THQ reports quarterly earnings; MX Vs ATV Alive confirmed for PC

THQ today became the first publicly traded third party game publisher to report its earnings for the quarter that ended on March 31. Overall THQ brought in Non-GAAP revenues of $248.6 million, in line with its previously announced guidence and higher than the $197.4 million it brought in from the same period a year ago.

The same press release also revealed revenues for THQ's full fiscal year which again ended on March 31. Revenues came in at $802.3 million for the year, lower than the $888.7 million for the previous fiscal year. For the quarter, THQ had a Non-GAAP net profit of $10.5 million compared to a profit of $4.4 million from the same period a year ago. For the fiscal year THQ had a Non-GAAP loss of $16 million compared to a profit of $12.7 million for the previous year.

THQ said that its strong earnings were due to sale of its first person shooter Homefront, which was released in mid-March. THQ said that so far it has shipped 2.4 million copies of the game developed by Kaos Studios but did not mention how many copies it has actually sold so far. THQ also posted up its schedule of games due out in the current quarter. That includes the sci-fi third person shooter Red Faction Armageddon and the off-road racing game MX Vs ATV Alive. The release schedule also confirmed for the first time that a PC port of MX Vs ATV Alive would be released alongside the console game versions.

Looking to the future, THQ has a number of games in store including the new Saints Row 3 open world action game that's due for release by the end of the year. THQ is also expected to officially announced the sequel to 2010's post apocalyptic shooter Metro 2033 at E3 2011 this June.

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