Investor Conference Call

THQ will host a conference call to discuss fiscal third quarter results today at 11:00 a.m. Eastern/8:00 a.m. Pacific. Please dial (866) 203-2528 or (617) 213-8847, access code 42689002 to listen to the call or visit the THQ Inc. Investor Relations home page at www.thq.com. The online archive of the broadcast will be available approximately two hours after the live call ends. In addition, a telephonic replay of the conference call will be provided approximately two hours after the live call ends through February 6, 2007 by dialing (888) 286-8010 domestically, or (617) 801-6888 internationally, access code 70353511.

About THQ

THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, THQ Wireless, Company of Heroes, Destroy All Humans!, Saints Row and their respective logos are trademarks and/or registered trademarks of THQ Inc.

All other trademarks are trademarks or registered trademarks of their respective owners.

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, the company’s expectations for revenue and earnings per share for the fiscal 2007 fourth quarter and full year, and the fiscal 2008 full year. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as “THQ”) and are based upon management’s beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive and technological factors affecting the operations, markets, products, services and pricing of THQ. THQ did not retain nor otherwise influence The NPD Group, Inc.,UK Chart-Track or GfK. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers should carefully review the risk factors and the information that could materially affect THQ’s financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and its Annual Report on Form 10-K/A for the fiscal period ended March 31, 2006, and particularly the discussion of risk factors that may affect results of operations set forth therein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

# # #

(Tables Follow)

THQ Inc. and Subsidiaries

Unaudited Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended						Nine Months Ended
	December 31,						December 31,
	2006			2005(1)			2006		2005(1)
				As restated(2)					As restated(2)
Net sales	$	475,741		$	357,848		$	854,767	$	658,507

Costs and expenses:
Cost of sales	162,110			126,160			288,117		229,695
License amortization and royalties	49,759			41,899			86,903		66,358
Software development amortization	71,417			33,129			140,364		80,924
Product development	21,912			26,685			73,834		71,800
Selling and marketing	51,213			42,678			116,849		104,460
Venture partner expense	13,503			8,537			14,985		11,126
General and administrative	24,100			15,074			59,271		42,414
Total costs and expenses	394,014			294,162			780,323		606,777
Income from continuing operations	81,727			63,686			74,444		51,730
Interest and other income, net	2,595			1,217			9,071		4,623
Income from continuing operations before income taxes and minority interest	84,322			64,903			83,515		56,353
Income taxes	24,367			17,917			24,215		15,482
Income from continuing operations before minority interest	59,955			46,986			59,300		40,871
Minority interest	(7		)	(62		)	136		(116		)
Income from continuing operations	59,948			46,924			59,436		40,755
Gain on sale of discontinued operations, net of tax	2,107			—			2,107		—
Net income	$	62,055		$	46,924		$	61,543	$	40,755

Net income per share – basic:
Continuing operations	$	0.92		$	0.75		$	0.92	$	0.65
Discontinued operations	0.03			—			0.03		—
Net income per share – basic	$	0.95		$	0.75		$	0.95	$	0.65
Shares used in per share calculation – basic	65,387			62,982			64,737		62,265
Net income per share – diluted:
Continuing operations	$	0.88		$	0.71		$	0.89	$	0.63
Discontinued operations	0.03			—			0.03		—
Net income per share – diluted	$	0.91		$	0.71		$	0.92	$	0.63
Shares used in per share calculation – diluted	68,101			65,768			67,150		65,101

(1) Certain reclassifications have been made to the prior period’s unaudited consolidated statement of operations to conform to the current period presentation.

(2) Amounts are restated as a result of our historical stock option grant practices investigation as more fully described in the Explanatory Note and in Footnote 2 of the Notes to the Consolidated Financial Statements in our March 31, 2006 10-K/A.

THQ Inc. and Subsidiaries

Reconciliation of GAAP Net Income to Non-GAAP Net Income

(In thousands, except per share data)

	Three Months Ended									Three Months Ended
	December 31, 2006									December 31, 2005
	GAAP			Adjustments (a)			Non-GAAP			GAAP (d)			Adjustments (a)			Non-GAAP
										As restated (e)
Net sales	$	475,741		$	—		$	475,741		$	357,848		$	—		$	357,848

Costs and expenses:
Cost of sales	162,110			—			162,110			126,160			—			126,160
License amortization and royalties	49,759			—			49,759			41,899			—			41,899
Software development amortization	71,417			(625		)(b)	70,792			33,129			—			33,129
Product development	21,912			(1,470		)(b)	20,442			26,685			(362		)(b)	26,323
Selling and marketing	51,213			(1,125		)(b)	50,088			42,678			(130		)(b)	42,548
Venture partner expense	13,503			—			13,503			8,537			—			8,537
General and administrative	24,100			(3,534		)(b)	20,566			15,074			(561		)(b)	14,513
Total costs and expenses	394,014			(6,754		)	387,260			294,162			(1,053		)	293,109
Income from continuing operations	81,727			6,754			88,481			63,686			1,053			64,739
Interest and other income, net	2,595			25			2,620			1,217			70			1,287
Income from continuing operations before income taxes and minority interest	84,322			6,779			91,101			64,903			1,123			66,026
Income taxes	24,367			724		(c)	25,091			17,917			253		(c)	18,170
Income from continuing operations before minority interest	59,955			6,055			66,010			46,986			870			47,856
Minority interest	(7		)	—			(7		)	(62		)	—			(62		)
Income from continuing operations	59,948			6,055			66,003			46,924			870			47,794
Gain on sale of discontinued operations, net of tax	2,107			—			2,107			—			—			—
Net income	$	62,055		$	6,055		$	68,110		$	46,924		$	870		$	47,794

Net income per share – basic:
Continuing operations	$	0.92					$	1.01		$	0.75					$	0.76
Discontinued operations	0.03						0.03			—						—
Net income per share – basic	$	0.95					$	1.04		$	0.75					$	0.76
Shares used in per share calculation – basic	65,387						65,387			62,982						62,982
Net income per share – diluted:
Continuing operations	$	0.88					$	0.97		$	0.71					$	0.73
Discontinued operations	0.03						0.03			—						—
Net income per share – diluted	$	0.91					$	1.00		$	0.71					$	0.73
Shares used in per share calculation – diluted	68,101						68,101			65,768						65,768

Notes:

(a) See explanation above regarding the Company’s practice on reporting non-GAAP financial measures.

(b) Stock-based compensation expense recorded under SFAS 123(R) in fiscal 2007 and APB 25 in fiscal 2006 (prior to the Company’s adoption of SFAS 123(R) on April 1, 2006) and the payroll tax effects of our historical stock option grant practices investigation.

(c) Income tax associated with stock-based compensation expense and the payroll tax effects of our historical stock option grant practices investigation.

(d) Certain reclassifications have been made to the prior period’s unaudited consolidated statement of operations to conform to the current period presentation.

(e) Amounts are restated as a result of our historical stock option grant practices investigation as more fully described in the Explanatory Note and in Footnote 2 of the Notes to the Consolidated Financial Statements in our March 31, 2006 10-K/A.

	Nine Months Ended							Nine Months Ended
	December 31, 2006							December 31, 2005
	GAAP		Adjustments (a)			Non-GAAP		GAAP (d)			Adjustments (a)			Non-GAAP
								As restated (e)

Net sales	$	854,767	$	—		$	854,767	$	658,507		$	—		$	658,507

Costs and expenses:
Cost of sales	288,117		—			288,117		229,695			—			229,695
License amortization and royalties	86,903		—			86,903		66,358			—			66,358
Software development amortization	140,364		(788		)(b)	139,576		80,924			—			80,924
Product development	73,834		(3,587		)(b)	70,247		71,800			(788		)(b)	71,012
Selling and marketing	116,849		(2,486		)(b)	114,363		104,460			(950		)(b)	103,510
Venture partner expense	14,985		—			14,985		11,126			—			11,126
General and administrative	59,271		(8,990		)(b)	50,281		42,414			(1,175		)(b)	41,239
Total costs and expenses	780,323		(15,851		)	764,472		606,777			(2,913		)	603,864
Income from continuing operations	74,444		15,851			90,295		51,730			2,913			54,643
Interest and other income, net	9,071		61			9,132		4,623			191			4,814
Income from continuing operations before income taxes and minority interest	83,515		15,912			99,427		56,353			3,104			59,457
Income taxes	24,215		3,458		(c)	27,673		15,482			727		(c)	16,209
Income from continuing operations before minority interest	59,300		12,454			71,754		40,871			2,377			43,248
Minority interest	136		—			136		(116		)	—			(116		)
Income from continuing operations	59,436		12,454			71,890		40,755			2,377			43,132
Gain on sale of discontinued operations, net of tax	2,107		—			2,107		—			—			—
Net income	$	61,543	$	12,454		$	73,997	$	40,755		$	2,377		$	43,132

Net income per share – basic:
Continuing operations	$	0.92				$	1.11	$	0.65					$	0.69
Discontinued operations	0.03					0.03		—						—
Net income per share – basic	$	0.95				$	1.14	$	0.65					$	0.69
Shares used in per share calculation – basic	64,737					64,737		62,265						62,265
Net income per share – diluted:
Continuing operations	$	0.89				$	1.07	$	0.63					$	0.66
Discontinued operations	0.03					0.03		—						—
Net income per share – diluted	$	0.92				$	1.10	$	0.63					$	0.66
Shares used in per share calculation – diluted	67,150					67,150		65,101						65,101

Notes:

(a) See explanation above regarding the Company’s practice on reporting non-GAAP financial measures.

(c) Income tax associated with stock-based compensation expense and the payroll tax effects of our historical stock option grant practices investigation.

(d) Certain reclassifications have been made to the prior period’s unaudited consolidated statement of operations to conform to the current period presentation.

THQ Inc. and Subsidiaries
Unaudited Consolidated Balance Sheets
(In thousands)

	December 31,			March 31,
	2006			2006

ASSETS
Cash, cash equivalents and short-term investments	$	407,235		$	371,637
Accounts receivable, net	180,909			78,876
Inventory	45,874			28,620
Licenses	43,032			20,849
Software development	113,347			91,843
Income taxes receivable	—			4,686
Prepaid expenses and other current assets	36,070			12,420
Total current assets	826,467			608,931
Property and equipment, net	42,576			37,485
Licenses, net of current portion	44,975			60,623
Software development, net of current portion	15,619			17,236
Income taxes receivable, net of current portion	10,273			10,273
Goodwill	86,027			90,872
Other long-term assets, net	18,662			23,048
TOTAL ASSETS	$	1,044,599		$	848,468

LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	64,814		$	34,871
Accrued and other current liabilities	168,977			110,924
Income taxes payable	16,984			—
Deferred income taxes	486			3,578
Total current liabilities	251,261			149,373
Other long-term liabilities	49,218			60,323
Deferred income taxes, net of current portion	9,681			9,681
Total liabilities	310,160			219,377
Minority interest	(128		)	1,340
Total stockholders’ equity	734,567			627,751
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,044,599		$	848,468

THQ Inc. and Subsidiaries

Unaudited Supplemental Financial Information

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2006		2005		2006		2005

Platform Revenue Mix

Consoles
Microsoft Xbox 360	12.5	%	0.0	%	14.5	%	0.0	%
Microsoft Xbox	2.6		4.5		3.0		12.2
Nintendo Wii	5.1		0.0		2.8		0.0
Nintendo Game Cube	4.5		9.7		5.7		8.2
Sony PlayStation 2	38.2		43.3		31.3		39.5
	62.9		57.5		57.3		59.9

Handheld
Nintendo Dual Screen	11.2		4.7		10.4		2.8
Nintendo Game Boy Advance	10.1		23.4		11.9		21.5
Sony PlayStation Portable	5.9		3.7		6.5		2.1
Wireless	1.6		2.5		2.6		4.3
	28.8		34.3		31.4		30.7

PC	8.3		8.0		11.3		9.2
Other	0.0		0.2		0.0		0.2
	100.0	%	100.0	%	100.0	%	100.0	%

Geographic Revenue Mix
Domestic	61.9	%	63.1	%	59.6	%	61.1	%
Foreign	38.1		36.9		40.4		38.9
	100.0	%	100.0	%	100.0	%	100.0	%

29903 Agoura Road, Agoura Hills, California 91301	FOR IMMEDIATE RELEASE
Telephone: 818 871-5000 Fax: 818 871-7400
	Julie MacMedan
	THQ/Investor Relations
	818/871-5125

	Liz Pieri
	THQ/Media Relations
	818/871-5061

Exhibit 99.1

THQ REPORTS RECORD FISCAL 2007 THIRD QUARTER RESULTS