Announcing that the past year saw it "take its place among the top tier of game publishers" (in the words of its president Brian J. Farrell), THQ announced financial results for its fourth quarter 1998.

　　In the fourth quarter of last year, which ended for THQ on Dec. 31, 1998, the company's net sales were US$111,318,000, compared with $48,903,000 in net sales reported by the company for the same quarter one year ago. THQ's net income for the quarter stood at $11,419,000 (95 cents per share), an increase of 84 percent from net income for the same quarter one year ago of $6,203,000 (56 cents per share).

　　THQ pointed to strong sales of WCW/NWO Revenge for the Nintendo 64 platform, Rugrats: Search for Reptar for the PlayStation, and Game Boy titles as reasons for its strong quarterly showing. "THQ's growth for 1998 was achieved with fewer titles shipped than in 1997," said Farrell. "This means that we realized greater revenue per title than ever before in the company's history."

　　For the year, the company's net sales were $215,060,000, an increase of 141 percent from the $89,362,000 THQ reported for fiscal 1997. Net income for the year was $23,221,000 ($2 per share before a one-time charge of $7,232,000 related to the May '98 acquisition of GameFx Inc.). The company reported a net income of $9,345,000 (90 cents per share) for fiscal 1997.