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Nirolak · Dec 7, 2011

Update 3:

THQ lost all of the gains they made today from winning their lawsuit and are now below their previous 52 week low.

They are also now worth less than $49.1 million, which is less than Dark Millennium Online's $50 million budget.

Update 2:

Their newest low is $0.75 as of the edit time of this post, down approximately 5.5%

Their high so far this year was $6.53.

Update:

--------------------

Anyone have some pocket change? That seems to be what THQ goes for these days.

But uh, seriously this is bad for their continued existence.

VG247 said:
Wed, Dec 07, 2011 | 22:13 GMT
THQ lowers Q3 expectations by 25% due to weak uDraw sales on 360 and PS3

THQ has updated its outlook for Q3 2012 ending December 31 by 25%, due to lower than expected sales of its uDraw tablet for PS3 and Xbox 360.

The company now expects to report net sales of $510 million to $550 million.

“Despite uDraw’s strong success on the Wii in fiscal 2011 and market research indicating strong demand for uDraw on Xbox 360 and PlayStation 3, initial sales of our uDraw tablet and software on these high-definition platforms have been weaker than expected,” said Brian Farrell, THQ president and CEO.

“WWE 12 and Saints Row: The Third are expected to perform at or better than the levels we discussed on our fiscal 2012 second quarter earnings call. As we continue to move through the third quarter, we are focused on driving sales of our key holiday titles and maximizing profitability.”

THQ expects to announce Q3 2012 results in early February 2012, and to provide an update to its Q4 and full year guidance at that time.

Source: http://www.vg247.com/2011/12/07/thq...by-25-due-to-weak-udraw-sales-on-360-and-ps3/

Judging by the extra negative result in after hours, I think this announcement was made after the market closed.

They're still actively imploding so this chart might not be accurate when you read it (in a bad way).

RoboPlato · Dec 7, 2011

I had no idea that uDraw was out in PS3/360. THQ has some promising games in development. I hope they can get them out and bounce back.

Drkirby · Dec 7, 2011

I don't know, 10% isn't what I call imploding, but it is after hours.

george_us · Dec 7, 2011

Nirolak said:
WWE 12 and Saints Row: The Third are expected to perform at or better than the levels we discussed on our fiscal 2012 second quarter earnings call.

Really all I care about from this article. I just pray THQ doesn't take Volition down with them if they collapse.

Nirolak · Dec 7, 2011

Drkirby said:
I don't know, 10% isn't what I call imploding, but it is after hours.

Right, but I don't think they actually announced anything bad to cause the 10% prior.

AngelSoldier · Dec 7, 2011

Ew. THQ hasn't produced or published anything that I liked. Can't even remember a THQ game as I'm typing this.

Wouldn't care if they went under.

jamesinclair · Dec 7, 2011

market research indicating strong demand for uDraw on Xbox 360 and PlayStation 3

What market reaserch? Should have asked me, I could have told them it would have been a bomba.

How is it 2012 and developers still not realize that 1 year late ports NEVER do well?

ESPECIALLY going from GC/Wii ->Xbox/PS

Go ask Sega how well the House of the Dead port on PS3 sold.

HotHamWater · Dec 7, 2011

Only a matter of time until they get bought.

And then gutted.

Gravijah · Dec 7, 2011

george_us said:
Really all I care about from this article. I just pray THQ doesn't take Volition down with them if they collapse.

they're already trying with the dlc plan.

patsu · Dec 7, 2011

uDraw is a good concept, but it requires platform holder support the way Nintendo does with WiiU.

Also, people would compare it to other touch devices like iPad and Fire.

Takao · Dec 7, 2011

Maybe GAF should band together and buy them.

ymmv · Dec 7, 2011

AngelSoldier said:
Ew. THQ hasn't produced or published anything that I liked. Can't even remember a THQ game as I'm typing this.

Wouldn't care if they went under.

I want my Darksiders sequel... That was a surprisingly good game. I also liked De Blob 2. I wish THQ would publish more games with that quality.

HotHamWater · Dec 7, 2011

Takao said:
Maybe GAF should band together and buy them.

And fund a real sequel to Red Faction Guerilla.

AND STOP LETTING COMPANY OF HEROES ROT. I MEAN WHAT THE FUCK.

Nirolak · Dec 7, 2011

I feel it's worth noting that, assuming the after hours price is reflected tomorrow, the cost of buying THQ would be notably less than some Take-Two game budgets.

The Technomancer · Dec 7, 2011

Man, THQ just can't catch a break

bryehn · Dec 7, 2011

The uDraw is being cleared out for 50 bucks at Gamestop Canada right now.

sixteen-bit · Dec 7, 2011

I hope Devil's Third doesn't get canned.

MisterAnderson · Dec 7, 2011

HotHamWater said:
And fund a sequel to Freespace 2.

Fixed.

TunaLover · Dec 7, 2011

The_Technomancer said:
Man, THQ just can't catch a break

The new logo bring them bad luck.

jabuseika · Dec 7, 2011

Remember when THQ produced good games?

... me neither...

They also take these huge risks with new IPs that have completely failed, so this doesn't come as a surprise.

Udraw? seriously?

(ok Red Faction Guerilla was good, but then they killed the franchise again with that other linear one)

Technosteve · Dec 7, 2011

HotHamWater said:
And fund a real sequel to Red Faction Guerilla.

AND STOP LETTING COMPANY OF HEROES ROT. I MEAN WHAT THE FUCK.

Dude, dude CoH is dead let it go. The free to play game didn't work out, we always have the hope blizzard buys relic with all the IPs.

Takao · Dec 7, 2011

Instead of THQ, we rename the company "GAF". Our first title under ownership will be Dudebro 2.

imotep · Dec 7, 2011

AngelSoldier said:
Ew. THQ hasn't produced or published anything that I liked. Can't even remember a THQ game as I'm typing this.

Wouldn't care if they went under.

What a positive outlook you have.

Gravijah · Dec 7, 2011

jabuseika said:
Remember when THQ produced good games?

yes yes i do

PetriP-TNT · Dec 7, 2011

I am not surprised uDraw bombed on 360/PS3

did anyone on GAF buy it? Don't think so.

Chris1964 · Dec 7, 2011

Despite uDraws strong success on the Wii in fiscal 2011 and market research indicating strong demand for uDraw on Xbox 360 and PlayStation 3, initial sales of our uDraw tablet and software on these high-definition platforms have been weaker than expected, said Brian Farrell, THQ president and CEO."

What kind of market research was that? These games had bomba written on them from start.

Nuclear Muffin · Dec 7, 2011

Did Saints Row 3 do well enough? I'm honestly not sure. It did better than SR2, but is it enough to make back its budget at least?

ymmv · Dec 7, 2011

BTW I'm not surprisesd the uDraw tablet was an enormous failure on the PS3 and 360. It's a kid's toy. Just look at the (THQ) games that support it:

Pictionary
Dood's Big Adventure
SpongeBob SquigglePants
Kung Fu Panda 2
Disney Princess Enchanting Storybooks
Marvel Super Hero Squad: Comic Combat
uDraw Studio: Instant Artist

You get the impression have absolutely no idea how different the target demographics for the PS360 and Wii are ...

B_Rik_Schitthaus · Dec 7, 2011

jabuseika said:
Remember when THQ produced good games?

... me neither...

Darksiders.

Aegus · Dec 7, 2011

jabuseika said:
Remember when THQ produced good games?

... me neither...

They also take these huge risks with new IPs that have completely failed, so this doesn't come as a surprise.

Udraw? seriously?

(ok Red Faction Guerilla was good, but then they killed the franchise again with that other linear one)

2011. Dawn of War Retribution.

imotep · Dec 7, 2011

Nuclear Muffin said:
Did Saints Row 3 do well enough? I'm honestly not sure. It did better than SR2, but is it enough to make back its budget at least?

WWE 12 and Saints Row: The Third are expected to perform at or better than the levels we discussed on our fiscal 2012 second quarter earnings call. As we continue to move through the third quarter, we are focused on driving sales of our key holiday titles and maximizing profitability.

In the OP.

Wario64 · Dec 7, 2011

Takao · Dec 7, 2011

Funny coincidence, a couple of days ago I was looking to see what happened to SyFy since THQ seemed to be a partner, and was kind of curious about that deBlob animated series. Two years after announcement, there has been a whole lot of nothing out of SyFy Kids...

shintoki · Dec 7, 2011

Damn shame, I've always enjoyed THQ output. And their upcoming titles interest me just as much : Dawn of War III, Darksiders II, Devil's Third, South Park/Obsiden RPG, and the Warhammer 40000 MMO

Guerrillas in the Mist · Dec 7, 2011

If THQ goes down and takes Relic and Volition with them.... there will be many manly tears shed. I could see something bad happening to Relic, as their attempts to go multiplatform haven't gone well.

Wait, is Relic's next title Dawn of War III? I want a new Homeworld or COH game, damnit!

funkystudent · Dec 7, 2011

announce WWE all stars 2 and save the company.

Deadbeat · Dec 7, 2011

Lets look at the games I want from THQ next year:

Metro: Last Light*

*If it hasnt been horribly dumbed down which the developers went into great talks about with the first game getting tons of pressure from THQ to fuck it up.

So yeah it looks like I might buy one game. Hey, at least they didnt crash and burn like Acclaim.

To Far Away Times · Dec 7, 2011

THQ doesn't really make any games that interest me, but I hope everything works out for them.

Technosteve · Dec 7, 2011

ymmv said:
BTW I'm not surprisesd the uDraw tablet was an enormous failure on the PS3 and 360. It's a kid's toy. Just look at the (THQ) games that support it:

Pictionary
Dood's Big Adventure
SpongeBob SquigglePants
Kung Fu Panda 2
Disney Princess Enchanting Storybooks
Marvel Super Hero Squad: Comic Combat
uDraw Studio: Instant Artist

You get the impression have absolutely no idea how different the target demographics for the PS360 and Wii are ...

What audience do you think kinect and move are trying to appeal to?

Plinko · Dec 7, 2011

funkystudent said:
announce WWE all stars 2 and save the company.

LOL...but I agree.

jamesinclair · Dec 7, 2011

jabuseika said:
Remember when THQ produced good games?

... me neither...

They did some good GBA work.

Sonic games, the Rareware games,Zoo Tycoon, even Age of Empires and such.

(as a publisher)

Criminal Upper · Dec 7, 2011

AngelSoldier said:
Ew. THQ hasn't produced or published anything that I liked. Can't even remember a THQ game as I'm typing this.

Wouldn't care if they went under.

Darksiders
Warhammer
deBlob
Saint's Row
Red Faction
Metro

Off the top of my head...

Nuclear Muffin · Dec 7, 2011

imotep said:
WWE 12 and Saints Row: The Third are expected to perform at or better than the levels we discussed on our fiscal 2012 second quarter earnings call. As we continue to move through the third quarter, we are focused on driving sales of our key holiday titles and maximizing profitability.

In the OP.

How the hell did I miss that one? Well, it seems that they live for now then...

Saint Gregory · Dec 7, 2011

Jeez, I know how often the risk of one HD Bomba taking out a publisher is discussed on GAF but who would have seen this one coming? Not that uDraw would bomb on the HD twins, anyone could have called that, but who would have guessed that something like that missing its targets would sink the company?

ymmv · Dec 7, 2011

Technosteve said:
What audience do you think kinect and move are trying to appeal to?

Slightly older kids, families, adults throwing a party. A ten year old would still enjoy Kinect or Move, but would stay the hell away from a digital coloring book.

Takao · Dec 7, 2011

Saint Gregory said:
Jeez, I know how often the risk of one HD Bomba taking out a publisher is discussed on GAF but who would have seen this one coming? Not that uDraw would bomb on the HD twins, anyone could have called that, but who would have guessed that something like that missing its targets would sink the company?

THQ hasn't had 1 disappointing HD release, they've had many.

[Nintex] · Dec 7, 2011

I continue to be surprised that no one has bought them yet. They're so cheap that it's pretty much impossible to lose money on the deal.

Clear · Dec 7, 2011

RoboPlato said:
I had no idea that uDraw was out in PS3/360.

Seconded. And considering I'm pretty sure that I pay more attention to release schedules and happenings than an average punter, that's not a good thing.

Alexios · Dec 7, 2011

AngelSoldier said:
Ew. THQ hasn't produced or published anything that I liked. Can't even remember a THQ game as I'm typing this.

Wouldn't care if they went under.

Your loss for missing out on Full Spectrum Warrior, Titan Quest, De Blob, Company of Heroes, Darksiders, WH40k: Dawn of War, Metro 2033, etc... They've published STALKER games, Saints Row games, Red Faction games, King's Bounty games and others too, though some of those depending on the region and platform discussed...

a Master Ninja · Dec 7, 2011

Devil's Third

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THQ lowers Q3 expectations by 25% on weak uDraw 360/PS3 sales, [Stock Still Tanking]

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