With big releases such as Darksiders 3 and Red Faction: Guerilla Re-Mars-tered releasing in 2018, THQ Nordic reports a successful Q4 in earnings and growth.
The net sales for the company were astronomical, increasing by 441 percent in Q4 compared to Q4 in 2017, in large part due to the various acquisitions including Koch Media. EBIT – which is earnings before interest and tax are considered – increased by 84 percent in Q4. In other words, good news for THQ Nordic. Net sales for their business in Vienna, Austria (one of two bases for the company, the other being in Karlstad, Sweden) increased by nearly 40 percent to the equivalent of almost $38 million USD.
The aforementioned Darksiders 3, which received average reviews overall, was still a big hit for THQ Nordic. According to a press release for investors:
The game has performed within management’s range of expectations and has recouped all investments made in development and marketing during the quarter.
The company also has plans to release DLC for Darksiders 3 this year. You can check out our review here.
If you remember, THQ Nordic acquired Koch Media last year, the parent company of Deep Silver. Nothing noteworthy released in 2018 for the company, however their net sales amounted to $20 million USD. Metro: Exodus, which releases tomorrow, will likely play an important role in the company’s next financial report.
THQ Nordic sees 2019 as the company’s most exciting year ever. There are currently 77 games under development either by THQ Nordic and its subsidiaries, including titles such as Biomutant. There are currently 48 unannounced titles being worked on. Companies such as Coffee Stain North and Deep Silver Volition have unannounced titles on the way.
With the recent acquisition of Warhorse Studios, known for Kingdom Come: Deliverance, THQ Nordic is rapidly growing and has the potential for another good year financially. The developer is planning to start on an unannounced project in the second half of 2019, which they refused to confirm is Kingdom Come: Deliverance 2, despite that being the general expectation given the cliffhanger ending of the first title. The development team at Warhorse will also bring on around 40 new employees.
THQ Nordic has also purchased Australian publishing company 18POINT2. This company was the number six in top publishers and distributors in Australia allowing for more profit for physical sales. It landed in between Activision Blizzard and Bandai Namco.
The publisher emphasized a larger focus on allowing the local management of its subsidiaries to develop and operate as they see fit. With all these acquisitions and exponential growth, the future of THQ Nordic has great potential for the future.
What are your thoughts on THQ Nordic’s Q4 Report 2018? Let us know in the comments below!