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THQ has announced that during its third quarter – the final three months of 2007 – sales were up by 7% to more than $509 million. This jump in sales was not reflected in net profits, down by 75% of the same period in 2006 to less than $16 million.
It’s not all bad news for THQ though; WWE SmackDown vs. Raw 2008 set a new record for the franchise with more than five million units sold during the quarter. CEO Brian Farrell also praised the successful launch of the publisher’s internally developed MX vs. ATV Untamed.
Farrell also looked to the future with great positivity, outlining a number of key releases both in Q4 2008 and its coming fiscal 2009.
“We continue to strengthen our product development capabilities to support our long-term strategy of creating new owned intellectual properties. We look forward to launching Frontlines: Fuel of War at the end of this month,” said Farrell. “In fiscal 2009, we are well positioned for increased sales and profitability with strong owned intellectual properties such as Red Faction and Saints Row and well-known licensed franchises including WWE, UFC, Disney/Pixar and Nickelodeon.”
