mocoNews.net - Unhealthily Obsessed with Mobile Content

Current Story

THQ’s Wireless Earnings Keep Dropping

By Rafat Ali - Fri 28 Jul 2006 06:08 PM PST

THQ, whose wireless division has gone through a lot of turmoil over the last year or so (and we documented it here at each step), announced its Q2 earnings yesterday, and its wireless/mobile gaming revenues dropped even further: the mobile revs came in at $7.63 million, down from $10.33 million in the year-ago quarter (corrected from previous version...I mistook the percentages for $ millions..the correct way shows even more drop).
Overall the company had a net loss of $12.1 million, compared with a net loss of $3.96 million during the year-ago period. Revenues came in at $138.8 million vs. $158 million.
From conference call transcript: “For the most part [the mobile gorth] was pretty consistent with our expectations. You know, you’re comparing to a strong first quarter with Star Wars. You know, we’re tracking to the approximate 10% growth that we talked about and again, we should be looking as we sort of, you know, shift over the product line for more casual gaming, you should see more significant growth in fiscal 08.”

Posted in: Entertainment, Mobile Gaming, Money, Earnings



Related Research from Alacrastore.com
0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

mocoNews.net is a news site covering the business of mobile content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

Tricia Duryee
Principal Correspondent

Matt Kapko
Senior Entertainment Reporter

Dianne See Morrison
Contributing Writer

James Quintana Pearce
Contributing Writer

Robert Andrews
U.K. Editor

Online Ad Deals Report

Social Media Report

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters