THQ sales, losses nearly double

Warhammer 40K: Space Marine ships 1.2 million; publisher tops forecast with $146 million in sales, $92 million in net losses; new "exciting core title" to be announced next month.

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The September release of Warhammer 40,000: Space Marine sparked sales for THQ but couldn't improve the company's bottom line. THQ today reported its financial results for the three months ended September 30, revealing that Space Marine shipped 1.2 million copies to retailers as the publisher posted revenues and net losses that both nearly doubled year-over-year.

Titus racked up 1.2 million new notches on his bolter.

For the quarter, THQ reported sales of $146 million, up 89 percent from $77.1 million for the same quarter last year. While the publisher's sales nearly doubled, so too did its net losses. The quarter saw THQ post a net loss of $92.4 million, compared to $47 million in red ink for the same period the year before.

Despite the losses, THQ expressed optimism for the future. The publisher expects its October-December quarter--anchored by Saints Row: The Third, WWE '12, and the Xbox 360 and PlayStation 3 launches of the uDraw Game Tablet--to be the company's biggest ever in terms of revenues and profits. In a post-earnings conference call, THQ CEO Brian Farrell said preorders for Saints Row: The Third and WWE '12 are both up significantly over the preceding installments in those series.

While the uDraw is set to launch before year's end, the game THQ described as a "killer app" for the peripheral--Disney Animator--has been delayed. In the conference call, THQ CFO Paul Pucino said Disney Animator has been pushed from its original March 2012 launch window and is now planned to debut on the Wii U and uDraw in the company's fiscal 2013, which runs from April 2012 to March 2013.

Finally, Farrell said THQ has more up its sleeve. Specifically, he teased that the publisher has "one more exciting core title that will be unveiled next month."

Space Marine casts players as Captain Titus of the Ultramarine chapter of the iconic Warhammer 40,000 fighting force, one of humanity's last hopes in an intergalactic war against the sinister Orks. Players are charged with defending an Imperial Forge World from the Orkish invasion, a task made more complicated when the forces of Chaos make their presence known.

For more on the third-person shooter, check out GameSpot's review of Warhammer 40,000: Space Marine.

Discussion

98 comments
dxBIGBOSSxb
dxBIGBOSSxb

@squidshoggoth True, but by now the mainstream community market is actually tainting other game franchises and it sickens me. Such as the stupid CoD vs. BF crap that's going down (That is obvious), but now since the confirmation of GTAV, both GTA and Saints fans are at a complete dispute, and the rivalry is following the same idiotic pattern as BF vs CoD. 1. The games play nothing a like 2. They're made for completely different age groups (CoDs are Tweens, BF's are adults / Saint's are Tweens/ GTA's are adults, by adults I mean 18+, also I'm an adult and I love Saints) 3. One is mostly combat focused, the other is strategy focused 4. One looks realistic, the other looks like a cartoon 5. One is meant to implement strategy, the other is meant to be zany and silly. See the pattern? My point is that now these mainstream rivalries are affecting other game franchises... and the abundance of Gears fans bashing 40k Space Marines shows there is a rivalry insuring in these two games as well, which is shocking because Gears already has an unnecessary rivalry with Uncharted, more games with the same pattern as I listed.

Hakkology
Hakkology

This explains everything... They are short on money, EA must have promised them money and they sell their games on Origin, dooming Steam. Just when Steam was figuring a way of "trading games" and making it better for us gamers... EA smells the money though. God help us if EA manages our digital game distribution stuff.

squidshoggoth
squidshoggoth

@dxBIGBOSSxb indeed, but douchebags need to be offloaded somewhere. personally i think the mainstream is fitting for them, after all almost everything mainstream is nothing but mindless sheep praising something.

Hail23
Hail23

@Gelugon_baat anytime

beny_pimpster
beny_pimpster

hm....wwe'12, did they forgot wwe all stars for the 3ds??? you never know when a miracle could be made :D

xQuelx
xQuelx

I really think THQ's November Games Release of Saints Row: The Third and WWE'12 are reallying going to show companies who's better. Im not a huge WWE fan but i still take the time to play for the fun of it. Im more of a Saints Row Saga guy, and by the looks of it alot more people then i expected is as well. So I really think that THQ is going to get over any issue that they are having.

OreoPoptart
OreoPoptart

@xHOJUx dude it's still not a great game. when is the last THQ game sold over 1 million in 2 weeks. the company haven't done anything for the passed 4 years.

TehUndeadHorror
TehUndeadHorror

Aww I like THQ, they're up there on my GC list with Ubisoft. Hope they recover!

styymy
styymy

THQ messin round, their top brass is brain dead they need to let Relic do Homeworld 3.

Jebril
Jebril

They should stop making everything but Saints Row and some WWE games (for those people who always buy em') the other games aren't gonna sell, sorry. THQ hasn't become a reputable developer yet like Ubisoft did with GRAW and Assassin's Creed. In order to sell games well your reputation must be worthwhile, you get this rep by making REALLY GOOD GAMES.

JakeX28
JakeX28

I like THQ a lot. But their mroe recent games have not really interested me so much. Let go team THQ!

dxBIGBOSSxb
dxBIGBOSSxb

@boyardee14 Most games released cost at least 25 million to make... so yah, I think half a million is good.

boyardee14
boyardee14

wait? isnt 1.2 million good sales. your making it sound like it isnt. i thought anything over half a million was respectable

firedrakes
firedrakes

another big issue is the over price dlc for games. which half are already on the disc. but you got to pay to play

dizzyrhino
dizzyrhino

@loopy_101 I meant because since THQ is milking the UFC now and people have started buying UFC, the UFC has become their new WWE

w0rk4u
w0rk4u

I want a new Space Quest.

w0rk4u
w0rk4u

In my opinion, and from my limited knowledge about the company - THQ has made some bad decisions this year and it costed them a few great title(S). I'm talking about Homefront here. The game was supposed to have it all, Red Dawn writer, spot on concept... etc. But they pushed it out before it was done - yeah guys let's just wrap this up!? What were they thinking? And then no dedicated server on what was looking like a pretty decent multiplayer shooter... I don't think the guy in charge over there has any idea what gaming is all about. You know that "let's meet the deadline" "fasttrack" kinda guy. While I say that, I don't think Duke Nukem Forever has set a good precedent for the "done when it's done" moto. And that brings us to Gearbox Software....

CFritzRun
CFritzRun

Don't worry THQ, Saints Row The 3rd will probably save you. I know that's where I'll be chipping in.

ViperAnaf
ViperAnaf

if they added dedicated servers they would have doubled their sales... fits them right - im not going to pay for the new DLC

PublicNuisance
PublicNuisance

If all of your games are selling well and your still losing money it shows your higher ups don't know how to run a company well.

TheTrueObelus
TheTrueObelus

Well if I have my math right they went from a profit of 30 million last year to 53 million this year. So they made 23 million more this year than last year. This is actually good news...so why do I feel like the article is suggesting THQ is in trouble?

DP1130
DP1130

Dawn of War 1 with winter and DC, Metro 2033 were absolute incredible to play. DoW 2 and Space Marine felt very shallow. I dunno, getting nervous. THQ do put together reasonably good Warhammer games, and would like it to continue. Get those profits up THQ.

BDK-Soft
BDK-Soft

Not really a big surprise. Awful games coming from THQ lately including DoW II and some other junk. Step it up guys or be forgotten.

GabrielOnuris
GabrielOnuris

BTW, this next title isn't a Space Marine sequel, unfortunately. Source

GabrielOnuris
GabrielOnuris

[This message was deleted at the request of the original poster]

GabrielOnuris
GabrielOnuris

[This message was deleted at the request of the original poster]

GabrielOnuris
GabrielOnuris

@OreoPoptart As @xHOJUx, I liked Metro 2033 too. I think most people who disliked Metro 2033 did so because they thought it would be another "cod like" action shooter. it IS NOT a shooter, it's a survival horror game, just like the original Resident Evil (does anyone remember that title anyway?). Yeah, that's the why weapons in the game isn't so easy to shoot, ammo isn't so easy to find and the action pace is frequently stoped between levels, when you stop to breath in the stations. In other words: an absolutely audacious and amusing game.

Stressthesky
Stressthesky

Taking the profits minus losses they end up over 50 million $ in the green. That's a good thing, why the negative angle on the story?

Brokenhope69
Brokenhope69

Red Faction: Armageddon had more of the 'feel' of the original games. Guerilla felt thw opposite of that. It was open world and takes place outside. Armageddon adheared to the origins of Red Faction by keeping it underground, dark and more linear. Also, I'm very choosy about open world games. Red Dead Redemption and Prototype are two of the few I actually enjoy. The Fallout games as well but those are more 'open world' RPG than 'open world' Sandbox.

majere613
majere613

There must be something a bit odd going on at THQ if they double their sales, and yet also double their losses. I mean, correct me if I'm wrong but the idea is to sell stuff to make more money to make more stuff to sell, which doesn't really work if selling more stuff makes you lose money.

inaka_rob
inaka_rob

@Brokenhope69 WHAT? you have it backwards my friend. and I think MOST red faction fans side with me. While I really like Armageddon. It was not a good red faction game. good game... yes. good red faction. no. gurilla was amazing. and the addation of aliens to red faction universe is now perminent. it can not simply be magicly undone. the game was always mans struggle agianst mars and each other. while the aliens were fun, they were a terrible cheap addition to the red faction world. AND to show how juvline it at who ever's idea it was. they kept calling them aliens! BUT they were from mars. so they were martians. and the humans are the ALIENS!

inaka_rob
inaka_rob

thq is probably one of my favorite companies. none of their games are quite AAA quilty, but all of their games are super fun, and unique. yeah saints row is a GTA clone, but so are 50 other sand box games. THQ games like Saints Row have far more flavor than most games out there, same with red faction, de blob, etc etc etc.

Brokenhope69
Brokenhope69

I loved Homefront, Red Faction: Armageddon and Space Marine. Got em all the day they came out. Armageddon is definitely a step in the right direction after that terrible Guerilla.

pszone
pszone

All games they reasle so this year its thq fault for not putting money to mak great games. But SR3 will be blast until gta5 come out next year :]

maderrin
maderrin

Looks like supporting yourself with casual/non-gaming stuff (this uDraw thingy) is becoming a lifeboat for certain companies. Hope this won't pull them away from making hcore titles.

commander1122
commander1122

i wan dawn of war 3 play like dawn of war 1.......dawn of war 2..is boring....

monster637
monster637

You guys would be surprised the WWF raw wrestling games Have a hardcore fanbase. ive never played one,was told it similar to the ufc mechanics, lol me and my homies do all own the all stars that game is a blast for arcade style action. Now saints was xbox 360 answer for not having a sandbox game for its console back in the day.... Loved sr1 &2....

j0abell
j0abell

When it comes to the W40K IP, everyone talks about Space Marine. It's ok, my only complaint being that they could have mixed up the enemies and environments more. No one even talks about DoW2 though. No one who liked it, liked it all that much. At best it was ok, but at worst it was utter garbage compared to the first DoW. Kind of like Red Faction Guerrilla and Armageddon.

Hail23
Hail23

@Gelugon_baat for your Possibility #2 that is WWE '12. no more Smackdown vs Raw.. WWE'12 is the revamp (More like the tv show).

M-S-M-S
M-S-M-S

I have a lot of respect for THQ. They took a lot of risks with Metro 2033, Stalker, etc. and they published amazing games (Warhammer, Company of Heroes, Supreme Commander, etc.). I hope they'll do better in the future. Can't wait for their next sale on Steam.

face_ripper
face_ripper

@dizzyrhino They are 2 very different things, WWE is fake UFC is real

face_ripper
face_ripper

If Red Faction armaggeddon was an updgrade to red faction guirella, than i guess their sales weren't gonna be this crappy

Papajeano88
Papajeano88

Space marine was a damned good game for a fan of the TT, Loved it, hope they decide to keep with the 40k shooters, or hell, make a fantasy roleplaying game!

rprevidi5
rprevidi5

Company of Heroes 2 would definitely be nice.... been waiting a long time for the next iteration.

demondogx
demondogx

maybe spend more time on making game and less time on makeing dlc's ?

marcelinof
marcelinof

Company of heroes 2!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

John_Read
John_Read

THQ please give us Company of Heroes 2

wavelength121
wavelength121

I don't think it's their games or marketing that are the problem, it's the fans. Gamers are generally disrespectful little welts.