UFC Video Game Maker THQ Takes Losses

July 31, 2008

THQ recently released financial information for their most current quarter. For the quarter ending June 30, 2008, the company posted net earnings of $137.6 million, $33.1 more than what it took in a year ago. At the same time, while noting “important improvements in our creative development organization,” THQ reported a net loss of $27.2 million ($0.41 per share) for the April-June quarter. The cost of games has seen a marked increase for the company, according to website Gamespot.

The company expects to see a boost in profits with a strong game line-up for the rest of fiscal 2009. The company also sees UFC 2009 Undisputed in the first quarter of fiscal 2010 as a strong earner for the company in the future. Fiscal 2010 first quarter for THQ would cover the months of April, May, and June of 2009.

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