THQ Nordic Reports Dramatic Increase In Earnings Thanks to Series of Studio Acquisitions

55 games in development.

Earlier today, we reported that THQ Nordic had purchased Bugbear Entertainment, developer of Wreckfest and the FlatOut games. This, along with Goat Simulator studio Coffee Stain, is the latest in an extremely aggressive phase of acquiring independent publishers and developers, and as it turns out, the strategy is paying off.

The company’s earnings show a year-on-year net sales increase of 1,403 per cent for the last three-month period. The publisher claims that this significant growth is thanks to its acquisition of Koch Media and Deep Silver. Sales from these companies amounted to $27.6 million, but THQ Nordic’s own titles, such as Red Faction: Guerrilla Re-Mars-tered, helped rake in a further $13.6 million.

Read the full article on pushsquare.com

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