Publisher THQ has reported increased losses of $47m for its second quarter ending September 30th. That's up on the $5.6m loss it registered in the same quarter a year before.
Net sales hit $77m, somewhat down on the $101m reported in 2009.
Unusually, it was Nintendo's DS that performed the strongest with sales of $17m. Xbox 360 games contributed $14m and PS3 games $12m. Wireless revenues hit $1.4m.
However, this current holiday quarter and the one that follows are the two that will finally return on THQ's recent investments, CEO Brian Farrell believes.
This holiday begins the consistent flow of quality products that we've been investing in over the past two years,” Farrell explained.
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.
We continue to invest in our long-term product pipeline. Our goal this fiscal year continues to be to position THQ for significant growth in fiscal 2012 and beyond, with high quality core games such as Red Faction Armageddon, Warhammer 40,000: Space Marine, and the next installment of our Saints Row franchise scheduled for release in fiscal 2012.”