THQ earns more sales, less profits, lots of licenses

For its third fiscal quarter through the holiday season, publisher THQ saw their sales boost to $509.6 million but profits down to $15.5 million (via Gamasutra). Comparatively, last year they had $475.7 million in sales (a 7% raise) and $62.1 million in profit (a 75% drop). THQ also had $27 million in non-cash charges due to the cancellations of Juiced and Stuntman.

Big sellers include THQ's licenses. Life to date sales from Nickelodeon projects total $1 billion, and WWE SmackDown vs. Raw 2008 enjoyed a whopping five million in unit sales -- behold the power of licensing.

This article was originally published on Joystiq.