THQ announced that it had made a USD$136 million loss for the fiscal year of 2011(which ended on March 2011), despite strong sales for Homefront (totaling 2.6 million units shipped). It had made a net loss of USD$9 million in 2010. Despite this, THQ maintains it is looking forward to ‘significant growth, profitability and cash’ in fiscal 2012. Its future line up includes MX vs ATV, Red Faction, Warhammer 40k, UFC, WWE titles(which made up the bulk of profits) and Saints Row for the ‘core’ market. Its strategy also includes creating a ‘digital echo system’ for these core titles. CEO Brian Farell said ‘We are creating a digital ecosystem for each of these games that will continue to keep consumers engaged and generate additional revenue opportunities beyond the initial retail sale,’. Fancy way of saying we will be releasing lots of DLC’s for these titles to generate longer term profit from them.
Source: THQ Investor News
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