THQ Approaches Profitability As Sales Fall In Second Quarter

Despite a considerable year-over-year sales decrease due to a lack of major game releases, publisher THQ drastically reduced its operating loss in its second fiscal quarter, moving the company towards the break-even point.

Net loss for the three-month period that ended September 30, 2009 was $5.6 million, down a full 95 percent from its $115.3 million loss the same quarter in 2008. That's even as revenues fell 39 percent to $101.3 million from $164.8 million across the same time frame.

With few big additions to the THQ catalogue, those revenues were driven primarily by ongoing major sellers like Yuke's' UFC 2009 Undisputed, which released two months before this financial reporting period began.

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