THQ earnings to hit $1 billion

Pixar, Nickelodeon, Saints Row, and WWE SmackDown! publisher expects to set new milestone in net sales for fiscal-year 2007.

California-based publisher THQ has had a good year, which it attributes to stronger-than-expected sales of games including WWE SmackDown! vs. RAW 2007, Cars, and Avatar: The Last Airbender.

The company behind the surprise Xbox 360 hit Saints Row has amended its forecasts for fiscal-year 2007 and expects to reach a cool $1 billion in net sales. Third-quarter net sales were also up, reaching a figure $175 million higher than the previous estimates of $425 million.

President and CEO of THQ, Brian Farrell, commented, "THQ's platform strategy served us very well this holiday...This performance combined with our successful original property launches exclusively for next-generation systems have positioned THQ to achieve the significant milestone of $1 billion in sales for fiscal 2007."

The company also said that it would be delaying the release of an unannounced PlayStation 3 title to the first quarter of fiscal-year 2008.

[UPDATE] Pacific Crest Securities analyst Evan Wilson today sent out a note to investors with his take on the THQ earnings revision, including speculation on the mystery PS3 game. Wilson said he believes the game to be a new version of Saints Row, with the delay meant to either manage the company's flow of games into the market or improve the overall quality of the game.

50 Comments

  • ricsuave

    Posted Jan 15, 2007 10:24 am PT

    "waraga
    no any other console has a 1080p resolution ps3 is the king of consoles"


    Ok, nice reasoning. Good job.

  • Cloud737

    Posted Jan 13, 2007 3:43 am PT

    W00T?!? PS3 Saints Row? Awesome!!
    "Wilson said he believes the game to be a new version of Saints Row, with the delay meant to either manage the company's flow of games into the market or improve the overall quality of the game." I sure hope it`s the later. It would be neat to see motion-sensing and better graphics and gameplay.

  • waraga

    Posted Jan 13, 2007 12:52 am PT

    no any other console has a 1080p resolution ps3 is the king of consoles

  • peeweeshift

    Posted Jan 12, 2007 5:12 pm PT

    Looks like THQ is staying multiplatform then

  • zac41

    Posted Jan 12, 2007 10:03 am PT

    strange enough, Gamespot Jeff's weight is about to reach a billion

  • theKSMM

    Posted Jan 12, 2007 8:12 am PT

    I know it's wild speculation, but the idea of Saint's Row appearing on the PlayStation 3 is kinda sweet.

  • Doolum

    Posted Jan 12, 2007 8:11 am PT

    Good for THQ.More $ in means we can expect better game.Costs a lot to develop a good game ya know.

  • fahad2mail

    Posted Jan 12, 2007 7:31 am PT

    they desearve it. looks like thq back to arena again.

  • GrimBee

    Posted Jan 12, 2007 5:39 am PT

    "faizali86
    nice to hear ps3 might get saints row. "

    It wont sell very well, unless of course GTA4 is delayed for the ps3 THAT much.. People only really bought this game because there is no gta next gen game. When gta4 comes out, all immitations will be eating its dust, likewise with games like dead rising, if resi 5 was out, you can guarantee that it wouldnt of met that 1 million mark.

    THQ better release a wrestling game where you can actually put your own music as an entrance theme... and maybe give the game a more TV LIKE feel, at the moment it looks like playing with action figures..

  • faizali86

    Posted Jan 11, 2007 11:52 pm PT

    nice to hear ps3 might get saints row.

  • thekey

    Posted Jan 11, 2007 11:41 pm PT

    TryMe01
    "$1 billion in net sales
    now how much of that is actual profit? net sales mean nothing until you deduct costs in making and promiting the game"

    They didn't say gross, they said net, meaning its there's.

  • FilthyYamBag

    Posted Jan 11, 2007 11:20 pm PT

    damn gamespot, no respect for Warhammer 40K Dawn of War

  • GrimBee

    Posted Jan 11, 2007 7:29 pm PT

    THQ better look out incase Dr.Evil gives them a call

  • TryMe01

    Posted Jan 11, 2007 6:03 pm PT

    $1 billion in net sales
    now how much of that is actual profit? net sales mean nothing until you deduct costs in making and promiting the game

  • The__Jer

    Posted Jan 11, 2007 5:00 pm PT

    Theres a search bar in the top left cornor type in Company of Heroes and you will get the best pc game of 2006. type in Dawn of War and you will get the best expansion of 2006. Type in Smackdown vs. Raw 2007 and you will get the best wrestling game/one of the best sports games of 2006. Type in Saints Row and you will get the only GTA clone to ever work really well. Type in supreme commander and you will get the most promising rts of 2007.

    so ya they suck?

  • Gigatron

    Posted Jan 11, 2007 4:37 pm PT

    if ya sick of bein' sick, and tired of bein' broke... go get yo cousin, bring yo ass to Saint's ROW!

    way to go THQ. Smile, b*tches...

  • Hurricane1123

    Posted Jan 11, 2007 3:52 pm PT

    Smackdown vs. Raw 2007 is the greatest THQ of all time.

  • okassar

    Posted Jan 11, 2007 3:50 pm PT

    Oh it's no surprise,THQ plays big.Though Saint's Row is just another game to keep GTA fans busy until GTA5,and I only buy the big hits(such as GTA,Halflife,Halo,Gears of War,Morrowind Series).Idon't but bad or ok games,not for $60.I have to say though,I played Saint's Row at my friends house and it's inbetween a hit and an ok game(it's ghetto!)

  • HoosTrax

    Posted Jan 11, 2007 3:10 pm PT

    I think I might have contributed a bit to that $1 billion in sales (own all three Dawn of War games and plan to get CoH at some point)...

    But hey, if a publisher continues to churn out quality games from their developers, I've got no problem with helping to add to their sales figures .

  • SporkFireXPS

    Posted Jan 11, 2007 2:33 pm PT

    http://www.ebgames.com/product.asp?product%5Fid=270062

  • kavadias1981

    Posted Jan 11, 2007 2:28 pm PT

    Smartest games company in the world. Shoddy games that sell bucket loads. It seems that poor quality stuff sells really well these days. (for UK readers)
    You guys remember when the only games that sold well were the ones given great scores by Mean Machines and Nintendo Magazine System. There's a bit of nostalgia for you.

  • Chief_Kuuni

    Posted Jan 11, 2007 2:16 pm PT

    I still need to get saints row, looks like a great game

  • games_pot1

    Posted Jan 11, 2007 2:15 pm PT

    Saints Row would be perfect on the PS3.

  • comthitnuong

    Posted Jan 11, 2007 2:10 pm PT

    i enjoyed cars with my brother. THQ did a great job of making the game and added a ton of those small but cool things into it. I think they could make 1billion

  • datniccah187

    Posted Jan 11, 2007 2:05 pm PT

    I love saints row, i stoped playing in the middle because i got cought up in Rainbow Six but once i'm done messing around with Rainbow i'm going to wrap up with the 3rd street saints. THQ got a nice sleeper hit right there.

  • gatsbythepig

    Posted Jan 11, 2007 2:01 pm PT

    A billion is a lot.

  • mike_515

    Posted Jan 11, 2007 1:48 pm PT

    Wooow Go THQ go THQ go!!!

  • runstalker

    Posted Jan 11, 2007 1:41 pm PT

    ]]]] It's cool - those games are their Wal-Mart specials. Keeps THQ afloat so that developers like Relic, GSC and Gas-Powered can give them high budget Warhammer 40k: Dawn of War games, Company of Heroes, S.T.A.L.K.E.R. and Supreme Commander. THQ owns on PC. Every publisher needs its undignified (in the eyes of core gamers) cash cows like in the above THQ story. I personally love what the company's been publishing recently.

  • Simsyas

    Posted Jan 11, 2007 1:37 pm PT

    "youre so dumb, what do you call Company of heroes"

    A title I never heard of before. LMAO

  • masterchief_123

    Posted Jan 11, 2007 1:34 pm PT

    "I havn't played a THQ game for years...yeah they suck "

    youre so dumb, what do you call Company of heroes

  • Simsyas

    Posted Jan 11, 2007 1:29 pm PT

    People bought the Avatar game? GHAAHAHAHAHAHAAH.

  • blacktorn

    Posted Jan 11, 2007 1:15 pm PT

    I havn't played a THQ game for years...yeah they suck

  • wilt1725grog

    Posted Jan 11, 2007 12:44 pm PT

    Hey u guys, dose anybody knows how many saint rows games has been sold? Because i do know that the game was a hit for THQ and that it did very good in the sells departmen. I like to know if the game has sold a million copies already or if it is close to selling that?

    Thank u.

  • Gmacrusher

    Posted Jan 11, 2007 12:37 pm PT

    Well those are good games aren't they...so they'll have to sell!

  • choto8

    Posted Jan 11, 2007 12:32 pm PT

    "onehung
    ffs.. industry is starting to kill the competition... it'll beat music and movie sales soon... If it doesn't already :\"

    the game industry has already passed the movie industry a couple years back. I remember reading it on the news.

  • sasuke55

    Posted Jan 11, 2007 12:23 pm PT

    I wonder if the SVR 08 seeing as it will be realeased in first quarter will have cust soundracks and actual PS3 as aposed to being a port like the 360 vers is. i will be pissed if it is and another isn't realeased on the 360 real soon.

  • Re_ensurer

    Posted Jan 11, 2007 12:20 pm PT

    I'd take $1 billion anyday.

  • SemiMaster

    Posted Jan 11, 2007 12:11 pm PT

    Well, we all know anything with the WWE brand on it will sell like hotcakes. I hope they make a Saints Row 2, although it needs to have a few more things that set it apart from GTA (I.E. stop simply slapping a new coat of paint on the exact same game over and over and over).

  • oboewan9999

    Posted Jan 11, 2007 12:02 pm PT

    BOOOOOOOOOO!!!!
    Please, encourage people not to buy ANY game that is based off of a Nickelodeon or Pixar property.

  • supergamer1289

    Posted Jan 11, 2007 11:58 am PT

    I have THQ stock! This is good news for me!

  • OfficialBed

    Posted Jan 11, 2007 11:52 am PT

    neato

  • patton101

    Posted Jan 11, 2007 11:51 am PT

    gratz thq!!

  • gam3r3OOO

    Posted Jan 11, 2007 11:47 am PT

    Well they made the dawn of war strategy games and company of heroes. They should be doing better than usual.

  • axillia

    Posted Jan 11, 2007 11:46 am PT

    It's too bad they have mostly crappy games.

  • killerzombie87

    Posted Jan 11, 2007 11:45 am PT

    Good for you THQ. Now give us STALKER.

  • dmastor

    Posted Jan 11, 2007 11:42 am PT

    WOW that's crazy hey saints row 2 please and i just brought a new pc coming in on tuesday to play company of hero and mostly Supreme Commander. THQ i wonder about EA they most be like 100 billion!

  • The__Jer

    Posted Jan 11, 2007 11:38 am PT

    THQ is my hero I mean Company of Heroes and Supreme Commander.

  • xspawn69

    Posted Jan 11, 2007 11:34 am PT

    Saints Row 2 please

  • onehung

    Posted Jan 11, 2007 11:29 am PT

    ffs.. industry is starting to kill the competition... it'll beat music and movie sales soon... If it doesn't already :\

  • Elite_Jounin

    Posted Jan 11, 2007 11:26 am PT

    Sounds good cant wait to see the games for ps3.

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