THQ net sales come in at $77 million for Q2 FY11, losses in line with guidance

By Stephany Nunneley, Wednesday, 3 November 2010 21:44 GMT


THQ has reported its financial results for quarter two of the company’s fiscal year 2011, which ended on September 30, and it finds the publisher with net sales of $77 million, compared with $101 million in the prior-year period.

For the three months ended September 30, the company reported a net loss of $47 million, compared with a net loss of $5.6 million YoY – these losses were expected by the company.

“This holiday begins the consistent flow of quality products that we’ve been investing in over the past two years,” said CEO Brian Farrell in a statement. “Our December quarter will be led by WWE SmackDown vs. Raw 2011 and our new uDraw GameTablet. Key releases for our March quarter include our new core game franchise Homefront as well as WWE All Stars, UFC Personal Trainerand de Blob 2.

“We continue to invest in our long-term product pipeline, with the recent eight-year extension of our UFC relationship, and the planned addition of Patrice Désilets to our growing team of talented artists creating new intellectual properties for THQ. Our goal this fiscal year continues to be to position THQ for significant growth in fiscal 2012 and beyond, with high quality core games such as Red Faction Armageddon, Warhammer 40,000: Space Marine, and the next installment of our Saints Row franchise scheduled for release in fiscal 2012.

“We continue to execute on our strategy of integrating a digital component into all of our key franchises, including downloadable content and games on the iPhone, iPad, Facebook, Xbox LIVE Arcade and PlayStation Network.”

Sales on Nintendo DS for the company came in at $17 million, Xbox 360 games hit $14 million, Wii games sold $13 million and PS3 garnered $12 million fro the company. PC sales accounted for roughly $9 million, PSP around $7 million, PS2 $1.9 million, and wireless with $1.4 million.

US domestic sales for the company came in at 58.7 percent with $41 million, while international sales accounted for 41.6 percent of the company’s sales of $29 million.

A conference call to investors is set to go off in a bit, and we will be listing anything interesting.

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