THQ reports fiscal Q2 2013 results

THQ today reported financial results for the second quarter ended September 30, 2012.

The quarter net sales were $91.8 million, higher than the originally projected $85 million. The company’s digital revenues were $19.1 million, or approximately 21 percent of net sales, a 34 percent increase from $14.3 million one year ago. Darksiders II boosted sales with 1.4 million units of the title shipped in the second quarter.

THQ also made some game-related announcements. South Park: The Stick of Truth is now planned for launch worldwide in early fiscal 2014 (originally planned for March 5, 2013). Additionally, Company of Heroes 2 and Metro: Last Light are now expected to ship in March 2013, later than initially planned.

“I believe South Park’s market opportunity is significant. It is shaping up to be one of the most anticipated titles of calendar 2013. It is also an expansive title, encompassing multiple television seasons’ worth of content. We have been working closely with the co-creators of South Park, Matt Stone and Trey Parker, to make sure all of the game’s content performs to the high standards of the TV show, and this takes time," said Jason Rubin, THQ’s President. “I believe Metro: Last Light is a title that should set standards for visuals with its stunning atmosphere, unique location and cutting-edge style. Company of Heroes was one of the highest rated RTS titles in history, and Relic insists that the sequel live up to its pedigree. Giving both of these titles time to reach their full potential is the right thing to do for the products."

THQ also mentioned a pipeline of games beyond fiscal 2013, including the sequel for Saints Row: The Third, Homefront 2 and the as-yet-unannounced game from Turtle Rock Studios. In total, the publisher has ten titles in development for fiscal 2014 and later, almost all of which are based on their own IP.

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