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FY2011 proving a struggle for THQ

Sales well down on last year.

It's been a tough few months for THQ, judging by the publisher's Q2 financial report released today.

For the fiscal 2011 second quarter ending 30th September, sales were down year-on-year from $101.3 million to $77.1 million. The publisher made a net loss of $47.0 million compared with $5.6 million over the same period in last year.

That said, THQ hasn't had much product on the shelves so far this fiscal year, with the only notable release being the under-performing UFC Undisputed.

CEO Brian Farrell was keen to point out that the figures were in line with expectations and the good stuff is still to come.

"This holiday begins the consistent flow of quality products that we've been investing in over the past two years. Our December quarter will be led by WWE SmackDown vs. Raw 2011 and our new uDraw GameTablet. Key releases for our March quarter include our new core game franchise Homefront as well as WWE All Stars, UFC Personal Trainer and de Blob 2."

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Fred Dutton avatar

Fred Dutton

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Fred Dutton was Eurogamer's US news editor, based in Washington DC.

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