The purchase of Koch Media and Deep Silver helped increase THQ Nordic's net sales by 14.03%
THQ Nordic, buying up asset after asset, did not lose. In the third quarter of 2018, the publisher’s net sales increased by 1403% year-on-year and amounted to $139.8 million.
Saints Row: The ThirdAt the same time, THQ Nordic’s operating profit increased by 278% to $9.9 million.
This follows from the publisher’s reports for the third quarter of the year ended in September.
The company explains this growth with the acquisition of the German media company Koch Media together with the game publisher Deep Silver accountable to it in February of this year.
By purchasing them, THQ Nordic obtained the rights to the Saints Row, Dead Island and Metro game series released by them, with total sales reaching $27.7 million.
At the same time, THQ Nordic’s own games are also selling well: net sales increased by 47% to $13.7 million thanks to Titan Quest, Red Faction Guerrilla Re-Mars-tered and This is the Police 2. Partnership with Codemasters (F1 2018), Sega (Shenmue 1 & 2) and Square Enix (Shadows of the Tomb Raider) also contributed to such a strong growth in financial indicators.
We are adding more and more cool companies — both developers and publishers. The parent company and both operating groups work daily in this direction.
CEO of THQ Nordic
Among the latest titles acquired by THQ Nordic were Alone in the Dark, Kingdoms of Amalur, Timesplitters. And just yesterday she bought the creators of Goat Simulator and Wreckfest — Coffee Stain and Bugbear Entertainment.
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