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Finding Nemo boosts THQ first quarter revenues

Publisher THQ has announced its financial results for the first quarter, ended June 30, revealing a major climb in revenues thanks to the success of Pixar movie tie-in Finding Nemo.

Publisher THQ has announced its financial results for the first quarter, ended June 30, revealing a major climb in revenues thanks to the success of Pixar movie tie-in Finding Nemo.

The company recorded revenues of $98.1 million for the quarter, up from $85.8 million in the same quarter last year, and was the number three independent publisher for the quarter according to NPD TRST data, with a 6.4 per cent market share.

However, despite this growth - which was also helped by the success of Moto GP 2 and Evil Dead: A Fistful of Boomstick - the company fell into the red for the quarter - reporting a loss of $3.6 million, compared with a profit of $2.3 million in the same period last year.

For the second quarter, the company expects to grow sales to around $120 million, and a profit of about $3.2 million is anticipated - with full year turnover predictions currently running at around $530 to $540 million, with profits of between $32 and $34 million.

The company's growth looks set to continue, with Finding Nemo yet to ship in territories outside North America, and new products in the pipeline including the highly praised Full Spectrum Warrior, which debuted at E3 in May, and titles from Homeworld developer Relic Entertainment.

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Rob Fahey: Rob Fahey is a former editor of GamesIndustry.biz who spent several years living in Japan and probably still has a mint condition Dreamcast Samba de Amigo set.