THQ earnings to hit $1 billion

By Emma Boyes, GameSpot UKPosted Jan 11, 2007 11:21 am PT

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

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