informa
1 MIN READ
News

'Higher-than-expected sales' boost THQ's Q4 expectations

THQ has said that it expects to exceed its previous financial expectations for the fourth quarter of the last fiscal year, thanks to "higher-than-expected" sales of Saints Row: The Third and UFC Undisputed 3.
THQ has said that it expects to exceed its previous financial expectations for the fourth quarter of the last fiscal year, thanks to "higher-than-expected" sales of Saints Row: The Third and UFC Undisputed 3. The company now expects to report sales of $160-170 million for the three month period ended March 31, 2012, compared to its original estimate of $130-150 million. It said that this revised figure was down to strong retail sales of Saints Row: The Third, and higher-than-expected digital sales of the game. THQ said that the game has now sold more than 4 million units since it launched last November. UFC Undisputed 3 has also sold better than previously expected, said THQ, thanks in part to good press reviews for the game and a solid Metacritic rating of 85. Thanks to these fourth quarter results, the company now expects to report its year-end cash balance as $76 million, three times higher than previously estimated, while its net loss per share will now be in the $0.10-0.20 range, compared to the previously expected $0.35-$0.50 range. This is the first piece of positive news for THQ in a while, as the company's third quarter revenues fell well below analyst consensus earlier this year, with reported sales of $404.4 million and a loss of $55.9 million. After THQ was forced to lay off 118 employees from its Relic Entertainment and Vigil Games subsidiaries, Take-Two CEO Strauss Zelnick predicted that the company won't last another six months.

Latest Jobs

Manticore Games

San Mateo, California
8.23.22
Senior Software Engineer - Mobile

Sony PlayStation

San Diego, California
6.23.22
Sr. Online Programmer

The Walt Disney Company

Glendale, California
8.1.22
Associate Marketing Manager - Walt Disney Games

Insomniac Games

Burbank, California
8.26.22
Accessibility Design Researcher
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more