THQ Nordic Q3 2018 Interim Report

The THQ Nordic Q3 2018 interim report details a period of aggressive expansion and significant financial growth for the company. Driven by a strategy of intellectual property acquisition and a robust release schedule, the organization achieved net sales of SEK 1,273 million, representing a 1,403% increase year-over-year. EBITDA reached SEK 215 million, a 521% increase, while EBIT rose to SEK 91 million, marking a 278% improvement compared to the same period in 2017.

The company’s operational scope during this quarter encompassed 14 game releases across its Games business segment, supported by a mix of owned and third-party intellectual properties. Strategic growth was further bolstered by the acquisition of three new intellectual properties and one studio, HandyGames, reflecting a continued commitment to expanding the company's development and publishing footprint. As of the end of the third quarter, the company maintained a pipeline of 55 total projects, consisting of 20 announced titles and 35 unannounced projects, signaling a strong focus on future content delivery.

Financial health remains a priority, with total assets growing to SEK 5,474 million by September 30, 2018, up from SEK 1,329 million at the end of the previous year. This increase is largely attributed to significant investments in ongoing game development projects, which totaled SEK 1,575 million. The company continues to leverage a diversified portfolio, balancing digital and physical distribution channels while maintaining a steady cadence of back-catalog and new release titles. Management maintains a favorable outlook on future acquisition prospects, citing a substantial shortlist of potential intellectual properties and development studios to sustain long-term growth.