THQ lost money and cut 240 jobs in February and supposedly cancelled a lot of games. Today the publisher sent a note to investors prepping them for better than expected news when the publisher’s annual results (FY2012) are released. THQ now expects to end the year with a profit three times higher than expected.
This news comes after the CEO of Take-Two claimed THQ would be gone within a few months. Now it looks like they may be around for a bit longer. This is due to “better than expected” sales from January to March (Q4 of THQ’s 2012 financial year). Saints Row: The Third has now “shipped in” more than 4 million copies, and digital sales for the game are “higher than expected.” Sales for UFC Undisputed 3 have been “slightly higher than expected,” but no specific numbers were given.
“The company expects to utilise a substantial portion of its cash equivalents, as well as its credit facility [that it didn’t dip into in financial Q4], as it launches its slate for the 2013 fiscal year, beginning with Darksiders 2,” THQ’s note stated.
[Via Eurogamer]
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