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FEATURED VOXPOP oblivion437     In all the talk of graphical downgrades no one seems much preoccupied with 'why?'.  Why build something and then proceed to tear it down, piece by piece, in the hope that ever more diminished expectations about the final product won't be severe enough to...

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The Public Financial Rise and Fall of THQ
Posted on Sunday, November 25 2012 @ 01:14:41 Eastern

This member blog post was promoted to the GameRevolution homepage.
After THQ dined and dashed out of its most recent earnings call and then defaulted (technically) on its credit facility with Wells Fargo, I became interested in the strategies and leadership that plummeted the former multi-billion dollar company down to a seven-digit market valuation that could be purchased twelve times over by Apple's 2011 contributions to charity.

But rather than consult Wikipedia or Google News, I decided to go straight to the source: the financial filings that THQ, as a publically traded company, is required to release quarterly and annually. 10-Ks, 10-Qs, Annual Reports, and earnings call transcripts were parsed together to bring you four images that encapsulate my view on THQ's historical trajectory as a public company.

This is the completely biasedyet completely factualrise and fall of THQ, in the company's own words.

(click each image to enlarge):













The opinions expressed here does not necessarily reflect the views of Game Revolution, but we believe it's worthy of being featured on our site. This article has been lightly edited for grammar (images were created by sliverstorm). It has been submitted for our monthly Vox Pop competition. ~Ed. Nick
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