THQ Sees Record Quarterly Results

July 28, 2009 - THQ saw a record high 77% increase in year-over-year net sales ($243.5 million from $137.6 million) for the June quarter.




As president and CEO Brian Farrell points out, this was due in part by the strong sales of UFC 2009 Undisputed.



"We reported the highest June quarter net sales and net income in our history, driven primarily by the success of our hit title UFC 2009 Undisputed," he said.



"Our first quarter results demonstrate the benefits of our more focused product strategy and aggressive cost management. These record results reflect the hard work and dedication of our employees around the globe."



Farrell added, "Our three recently announced business units - Core Games; Kids, Family and Casual Games; and Online Games - are focused on delivering a strong fiscal 2010 line-up and building our pipeline of games to support THQ's long-term profitability and growth."



THQ also pointed out that UFC 2009 Undisputed was the highest selling game in the US for the June quarter and has shipped 2.9 million units worldwide. Also, more than one million units of Red Faction: Guerrilla were shipped.