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THQ posts profitable financial results

THQ's financial results for Q3 2009 (the period ending December 31) have been posted, showing a $542,000 profit; a massive upturn from last quarter's $191.8 million loss. The swing was mostly driven by strong sales of UFC 2009 Undisputed and The Biggest Loser, allowing the publisher to grab an additional 4.7% market share. Drawn to Life has also been a strong performer, selling in excess of three million copies.

While revenue remained largely flat, THQ was able to drastically cut its operational expenses by over 46% in order to achieve profitability. THQ anticipates being full-year profitable for the next fiscal year, though it declined to give profit estimations.

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gamasutra.com
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