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THQ Suffers $47 Million Loss in Q2

THQ announced today its earnings for the second fiscal 2011 quarter ended September 30. The company reported net sales of $77.1 million, down from the $101.3 million posted during the same period last year. THQ also reported a net loss of $47 million, significantly worse than last year’s net loss of $5.6 million in the same period.

Company highlights for the second quarter included the announcement of the uDraw GameTablet for Nintendo’s Wii and the establishment of a new studio helmed by ex-Assassin’s Creed creative director Patrice Désilets. THQ also extended its partnership with Nickelodeon to create more titles based on the Spongebob Squarepants brand.

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industrygamers.com
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Quagmire2484d ago (Edited 2484d ago )

"THQ also extended its partnership with Nickelodeon to create more titles based on the Spongebob Squarepants brand"

Yup, there's yer problem rite ther, ya see?

KILLERAPP2484d ago

They are still making the same Smack down vs Raw game since 2006 no change what do you expect when you do a crappy product you can’t expect for people to go buy them, there is no one to blame but yourselves…