THQ's Q3 2009 Financials Reveal Layoffs, Cancelations and Closures
by Rainier on Feb. 4, 2009 @ 2:19 p.m. PST | Filed under News
THQ released its financial results for Q3 2009 revealing net sales of $357.3 million, compared to last year's $509.6 mill., and a net loss of $191.8 mill., compared to $15.5 million net income the year before. Sales were driven by Saints Row 2 (2.6 mill. units), WWE SmackDown vs. Raw 2009 (4 mill. units), de Blob (700k units) and Big Beach Sports (1.2 mill. units). However, due to lower-than-expected sales, THQ will further reduce spending through studio dispositions, project and 24% headcount reductions.