May 17, 2009

Funcom Q1 2009 Financial Report

Funcom have released their official Q1 2009 financial report for their investors and anyone interested in the company. You can go ahead and download the .pdf file here.

I was quite pleased to learn that Funcom were in profit this quarter, with Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Earnings After Tax (EAT) being 2.898 and 1.468 million USD, respectively. Plus their revenues were around $7.7 million. Overall this goes a long way to prove the naysayers wrong who we almost ready to declare Funcom going bankrupt next year.

The report contains some information on Age of Conan: Hyborian Adventures, mostly outlining recent improvements to the game and the resulting increase in customer loyalty and activity. We also have this AoC roadmap for the next 6 months:

And I think all Funcom fans will be interested in how the development of their new MMORPG, The Secret World is going. From what I hear it was a big hit on GDC this year, and the sweet-looking teaser trailer has got a lot of attention from gamers. According to the report, The Secret World will be using the same DreamWorld engine that Anarchy Online and Age of Conan is, will be released both for PC and Xbox 360 (wonder how that is going to work), and there currently are over 100 people working on it - versus the 120 working on Age of Conan.