THQ full-year losses hit $240 million with revenue up - Polidicks

[quote][url=http://www.gamesindustry.biz/articles/2012-05-15-thq-full-year-losses-hit-USD240-million-with-revenue-up][img]http://dl.dropbox.com/u/12875849/jotain/gamesindustry.png[/img][/url] [B]Despite a 44 percent increase in digital sales for the fourth quarter, THQ gets hit hard [/B] THQ today announced its earnings report for the fiscal fourth quarter and full year ended on March 31, 2012. For the fourth quarter, total sales came to $184.2 million (£115.2 million), up from $124.2 million (£77.7 million) year-over-year. Net losses also grew to $53.2 million (£33.3 million) from a total of $44.1 million (£27.6 million) last year. For the full fiscal year, total sales rose to $830.8 million (£519.4 million), versus 2011's total take of $665.3 million (£416 million). Despite higher total sales, the publisher still suffered a net loss of $239.9 million (£150 million), a rise from net losses of $136.1 million (£85.1 million) the previous year. In the win category, digital revenue for the fourth quarter came to $18 million (£11.3 million), 44 percent higher than the fourth quarter of 2011. THQ also saw Saints Row: The Third ship more than 4.25 million units to date, totaling more than 11 million units for the franchise globally. WWE 12 shipped more than 2.2 million units since its launch in November of 2011. UFC Undisputed 3 has shipped 1.4 million units since its February 2012 launch date. "We exceeded our initial fourth quarter guidance for net sales, earnings and cash position, driven by high quality core games with a significant digital component, which is the blueprint for our future," said THQ President and CEO Brian Farrell. "We have made significant changes to our business, and are on track to execute our strategy of delivering quality connected core gaming experiences, beginning with the sequel to the award-winning Darksiders in August." The company's business realignment plan included dropping hardware and software development for the uDraw GameTablet, and THQ is still looking to sell the remaining uDraw inventory this fiscal year. For fiscal 2013, key titles include Darksiders II, the Saints Row: The Third standalone extension Entire the Dominatrix, the recently-announced Company of Heroes 2, Metro: Last Light, South Park: The Game, and the annual WWE title. [/quote]

Rip Company of Heroes II, at least we will have Eastern Front for the CoH when THQ goes under!

[QUOTE=plokoon9619;35970030]Rip Company of Heroes II, at least we will have Eastern Front for the CoH when THQ goes under![/QUOTE] Did you even read the article?

[QUOTE=plokoon9619;35970030]Rip Company of Heroes II, at least we will have Eastern Front for the CoH when THQ goes under![/QUOTE] Last paragraph, read it.

At least it's getting better. Especially with a line-up like that.

I'm looking forward to CoH2 and Metro.

Well I'm still happy to see that they're releasing the titles that I want next year. [QUOTE=plokoon9619;35970030]Rip Company of Heroes II, at least we will have Eastern Front for the CoH when THQ goes under![/QUOTE] Eastern Front is not that good.

[QUOTE=-Rusty-;35970480]I'm looking forward to CoH2 and Metro.[/QUOTE] I hope they don't do a dawn of war 2 with it and take all the basebuilding out of it.

Would have a pre-order on Darksiders if it wasn't cutting a bunch of missions to use as a pre-order exclusive probably still be picking it and Metro up at some point though, THQ definitely puts out the most interesting games of all the big publishers so I hope they don't die.

[QUOTE=carcarcargo;35970508]I hope they don't do a dawn of war 2 with it and take all the basebuilding out of it.[/QUOTE] Read up on it, they're making some brilliant choices with CoH 2.

Darksiders II, the Saints Row: The Third standalone extension Entire the Dominatrix, the recently-announced Company of Heroes 2, Metro: Last Light These alone are guaranteed to bring in some serious revenue. WWE and South Park will just drop them back down, though.

I'm not sure how evil THQ is, but it might be sad if they sink all the way down or get bought up by some other mega publisher.

Really hope Enter the Dominatrix is EFLC length, else they'll have lost me for Saints Row.

Metro Last Light for the right price will bring a lot of money. Same with CoH2 and Darksiders 2.

THQ, eh? I don't really hear anything controversial or... anything really from them. Is that just my narrow perception or are they really that much in the background? Interested in Metro tho. Not sure if I'll like it, but I like Metro 2033's immersive atmosphere quite a bit.

I'm sick of Relic developing CoH and bloody War hammer RTS's. I want to see something new or a new Homeworld game seeing as they haven't done one in a long time.

[QUOTE=Shocky;35971143]I'm sick of Relic developing CoH and bloody War hammer RTS's. I want to see something new or a new Homeworld game seeing as they haven't done one in a long time.[/QUOTE] To be fair, CoH & DoW2: Retribution were really good games. Besides, Sins of a Solar empire is great to play in the case if they make another Homeworld after the new CoH.

[QUOTE=Marik Bentusi;35971059]THQ, eh? I don't really hear anything controversial or... anything really from them. Is that just my narrow perception or are they really that much in the background? Interested in Metro tho. Not sure if I'll like it, but I like Metro 2033's immersive atmosphere quite a bit.[/QUOTE] THQ are quite a quiet publisher. The only real "controversies" they cause are massive amounts of DLC being released for certain games, and a total lack of profits for a few years. They aren't exactly a massive publisher, people tend to forget they exist, but they do publish some great games from time to time.

[QUOTE=Shocky;35971143]I'm sick of Relic developing CoH and bloody War hammer RTS's. I want to see something new or a new Homeworld game seeing as they haven't done one in a long time.[/QUOTE] I don't really mind, they're one of the few devs who still do decent strategy games other than creative assembly and blizzard.

[QUOTE=hexpunK;35971208]THQ are quite a quiet publisher. The only real "controversies" they cause are massive amounts of DLC being released for certain games, and a total lack of profits for a few years. They aren't exactly a massive publisher, people tend to forget they exist, but they do publish some great games from time to time.[/QUOTE] They released some real stinkers in the 90s but they've gotten better.

That's weird that there's no mention of Homefront 2 anywhere.

[QUOTE=Marik Bentusi;35971059]THQ, eh? I don't really hear anything controversial or... anything really from them. Is that just my narrow perception or are they really that much in the background? Interested in Metro tho. Not sure if I'll like it, but I like Metro 2033's immersive atmosphere quite a bit.[/QUOTE] The only really 'controversial' thing that happened was the complete failure of Red Faction: Armageddon. That, plus the many disappointments of Saint's Row 3, led to a rather bad 2011 for THQ.

Never going to do this, but would it be smart to buy some shares of their stock now and sell them when Metro last light comes out?

Relic and Volition, two legendary game studios, are keeping THQ alive. OTOH, both were creators of awesome space games like Homeworld and Freespace 2, yet there's almost no chance we'll see any new installments in those franchises any time soon.

[QUOTE=Yogkog;35973256]Never going to do this, but would it be smart to buy some shares of their stock now and sell them when Metro last light comes out?[/QUOTE] Possibly. Last Light will probably give their stocks a boost, so buying now and selling when the game comes out could be a wise investment. Of course, there's the possibility that Metro: Last Light could be total crap, but that's the risk, isn't it?