THQ earns more sales, less profits, lots of licenses

by Ross Miller { Feb 5th 2008 at 10:00PM }

For its third fiscal quarter through the holiday season, publisher THQ saw their sales boost to $509.6 million but profits down to $15.5 million (via Gamasutra). Comparatively, last year they had $475.7 million in sales (a 7% raise) and $62.1 million in profit (a 75% drop). THQ also had $27 million in non-cash charges due to the cancellations of Juiced and Stuntman.

Big sellers include THQ's licenses. Life to date sales from Nickelodeon projects total $1 billion, and WWE SmackDown vs. Raw 2008 enjoyed a whopping five million in unit sales -- behold the power of licensing.

Tags: cars, nick, nickelodeon, thq, wrestling, wwe

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Reader Comments (Page 1 of 1)

Shignami @ Feb 5th 2008 10:50PM

They need to buy new shovels for their dev teams.

nutman @ Feb 5th 2008 10:54PM

How in the hell does THQ still have the WWE license? WWE was suing THQ and Jakks pacific in 2004 because THQ and Jakks pacific were bribing WWEs head of licensing/merchandising to ensure that Jakks and THQ would continue to have the WWE game license without fear of a competitor taking it.