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THQ Year’s End With 239.9 Million Net Loss

THQ’s report at the end of the year was a whopping 239.9 million net loss, more than last year’s 136.1 million. President and CEO Brian Farrell said in a THQ earnings statement:

“We have made significant changes to our business, and are on track to execute our strategy of delivering quality connected core gaming experiences, beginning with the sequel to the award-winning Darksiders in August.”

With the cut of 240 employees and cut of the “kids” licensed division last year, Farrell makes the claim that the company is different in the past six months and on the right track.

“THQ is dramatically different from what it was just six months ago; we’re now a company completely focused on building high quality, high demand core franchises that are connected with our consumers in multiple channels and designed to deliver a significant portion of revenues through digital streams,” Farrell noted. “We’ll also continue to build online communities around our games, increasing customer engagement, retention and monetization.”

Read the more in detailed report over at Gameindustry

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