THQ sales up a third

Company of Heroes publisher announces record earnings for its third financial quarter; credits top franchises with boosting sales.

With its stock options investigation firmly behind it, THQ looks set to reach its predicted billion in net sales for the financial year ending March 31. The Saints Row publisher's third-quarter earnings--the three-month period ended December 31, 2006--were up 33 percent over the same period last year, at $475.7 million compared to $357.8 million in 2005. Sales increased by 30 percent to $854.8 million from $658.5 million, giving THQ a reported net income of $61.5 million.

The company cites its record sales and earnings as due to strong performances by titles such as WWE SmackDown! vs. RAW 2007, Cars, Avatar, SpongeBob SquarePants, and Destroy All Humans! 2.

The most revenue came from PlayStation 2 titles, which accounted for 38 percent, followed by the Xbox 360 with 12.5 percent and the Nintendo DS at 11.2 percent. PC sales were also up for the company in both the US and the UK--7.6 percent in the US, and 7.9 percent in the UK. THQ was the number three independent publisher stateside by market share, and number two in the United Kingdom according to UK Chart-Track.

THQ president and CEO Brian Farrell commented, "Our success was driven by our Disney/Pixar, WWE, and Nickelodeon franchises, as well as outstanding results for our two newest owned intellectual properties, Saints Row and Company of Heroes."

The company also announced this week that popular modern action-adventure Saints Row will be coming to the PlayStation 3 this "spring." Other 2007 releases include sci-fi action game S.T.A.L.K.E.R.: Shadow of Chernobyl in March, RTS Supreme Commander in February, and Titan Quest expansion pack Immortal Throne in March.

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27 comments
gbrading
gbrading moderator

Company of Heroes and Saint's row really helped to push up these figures. Amazing how well franchises like Cars can do.

TryMe01
TryMe01

SpongeBob SquarePants and Cars sure do wonders for a struggling publisher

Chief_Kuuni
Chief_Kuuni

well I don't really like any of their games, not to say they're bad, just not my type

comthitnuong
comthitnuong

it seems like they have a good amount of good looking games coming out too

RaiKageRyu
RaiKageRyu

Looks like thier best game this year, will be Supreme Commander.

hirmetreus
hirmetreus

"They deserve all the credit in the world, especially for Company of Heroes." A lot more of that credit should go to relic too, since they kind of....DEVELOPED the game. I'd also like to take this moment to point out the month long waits inbetween both DC and CoH releases in EU and AU after its out in US. Don't forget the unannouced MMO they have in the works(confirmed by a interview about WAR, when he let slip something about 'THQ's other projects')

mismajor99
mismajor99

Three more kick arse games coming from THQ: S.T.A.L.K.E.R.: Shadow of Chernobyl in March, RTS Supreme Commander in February, and Titan Quest expansion pack Immortal Throne. Oh yeah, pre-ordered Stalker already.

anarchicgoth
anarchicgoth

its because of Saints Row- they shouldn't bring it to the PS3- its like a stab in the back- i remember an interview with the producer and he was praising the 360 and dissing the PS3- what now?? Its the publisher!

Dante565
Dante565

I like what the company does and hope they keep working hard. Nice Job guys.

Doolum
Doolum

THQ is one of the best you shall find around.

mismajor99
mismajor99

They deserve all the credit in the world, especially for Company of Heroes.

TotalGmr4Life
TotalGmr4Life

It shouldn't really be news that games that are 3rd party and were never listed as exclusive are coming to a different platform. It should be expected. It's all about the money (see poorly made licensed movie games). I just hope they don't give PS3 owners straight ports.

bassam10
bassam10

smackdown vs raw 2008 is coming to ps3 see it in ign.com

bassam10
bassam10

i now that lot of you guys want smackdown vs raw to ps3 and i got some great news its coming smackdown vs raw 2008 to ps3 you can see it in ign.com and yo scremdream i am not kidding!!

dmastor
dmastor

They made grat games I hope ufc is good this time around the last one had to be the worst games ever made. I'm going to buy company of heros as soon as i beat age of empires 3

ScreamDream
ScreamDream

Can we get Smackdown VS Raw on PS3 please?

blackdamage
blackdamage

I'm not one for licensed games, but I can see why they sell a lot.

GameAuthority
GameAuthority

Good Job. Although Im sure gamers dont care for the licensed products, Company of Heroes and Saints Row were solid titles. I cant wait for Supreme Commander this month.

axillia
axillia

Wish I had some stock in THQ.