THQ reports poor financial results; Red Faction franchise now on hold

Game publisher THQ released its latest financial results today and the numbers were a big disappointment for the company. The company recorded non-GAAP revenues of $141.2 million for the quarter that ended on June 30. That compares to revenues of $160.3 million for the same period a year ago. THQ recorded a non-GAAP net loss of $64.4 million for the quarter compared to a loss of $14.4 million for the same period a year ago.

THQ blamed the numbers on the lower than expected sales of a number of games released in the last quarter, including the heavily hyped third person sci-fi shooter Red Faction Armageddon. In fact, during the conference call with analysts today, THQ CEO Brian Farrell stated that due to the poor sales of the game the entire Red Faction series is being retired, at least for now. He stated, "We do not intend to carry forward with that franchise in any meaningful way." In addition, THQ also blamed the fact that the release of its UFC Personal Trainer game was released too late in the quarter to have much of an impact. On the other hand, the company expressed optimism that upcoming quarters will show improvement, especially with the release in the fall quarter for games like Saints Row The Third, its next WWE pro wrestling game and the next game in its UFC mixed martial arts game series.

In addition to the games planned for release for the rest of 2011, THQ has already revealed plans for games in 2012 and 2013. That includes Metro Last Light, a sequel to 2010's post apocalypse shooter Metro 2033. Another sequel due out in 2012 is the action game Darksiders 2. THQ plans to also release inSANE, a horror-themed game, sometime in 2013. Finally the company still has plans to release an MMO based on the Warhammer 40,000 game franchise.

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oh and eh RFA is actuall quite good 8/10 id say, not an A+ title but decent and with not much on the release calendars the last few months people should really pick it up

There 40k games are expectional and Im honestl foaming at the mouth at the thought of the 40k mmo (dark millenium).

No mention of 40k Space Marine, think that might claw them back some revenue assuming the dont release it a week before GOW3

Not surprised, RF Guerilla was a sleeper hit got pretty decent reviews it was an open world sandbox type game. RF Armageddon was completely the opposite, it forced you into some narrow corridor shooter, if it had been an open sandbox game it would have done just as well probably.

if they didn't use steam for Dawn of war series i would have gotten dawn of war 2 games. the first one wasn't so bad since it used gfwl, but i didn't want to have to use something i dont like like steam just because they wanted to use steam, of course before dawn of war 2, they used gamespy... then gfwl/steam and now only steam... instead of implementing their own system like battle.net.
i hope they wont screw warhammer 40k mmo, with stupid decisions. it might be actually good.
but they shut down Company of heroes online for unknown reasons before being in final stage. so, bad decisions aren't helping them.

EmilyTheStrange said,
if they didn't use steam for Dawn of war series i would have gotten dawn of war 2 games. the first one wasn't so bad since it used gfwl, but i didn't want to have to use something i dont like like steam just because they wanted to use steam, of course before dawn of war 2, they used gamespy... then gfwl/steam and now only steam... instead of implementing their own system like battle.net.
i hope they wont screw warhammer 40k mmo, with stupid decisions. it might be actually good.
but they shut down Company of heroes online for unknown reasons before being in final stage. so, bad decisions aren't helping them.

GFWL is awful, but im getting annoyed that all these companys have all these different systems.

Beyon_Godlike said,

GFWL is awful, but im getting annoyed that all these companys have all these different systems.

its not awful, ive used alot gfwl specially with Age of empires online when i tested beta and it was always ok for me. i woudl change ui to make it like xbox, but hopefully they will do it with win8.

And, well thats my point, warhammer 40k 1 with gamespy, now you cant/couldn't chat with your friends playing dawn of war 2, and again! you cant chat with your friends or not even play with them if they play dawn of war 2 retribution. so its stupid how they decide which system, instead of being like "ok we will make something like battle.net and end!" this is one reason i didn't get it, also becasue i didn't want to install steam to play it. kinda like they ruined warhammer 40k seriies with these kind of decisions.

anyway, i wish game companys stopped this steam crap, and they just made it the old way. kinda like MMOs, where you dowload game, it has the client, you launch game, you enter account and you play the game. you dont have to worry about installing stupid software to launch and play your games.

If they built their own system they would have to maintain and support it which would cost them a lot of money, so its better for them to use someone elses no?

Whether its better for the end user is up for debate but personally I prefer the steam way of doing it as the last time I ran DoW2 I had to restart the game 4 times!! to perform all the changes that GFWL needed before it would let me play single player

Metro 2033 was not entirely bad, it had its moments and good graphics. Some parts were actually really nice.

Haven't played Armageddon yet, will wait till it hits a steam sale...

vacs said,
Metro 2033 was not entirely bad, it had its moments and good graphics. Some parts were actually really nice.

Which is exactly why it isn't cancelled. Metro 2033 didn't just have its moments, every part of the game was that "moment".

What a brilliant experience!

randomevent said,
Bah...the only THQ series I actually like.

No here, I love the Company of Heroes franchise, the Homeworld franchise, Frontlines, STALKER, and the Warhammer franchise!

I kind of seen this coming with discontinuation of Company of Heroes Online.