THQ Eyes Digital Sales for Return to Profit, Discusses Next-Gen

THQ reported its first quarter fiscal 2013 earnings today, moving toward profit even among significantly lowered sales. The company generated $38.5 million in net sales this quarter, down more than $100 million compared to last year, but pointed to a lack of new releases as the cause. In the same quarter a year ago, THQ had recently released MX vs. ATV Alive and Red Faction: Armageddon, while this year’s sales were largely from catalog titles including Saint’s Row The Third, WWE ’12 and UFC Undisputed 3.