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THQ Nordic earns most of 2017 sales in just 3 months of 2018

THQ Nordic releases 2018 first quarterly earnings report

Jak Connor | May 17, 2018 at 01:00 am CDT (0 mins, 56 secs reading time)

THQ Nordic, the developers behind Biomutant, Darksiders and many more titles have released their 2018 quarterly earnings report. It appears that the company has almost made more sales in just the 3 months of 2018 than they did in the entire of 2017.

THQ Nordic earns most of 2017 sales in just 3 months of 2018 01 | TweakTown.com

THQ Nordic recently decided to acquire Koch Media, the parent company of developer Deep Silver who made Saints Row and Dead Island. This acquisition has payed off quite well for THQ Nordic, as the company recently released its 2018 quarterly earnings and it appears that the company has $25.9 million USD in profits from revenues of $78.9 million.

This massive increase measures to a 439% increase in profits and a 673% increase more revenue when compared to the exact same quarter of last year. Back in 2017, from January through to December 31st THQ Nordic only made $31.3 million USD from $58.3 million in revenue. This means that THQ Nordic has almost made all of their 2017 earnings in just the first quarter of this year.

THQ Nordic earns most of 2017 sales in just 3 months of 2018 14 | TweakTown.com

Last updated: Apr 6, 2020 at 04:45 pm CDT

NEWS SOURCE:gamasutra.com
Jak Connor

ABOUT THE AUTHOR - Jak Connor

Jak's love for technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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