THQ Triples Q1 Earnings, Farrell Recommends Lower Xbox Price

THQ released its Q1 results yesteday, posting triple the profits it took in last year during the same period.
The company reported profits of $2.8 million (7 cents per share), far exceeding the $860,000 (3 cents per share) it reported last year and meeting analysts' expectations for the quarter. Revenue also climbed sharply, up 34 percent over last year to $79.7 million. On a side note, THQ's CEO, Brian Farrell, opined that the Xbox was not selling well overseas, and suggested that Microsoft should drop the console's price in those regions. For several weeks there have been rumors about a possible forthcoming Xbox price cut overseas, but Microsoft has declined to comment on the subject. THQ cited WWF Raw for the Xbox, Sonic Advance for the GBA, and SpongeBob SquarePants: Super Sponge and RocketPower: Team Rocket Rescue for the PS2 as standout titles during the quarter. According to NPD TRSTS data, THQ was the top independent publisher of video games in the U.S. for the Game Boy Advance.

Latest Jobs

Manticore Games

San Mateo, California
Senior Software Engineer - Mobile

Sony PlayStation

San Diego, California
Sr. Online Programmer

The Walt Disney Company

Glendale, California
Associate Marketing Manager - Walt Disney Games

Insomniac Games

Burbank, California
Accessibility Design Researcher
More Jobs   


Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter


Explore the

Game Developer Job Board

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

Subscribe to

Game Developer Newsletter

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

Follow us


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