THQ's Sales Down, Losses Up, Reveals New Titles
by Rainier on May 6, 2009 @ 2:11 p.m. PDT | Filed under News
THQ released its financial results for Q4 and fiscal year 2009 revealing that net sales were down about 20% (from 2008's $1,030.5 million to $830.0 million) while net loss ballooned from last year's $35.3 million to 2009's $431.1 million. Sales were driven by the newest WWE title and Dawn of War II. Looking ahead THQ plans to release a slew of titles, including new installments in the MX vs. ATV, SpongeBob, and Pixar's Cars franchises, as well as three titles to be announced.
