THQ Reports $136M Loss

THQ's losses for fiscal 2011 total $136 million USD, reports Gamasutra, a huge leap from the company's $9 million loss in 2010. This does not quell the optimism from the THQ boss: "THQ posted strong fourth quarter results primarily driven by the success of Homefront," said THQ President and CEO Brian Farrell. "We have already shipped 2.6 million units, a solid start for this new franchise, which kicks off the strongest pipeline of AAA core games in our history." The report says THQ anticipates "significant growth, profitability and cash" in fiscal 2012, driven by releases from a bunch of their franchises: Saints Row, Red Faction, Warhammer 40,000, MX vs. ATV, UFC, WWE, and uDraw. "We are creating a digital ecosystem for each of these games that will continue to keep consumers engaged and generate additional revenue opportunities beyond the initial retail sale," said Farrell. "We also continue to aggressively invest in our digital initiatives, including online social and mobile offerings as well as our Warhammer 40,000: Dark Millennium Online MMO." Thanks Joao.
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Re: THQ Reports $136M Loss
May 4, 2011, 10:10
7.
Re: THQ Reports $136M Loss May 4, 2011, 10:10
May 4, 2011, 10:10
 
We are creating a digital ecosystem for each of these games that will continue to keep consumers engaged and generate additional revenue opportunities beyond the initial retail sale

Incoming DLC rape in 5... 4... 3...
Avatar 56185
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Re: THQ Reports $136M Loss
May 3, 2011, 20:45
6.
Re: THQ Reports $136M Loss May 3, 2011, 20:45
May 3, 2011, 20:45
 
reisub wrote on May 3, 2011, 20:02:
That is how many they've sold. Just not to end-users.

Thank you for the double-talk.
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Re: THQ Reports $136M Loss
May 3, 2011, 20:02
5.
Re: THQ Reports $136M Loss May 3, 2011, 20:02
May 3, 2011, 20:02
 
That is how many they've sold. Just not to end-users.
Avatar 56136
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Re: THQ Reports $136M Loss
May 3, 2011, 20:01
Dev
4.
Re: THQ Reports $136M Loss May 3, 2011, 20:01
May 3, 2011, 20:01
Dev
 
Pyloff wrote on May 3, 2011, 19:52:
They shipped 2.6 million units.

Wonder how many they are going to sell?
Good point, I missed that. I should be used to it seeing sony does it all the time for the PS3.
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Re: THQ Reports $136M Loss
May 3, 2011, 19:52
3.
Re: THQ Reports $136M Loss May 3, 2011, 19:52
May 3, 2011, 19:52
 
They shipped 2.6 million units.

Wonder how many they are going to sell?

The only game they are missing is Crackdown.
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Re: THQ Reports $136M Loss
May 3, 2011, 19:21
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Re: THQ Reports $136M Loss May 3, 2011, 19:21
May 3, 2011, 19:21
 
They'd get more money from me if they threw some UFC and WWE games to the pc crowd.
Avatar 55819
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Re: THQ Reports $136M Loss
May 3, 2011, 18:37
1.
Re: THQ Reports $136M Loss May 3, 2011, 18:37
May 3, 2011, 18:37
 
Warhammer 40,000: Dark Millennium Online MMO

TAKE MY MON-- Eh hem, I mean...I'm interested to see more, maybe ill give this a shot.
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