Funcom posts $9.6 million loss in Q3 2009
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.
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.












Reader Comments (Page 1 of 1)
Giroro @ Nov 18th 2009 3:29AM
They should go the Activision route and release Age of Conan 2, Age of Conan 3, and Age of Conan 2: Ancient Warfare 2
SpyderTaco (PSN: Ar4chNova89) @ Nov 18th 2009 4:16AM
You realize Activision has World of Warcraft, right?
Surely you could have come up with a better joke than that.
Giroro @ Nov 18th 2009 4:41AM
I could have, but I didn't.
ZayCube @ Nov 18th 2009 3:30AM
Get back on your feet Funcom!
Hooch is Craaazey @ Nov 18th 2009 5:53AM
I agree, they are the second best MMO developer imo, after Blizzard of course. Age of Conan was flawed, but they did try to do something different.
The Secret World looks really promising however, much more interesting than SWOTR and AION tbh.
nriveraexpress @ Nov 18th 2009 10:14AM
i like them and conan, but i think this is it for them with swotor coming up..im sorry but bioware is gonna kick major ass with a trifecta of mmo fans star wars fans bioware fans with that game
Really Long Witty Name [Stuff Nobody Really Cares About] @ Nov 18th 2009 3:41AM
Dreamfall was pretty good.
Z (uburi) @ Nov 18th 2009 9:11AM
I think you have the best name I've ever seen here. I would like to be your friend.
koehler83 @ Nov 18th 2009 4:58AM
I don't imagine their new Montreal studio is gonna last long unless they plan on making it their central headquarters. That would probably have a positive effect on their overhead.
bamb0o-stick @ Nov 18th 2009 7:46AM
Hooch: And you're basing this optimism on what? Funcom hasn't shown anything on The Secret World that is really promising except for trailers and a bunch of their people offering promises that haven't been shown yet. I was one of those people who jumped on the Conan wagon on day one, and it was was just a really unfinished game. It was like walking across a bridge only to find that the end wasn't complete. Instead of working and polishing their (I assume) first MMO, they decide to work on another project? Man I was pissed. Even Blizzard was smart enough to only focus on only one of their MMO, and many other developers follow that example.
Ebichu @ Nov 18th 2009 9:29AM
They better release Dreamfall 2 before they go bankrupt :
Urza @ Nov 18th 2009 9:37AM
Quick! Release the New Gaming Experience for AoC and drive off whatever few customers you have left funcom.
I'm sorry to hear they're in trouble, wish AoC were a better game. :(
Faar @ Nov 18th 2009 9:57AM
Perhaps they should simply re-tool Age of Conan into a single-player adventure/exploration RPG instead. They've done all the art for it already, all they need to do is structure the gameplay a bit differently and change the quest/leveling system to be less grindy and more centered around a central plot instead.
There's certainly enough Conan lore around to create a suitably epic storyline, and I'm willing to wager also enough gamers out there willing to experience some decent Conan hack-and-slash as long as you don't have to pay 10 bucks or whatever every month.
Companies today are so hung up on creating subscription-based MMOs, it's like they think there's infinite amounts of people out there willing to shell out every month for the exact same game, when in fact most see that as rather similar to a ripoff. (Says the WoW player since 2005.......) Subscription MMOs don't automatically make you loaded with money, in fact most MMOs languish in their small niche of the market (Ultima Online, the Everquests, City of Heroes/Villains etc) or even outright lose money.
crsh @ Nov 18th 2009 12:02PM
Gaute Godager nearly killed them up until he left about a year ago, but the damage was done; let's hope they get back on their feet quickly.
Kevin949 @ Nov 18th 2009 12:08PM
I'm not surprised at this with how screwed up the AoC game was when it was released. It was fairly unplayable when I bought it but then they released some patch about a week after I got it and made it completely unplayable for me and others with quad core phenom's and they didn't fix the problem and I lost out on my entire free month. Tried to contact them but never got compensation, only links to the forums. I was very disappointed with AoC because I did have higher hopes for it. I was always bummed that the DX10 client wasn't working on release either.