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Retail

Homefront sells 375,000 on day one

Wed 16 Mar 2011 8:28pm GMT / 4:28pm EDT / 1:28pm PDT
RetailPublishing

UPDATE: Game still on track to sell 2m in first year, says analyst

THQ has announced that sales of new first-person shooter Homefront were approximately 375,000 on day one in North America.

The move is no doubt aimed to stem the concerns of investors, who yesterday managed to wipe almost 26 per cent off THQ stock after mediocre reviews for the heavily promoted game.

"Due to the strong and growing demand for Homefront's multiplayer, we continue to add dedicated server capacity," said Danny Bilson, head of THQ's core business, of the uptake of online play.

"We are confident that the large-scale multiplayer maps featuring 32 players, vehicles, infantry and drones, will continue to be a major draw for the huge audience of FPS gamers looking for a new experience over the coming months."

UPDATE: Analyst Doug Cowen said that he still expects Homefront to sell 2 million units worldwide, and the investor reaction to reviews was a knee-jerk based on opinion, not facts

"We continue to believe that the more than 20 per cent decline in shares since reviews for Homefront were released on Tuesday is significantly overdone. The company shed nearly $90MM in market cap based on reviews not sales, but reviews of a game that we expect to generate roughly $100MM in revenue," he wrote.

"While the mixed reviews do indicate a disappointing misstep in execution, we do not believe the likely performance of the game represents a risk to our earnings estimates or the company's ability to successfully execute its turnaround plan."

The game is due for release in the UK and Europe this Friday.

5 Comments

I'm glad to see that this game sold decently. I would certainly like to see what Kaos has in store for us with more experience under their belt.

Posted:3 years ago

#1

Abel Oroz
Art Director / Artist

16 0 0.0
Homefront 2, I guess. There seems to be no other option for AAA developments anymore.

Posted:3 years ago

#2

Frankie Kang
Producer / Consultant

39 1 0.0
I'd love to see Kaos expand the single player element for the sequel. They did an excellent job regarding pacing and story, it just left me wanting more after 5 hrs.

Posted:3 years ago

#3

Lewis Brown
Snr Sourcer/Recruiter

193 52 0.3
I have to say I'm pleased its doing well I think its had an unfairly hard time in reviews....

Posted:3 years ago

#4
Sometimes Reviews are too influential and some other alternative (or a independant alternative) to a metacritic is required to balance these reviews of upcoming games

Posted:3 years ago

#5

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