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THQ Reports $55.8m Net Loss For Q3 Ended 12-31-11

Company Announces Business Realignment as Part of Focused Strategy
Saints Row: The Third is Most Successful Owned-IP Launch in Company History

AGOURA HILLS, Calif., Feb 02, 2012 (BUSINESS WIRE) —THQ Inc. (NASDAQ: THQI) today reported financial results for the third quarter ended December 31, 2011.

The company recently announced its updated business strategy to exit the traditional kids’ licensed video game category and focus on its core game franchises and digital initiatives. As part of this business realignment, the company is implementing plans to streamline its organization and cost structure to support what will be a smaller company positioned for sustained profitability. The company currently expects these actions will result in a reduction of selling, general and administrative expenses and product development expenditures totaling approximately $160 million from its annualized run rate.

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THQ Reports $38m Net Loss For Q1 2012

Second Half of Fiscal 2012 to Be Driven by Releases of Proven Franchises Saints Row, WWE, UFC and uDraw

AGOURA HILLS, Calif., Jul 27, 2011 (BUSINESS WIRE) —

THQ Inc. (NASDAQ:THQI) today reported financial results for the first quarter ended June 30, 2011.

For the fiscal first quarter ended June 30, 2011, THQ reported net sales of $195.2 million, compared with $149.4 million in the prior-year period. On a non-GAAP basis, for the three months ended June 30, 2011, the company reported net sales of $141.2 million, compared with $160.3 million a year ago.

For the three months ended June 30, 2011, the company reported a net loss of $38.4 million, or $0.56 per diluted share, compared with a net loss of $30.1 million, or $0.44 per diluted share, in the prior-year period. On a non-GAAP basis, for the three months ended June 30, 2011, the company reported a net loss of $64.4 million, or $0.94 per diluted share, compared with a non-GAAP net loss of $14.4 million, or $0.21 per diluted share, in the prior-year period.

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THQ Reports Fiscal 2011 Year End Results, Homefront Ships 2.6m

Q4 Non-GAAP Net Sales up 26% Y-O-Y and Q4 Non-GAAP EPS at High End
of Guidance on Strong Sales of Homefront(TM)
Company Expects Strong Growth and Profitability in Fiscal 2012

AGOURA HILLS, Calif., May 03, 2011 (BUSINESS WIRE) — THQ Inc. (NASDAQ: THQI) today reported financial results for the fourth quarter and fiscal year ended March 31, 2011.

Financial Highlights

Q4 Non-GAAP net sales were $248.6 million, consistent with guidance of $245 – $260 million.

Q4 Non-GAAP EPS of $0.15 was at the high end of guidance of $0.05 – $0.15.

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THQ delays “Homefront” release by one week

THQ announced at their earnings call yesterday that they have pushed back the release of their upcoming post-EMP shooter “Homefront” by one week to March 15th.

No reason was stated on the call for the delay, but Joystiq has since received a statement from a company rep that THQ thinks they “have a great opportunity to dominate retail on this date.”

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THQ shipped 1.2m uDraw GameTablets during the Holiday shopping season

THQ announced in their Q3 earnings report that the company shipped 1.2 million uDraw GameTablets for the Wii in North America. It’s often hard to peg exactly how many of these “shipped” units were sold to customers, but THQ gave us a hint back in December when they stated that they were seeing a “very significant sell-through” for uDraw.

Looking to extend this sales streak, THQ announced that they will launch the uDraw GameTablet internationally during their March quarter.

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THQ reports a net loss of $14.9m for Q3 ended Dec 31, 2010

All numbers in thousands of U.S. Dollars

Three Months Ended 12/31/10

  • Net Sales – $314,589  [compared to $356,678 three months ended 12/31/09]
  • Net Income (loss) – $(14,947) [compared to $542 three months ended 12/31/09]

Full press release and link to financial statements after the break.

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Homefront (PC PS3 Xbox360) Flu Epidemic Video

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Stacking – Developer Walkthrough Video, Hits PSN on Feb 8th

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Hulk Hogan and the Ultimate Warrior confirmed for “WWE All Stars”

I haven’t been interested in a wrestling game since the Nintendo 64 WCW / NWO titles. With Hogan, Macho Man and the Ultimate Warrior in the mix WWE All Stars might have what it takes to bring me back in.

Check out the updated fact sheet after the break.

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PR – MX vs. ATV Alive Breaking New Ground in Off-Road Racing and Digital Content Distribution

Most Authentic, Accessible Experience in 10 Million Unit-Selling Series’ History

AGOURA HILLS, Calif., Jan 19, 2011 (BUSINESS WIRE) —

THQ Inc. (NASDAQ: THQI) today announced MX vs. ATV(R) AliveTM, the next groundbreaking installment in the 10 million unit-selling franchise, is scheduled for release on the Xbox 360(R) video game entertainment system from Microsoft and the PlayStation(R)3 computer entertainment system for a suggested retail price of $39.99. Featuring an enhanced physics engine and the most authentic motocross racing experience to date, MX vs. ATV Alive will be supported by an unprecedented digital content distribution strategy upon its scheduled launch in May 2011.

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