THQ didn’t have much to say about its second quarter earnings for the period ending September 30, racking up a net loss of $47 million on net sales of $77.1 million. Compare that to a net loss of $5.6 million on net sales of $101.3 million in the prior-year period, and you can see why it wasn’t very talkative. Instead, the company took the opportunity to once again point towards its future, including the December quarter launches of WWE SmackDown vs. Raw 2011 and the family friendly uDraw GameTablet for Wii … and then it looked even further in the future, laying out its March quarter releases, including Homefront, WWE All Stars, UFC Personal Trainer and de Blob 2.
But it didn’t stop there! Other forward-looking highlights included the eight-year extension of the lucrative UFC business, the hiring of Assassin’s Creed designer Patrice Désilets, and the high-profile fiscal 2012 lineup, including Red Faction: Armageddon, Warhammer 40,000: Space Marine, and the next Saints Row title. Hey, these turnarounds don’t happen overnight, right? THQ continues down its path of high-quality (and expensive to produce!) AAA releases, but we bet it wishes there was a quicker way to get there. We’ll be on the conference call hoping to learn more about what’s next at THQ and tally the number of times we hear the term “transmedia.”
THQ reports $47m Q2 loss, remains fixated on future originally appeared on Joystiq on Wed, 03 Nov 2010 17:04:00 EST. Please see our terms for use of feeds.
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