franchises Saints Row, WWE and the uDraw GameTablet, all launching in November."

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27. Re: THQ Blames Red Faction: Armageddon for Losses Jul 28, 2011, 10:05 Verno
 
Oh and play RFG on the easiest difficulty level. Trust me, it's still really hard and I'm the kind of person who plays everything on the highest difficulty. Playing RFG at higher than Normal is just torture, the AI spawning becomes totally absurd.  
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Playing: Fire Emblem, Diablo 3, Bravely Default
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    Date Subject Author
  1. Jul 27, 21:55 Re: THQ Blames Red Faction: Armageddon for Losses nin
  2. Jul 27, 21:57 Re: THQ Blames Red Faction: Armageddon for Losses entr0py
  3. Jul 27, 22:00  Re: THQ Blames Red Faction: Armageddon for Losses Dev
  9. Jul 27, 23:50   Re: THQ Blames Red Faction: Armageddon for Losses Trevellian
  11. Jul 28, 01:03    Re: THQ Blames Red Faction: Armageddon for Losses bhcompy
  12. Jul 28, 01:18     Re: THQ Blames Red Faction: Armageddon for Losses Wowbagger_TIP
  15. Jul 28, 03:33    Re: THQ Blames Red Faction: Armageddon for Losses Dev
  4. Jul 27, 22:30  Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  5. Jul 27, 22:36 Re: THQ Blames Red Faction: Armageddon for Losses Aero
  6. Jul 27, 22:37 Re: THQ Blames Red Faction: Armageddon for Losses Dades
  7. Jul 27, 23:01  Re: THQ Blames Red Faction: Armageddon for Losses MuzixMon
  8. Jul 27, 23:22   Re: THQ Blames Red Faction: Armageddon for Losses Flatline
  10. Jul 28, 00:15 Re: THQ Blames Red Faction: Armageddon for Losses fujiJuice
  13. Jul 28, 02:16  Re: THQ Blames Red Faction: Armageddon for Losses eRe4s3r
  14. Jul 28, 02:31   Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  16. Jul 28, 04:16    Re: THQ Blames Red Faction: Armageddon for Losses eRe4s3r
  17. Jul 28, 04:47     Re: THQ Blames Red Faction: Armageddon for Losses Zavy
  18. Jul 28, 07:27      Re: THQ Blames Red Faction: Armageddon for Losses Asmo
  19. Jul 28, 08:14       Re: THQ Blames Red Faction: Armageddon for Losses Prez
  20. Jul 28, 08:37 Re: THQ Blames Red Faction: Armageddon for Losses Verno
  21. Jul 28, 09:07 Re: THQ Blames Red Faction: Armageddon for Losses Tumbler
  22. Jul 28, 09:14 Re: THQ Blames Red Faction: Armageddon for Losses CythrawL
  23. Jul 28, 09:32 Re: THQ Blames Red Faction: Armageddon for Losses avianflu
  24. Jul 28, 09:48 Re: THQ Blames Red Faction: Armageddon for Losses Dev
  25. Jul 28, 09:54  Re: THQ Blames Red Faction: Armageddon for Losses Verno
  26. Jul 28, 10:01 Re: THQ Blames Red Faction: Armageddon for Losses yuastnav
>> 27. Jul 28, 10:05 Re: THQ Blames Red Faction: Armageddon for Losses Verno
  28. Jul 28, 10:27  Re: THQ Blames Red Faction: Armageddon for Losses sauron
  29. Jul 28, 10:28   Re: THQ Blames Red Faction: Armageddon for Losses nin
  30. Jul 28, 11:00    Re: THQ Blames Red Faction: Armageddon for Losses eRe4s3r
  32. Jul 28, 11:54   Re: THQ Blames Red Faction: Armageddon for Losses Creston
  31. Jul 28, 11:53 Re: THQ Blames Red Faction: Armageddon for Losses Creston
  33. Jul 28, 12:45  Re: THQ Blames Red Faction: Armageddon for Losses Wowbagger_TIP
  34. Jul 28, 13:12   Re: THQ Blames Red Faction: Armageddon for Losses Wildone
  35. Jul 28, 13:29    Re: THQ Blames Red Faction: Armageddon for Losses nin
  36. Jul 28, 15:11  Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  37. Jul 28, 15:24   Re: THQ Blames Red Faction: Armageddon for Losses Prez
  38. Jul 28, 17:29    Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  41. Jul 28, 17:35     Re: THQ Blames Red Faction: Armageddon for Losses Creston
  44. Jul 28, 18:53     Re: THQ Blames Red Faction: Armageddon for Losses Prez
  45. Jul 28, 18:55      Re: THQ Blames Red Faction: Armageddon for Losses Prez
  47. Jul 28, 19:12       Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  48. Jul 28, 19:41        Re: THQ Blames Red Faction: Armageddon for Losses Verno
  49. Jul 28, 20:04        Re: THQ Blames Red Faction: Armageddon for Losses Prez
  50. Jul 28, 21:01         Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  51. Jul 28, 21:22          Re: THQ Blames Red Faction: Armageddon for Losses Verno
  52. Jul 28, 22:50          Re: THQ Blames Red Faction: Armageddon for Losses Jerykk
  54. Jul 29, 01:18           Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  55. Jul 29, 02:03            Re: THQ Blames Red Faction: Armageddon for Losses Jerykk
  56. Jul 29, 05:48          Re: THQ Blames Red Faction: Armageddon for Losses eRe4s3r
  57. Jul 29, 08:25           Re: THQ Blames Red Faction: Armageddon for Losses Verno
  59. Jul 29, 20:38           Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  39. Jul 28, 17:30   Re: THQ Blames Red Faction: Armageddon for Losses Verno
  40. Jul 28, 17:34    Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  42. Jul 28, 17:43     Re: THQ Blames Red Faction: Armageddon for Losses Creston
  46. Jul 28, 19:11      Re: THQ Blames Red Faction: Armageddon for Losses StingingVelvet
  53. Jul 29, 00:13       Re: THQ Blames Red Faction: Armageddon for Losses Creston
  43. Jul 28, 17:52     Re: THQ Blames Red Faction: Armageddon for Losses Verno
  58. Jul 29, 08:34     Re: THQ Blames Red Faction: Armageddon for Losses eRe4s3r
  60. Jul 30, 00:05      Re: THQ Blames Red Faction: Armageddon for Losses ForgedReality
  61. Jul 30, 06:23       Re: THQ Blames Red Faction: Armageddon for Losses Dev


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