Following a round of layoffs
, a delay for one
of its most anticipated titles and continuing reports of the player decline
of Age of Conan
, we knew that Norwegian developer Funcom wasn't in the best shape. Earlier today, the company posted its Q3 financial results and confirmed our suspicions: The company's reporting a $9.6 million loss
for the third quarter of this year. Compared to the company's $3.3 million profit from the same period last year, that's a pretty disheartening decline.
With an expansion for Age of Conan
and the ever-intriguing The Secret World
presumably due out next year, and (according to a September 30 finance report) $34.8 million in the bank, Funcom's far from down and out. However, until one of those titles hits store shelves, things are probably going to get considerably less
fun for Funcom.