Publisher THQ announced its quarterly and annual earnings today, pulling in $830 million worth of revenue last year. That’s down from the $1.03 billion the company made during its fiscal 2008, leading to substantial losses.
THQ saw a fiscal 2009 deficit of $431.1 million, losses way, way up from the $35.3 million the company lost in 2008. Some of that net loss is due to the company’s restructuring (read: laying off hundreds, canceling games and closing down facilities), while some may simply be due to lowered revenue.
https://lastchance.cc/thq-loses-millions-will-fire-hundreds-5146601%3C/a%3E%3C/p%3E
The publisher announced earlier this year that it was shaving off some $220 million in spending, leading to cutbacks of 600 employees and the shedding of studios like Big Huge Games, Juice Games and Paradigm Entertainment.
https://lastchance.cc/thq-successfully-trims-220-million-in-people-costs-5196194%3C/a%3E%3C/p%3E
On the more positive side, THQ reports that it has sold 2.8 million units of Saints Row 2 since launch and calls Dawn of War II “the best selling PC game across major video game markets worldwide.”
For the company’s fiscal 2010, it plans to release Red Faction: Guerilla, Darksiders, UFC Undisputed 2009, and MX vs. ATV, as well as games based on its Pixar, WWE, SpongeBob SquarePants and Marvel Super Hero Squad licenses. THQ has three additional “Mass Appeal/Family” titles still to be announced for the year.
