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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
By: Jak Connor | Business, Financial & Legal News | Posted: May 17, 2018 6:00 am

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.

 

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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.

 

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NEWS SOURCES:Gamasutra.com

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