You will be redirected back to your article in seconds

Gaming duo on earnings climb

THQ, Activision report higher revs

Vidgame publishers THQ and Activision both reported largely positive, but abbreviated, earnings in the midst of ongoing investigations into backdated stock options.

THQ revenue rose 68% from the same quarter a year ago to $240.2 million on strong sales for its “Grand Theft Auto” copycat “Saint’s Row” and its adaptation of Disney toon “Cars.” Net income was $12.6 million, up from a $1.4 million loss last year.

Company warned, however, that earnings may be altered once it completes its investigation into stock options that were improperly backdated.

Activision saw its revenue fall 15% to $188.2 million, still well ahead of previous guidance. It didn’t report net income, as it expects the figure could change significantly once it completes its similar internal investigation.

Both publishers said they expect a strong holiday season.

More Scene

  • 'Cobra Kai' premiere

    ‘Cobra Kai’: Why Ralph Macchio Revisited 'Karate Kid' Character After 30 Years

    Vidgame publishers THQ and Activision both reported largely positive, but abbreviated, earnings in the midst of ongoing investigations into backdated stock options. THQ revenue rose 68% from the same quarter a year ago to $240.2 million on strong sales for its “Grand Theft Auto” copycat “Saint’s Row” and its adaptation of Disney toon “Cars.” Net […]

  • Jennifer LopezTime 100 Gala - Red

    Time 100 Gala: J. Lo 'Feels Naked,' Shawn Mendes Performs, Kesha Hugs Parkland Survivors

    Vidgame publishers THQ and Activision both reported largely positive, but abbreviated, earnings in the midst of ongoing investigations into backdated stock options. THQ revenue rose 68% from the same quarter a year ago to $240.2 million on strong sales for its “Grand Theft Auto” copycat “Saint’s Row” and its adaptation of Disney toon “Cars.” Net […]

  • Robert Downey Jr'Avengers: Infinity War' film

    'Avengers: Infinity War' Premiere Draws Largest Contingent of Marvel Superheroes

    Vidgame publishers THQ and Activision both reported largely positive, but abbreviated, earnings in the midst of ongoing investigations into backdated stock options. THQ revenue rose 68% from the same quarter a year ago to $240.2 million on strong sales for its “Grand Theft Auto” copycat “Saint’s Row” and its adaptation of Disney toon “Cars.” Net […]

  • 'The Week Of' film premiere

    'The Week Of' Director Talks Reuniting With Adam Sandler After 'SNL'

    Vidgame publishers THQ and Activision both reported largely positive, but abbreviated, earnings in the midst of ongoing investigations into backdated stock options. THQ revenue rose 68% from the same quarter a year ago to $240.2 million on strong sales for its “Grand Theft Auto” copycat “Saint’s Row” and its adaptation of Disney toon “Cars.” Net […]

  • Beautycon Festival

    Laverne Cox, Paris Hilton Promote Self-Love at Beautycon NYC

    Vidgame publishers THQ and Activision both reported largely positive, but abbreviated, earnings in the midst of ongoing investigations into backdated stock options. THQ revenue rose 68% from the same quarter a year ago to $240.2 million on strong sales for its “Grand Theft Auto” copycat “Saint’s Row” and its adaptation of Disney toon “Cars.” Net […]

  • Duke and Duchess of Cambridge

    The Duchess of Cambridge Gives Birth to Baby Boy

    Vidgame publishers THQ and Activision both reported largely positive, but abbreviated, earnings in the midst of ongoing investigations into backdated stock options. THQ revenue rose 68% from the same quarter a year ago to $240.2 million on strong sales for its “Grand Theft Auto” copycat “Saint’s Row” and its adaptation of Disney toon “Cars.” Net […]

  • J.K. Rowling on the Future of

    J.K. Rowling on the Future of Harry Potter Stories on Stage

    Vidgame publishers THQ and Activision both reported largely positive, but abbreviated, earnings in the midst of ongoing investigations into backdated stock options. THQ revenue rose 68% from the same quarter a year ago to $240.2 million on strong sales for its “Grand Theft Auto” copycat “Saint’s Row” and its adaptation of Disney toon “Cars.” Net […]

More From Our Brands

Access exclusive content