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Funcom Touts the Most Profitable Year in Its History - MMORPG.com News

SBFordSBFord Former Associate EditorMember LegendaryPosts: 33,129
edited November 2018 in News & Features Discussion

imageFuncom Touts the Most Profitable Year in Its History - MMORPG.com News

The Funcom financial call is over and it's been a great year for the company anchored by the success of Conan Exiles. In fact, Funcom "is free of any interest-bearing debt as of 4 October 2018 for the first time since 2009". The report also included a peek ahead at a number of titles in development.

Read the full story here



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Comments

  • ScorchienScorchien Member LegendaryPosts: 8,914
    I said this last year that FCMKF is finally turning a corner it seems , there is certainly a better focus on leadership and direction for them Mutant should do well for them during the upcoming holiday , and they have done well this year , i anticipate that carrying over to 2019 with some of there upcoming projects
  • ElsaboltsElsabolts Member RarePosts: 3,476
    To little To Late I will never play another one of there games. Let the buyer beware.
    " Life Liberty and the Pursuit of Those Who  Would Threaten It "
                                            MAGA
  • waveslayerwaveslayer Member UncommonPosts: 607
    Good for Funcom, Anarchy Online is the best character building MMoRPG to this day and Age of Conan is a fun game and still holds up graphics wise.

    Elsabolts said:
    To little To Late I will never play another one of there games. Let the buyer beware.
     personally never had anything but satisfactory results when dealing with thier customer service.
    ScotScorchienSBFordiamspamicusRexKushman[Deleted User]itchmonNordicApache

    Godz of War I call Thee

  • ScotScot Member LegendaryPosts: 24,423
    They have made some fine games, but the multiplayer ones have had their flaws. They would be a loss to the industry no matter what some posters say.
    KyleranGorwegastovski1NordicApache
  • ScorchienScorchien Member LegendaryPosts: 8,914
    Scot said:
    They have made some fine games, but the multiplayer ones have had their flaws. They would be a loss to the industry no matter what some posters say.
    very talented bunch , that is not going anywhere:)
    SBFordNordicApacheScot
  • KyleranKyleran Member LegendaryPosts: 44,057
    Scot said:
    They have made some fine games, but the multiplayer ones have had their flaws. They would be a loss to the industry no matter what some posters say.
    I admire their moxie, despite the many challenges they've brought the company back from the brink. 

    With reportedly 6 titles in development they might be one of the few smaller companies not begging for change to build new games.
    SBFordRexKushmanNordicApacheScot

    "True friends stab you in the front." | Oscar Wilde 

    "I need to finish" - Christian Wolff: The Accountant

    Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm

    Fools find no pleasure in understanding but delight in airing their own opinions. Pvbs 18:2, NIV

    Don't just play games, inhabit virtual worlds™

    "This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon






  • Panther2103Panther2103 Member EpicPosts: 5,779
    I love most Funcom games. The only problem I have with them is they are pretty bad at patching out bugs. They definitely support their games way after the game is considered "dead" though which is great. I'm excited to try out all of the new games. One of the few companies I will try everything they put out. 
    SBFordiamspamicusNordicApache
  • WizardryWizardry Member LegendaryPosts: 19,332
    This can be taken a couple ways.
    They spent more money trying to make a good mmorpg in Conan so their profit margin was low.

    They put VERY little effort into Exiles but stirred up enough marketing interest they easily turned a good profit.

    When i see 6 titles in development,that is really scary,no way in hell do they have the manpower or money to pull that off.So they are "imo"making 6 really cheap games,likely a bunch of mobile,ARPG junk.

    Never forget 3 mile Island and never trust a government official or company spokesman.

  • VorthanionVorthanion Member RarePosts: 2,749
    NCSoft is doing the same thing, all of their recent MMO news is mobile bound.  The bandwagon is in full swing and I'm sure Funcom is jumping on with most if not all of those 6 projects being for the mobile market.

    image
  • ScorchienScorchien Member LegendaryPosts: 8,914
    Vorthanion said:
    NCSoft is doing the same thing, all of their recent MMO news is mobile bound.  The bandwagon is in full swing and I'm sure Funcom is jumping on with most if not all of those 6 projects being for the mobile market.
    From what i know , none of these upcoming are mobile games
    GorweSBForditchmonScot
  • WizardryWizardry Member LegendaryPosts: 19,332
    I actually decided to look at the report and it is sketchy to read.

    The main target number i looked at was cash INFLOW...2.6 million but they invested 3.7 million into future games.

    That is a net LOSS,not sure how they construed the 7.5 million REVENUES to sound like their best year ever.

    So then i look at 3.7 million into 6 future games,,,umm yeah VERY CHEAP games.Perspective FFVII many many years ago cost 50+ million.

    The SHOOTER game?Incoming another Battle Royale.

    Never forget 3 mile Island and never trust a government official or company spokesman.

  • MmoFan2012MmoFan2012 Member UncommonPosts: 23
    wow, unreal. funcom's PS4 Conan Exiles is still broken and unplayable.  they keep pumping out cosmetic content and broken features of the game that was suggested as part of the launch. at least bungie/destiny had a working game on console day one. 

    glad i could help funcom pay off their debt, it will be the last time i buy anything from them though. with 6 more projects in the pipe i bet they will be in debt again.
  • zacho56zacho56 Member UncommonPosts: 53
    Very happy to hear this. Funcom is a great studio and publishes some of my favorite games. Was worried a while back when I heard about their money problems, so it's good to see this.
    Sal1
  • H0urg1assH0urg1ass Member EpicPosts: 2,380
    This company has been saved repeatedly during the past couple of decades by a private party in Norway who has a strong desire to see a Norwegian game company survive.

    They've received multi million dollar injections from this unnamed private party several times, most recently in 2016 when they received over 6 million after the abject failure of their Lego game.  Also, that same year, they artificially reduced their debt through a debt conversion scheme that allowed 7 million in USD debt to drop off of their financial sheets.

    From an interview with Godager in 2015 regarding Norwegian investments into Funcom:

    The third reason was that the amount of money they were investing was just pocket change, at least to one of our investors. He's still an investor, and we're a listed company, but he hasn't sold any shares. He could have sold a lot of shares many times, but he hasn't; it doesn't matter to him. He can spend ten times as much, and that'll still only be third of an oil rig or whatever.


    In other words, before anyone gets hyped up that Funcom games are suddenly actually profitable, this has happened to the company many times.  It's just that one of their primary investors is willing to keep the company floating and waiting for that Overwatch, LoL, or WoW level game to roll out of Funcom and make him billions richer.

    Personally, I'm one of the people that wants to see Funcom and especially Conan titles succeed.  I'm a huge fun of REH's Conan stories, and I honestly wish more than anything that the company would drop a huge selling title so that they could spend some money making Age of Conan great again.

    RexKushman
  • Moxom914Moxom914 Member RarePosts: 731

    Elsabolts said:

    To little To Late I will never play another one of there games. Let the buyer beware.



    i love these kinds of comments. hilarious.
    druez
  • cheyanecheyane Member LegendaryPosts: 9,404
    edited November 2018
    Scorchien said:
    I said this last year that FCMKF is finally turning a corner it seems , there is certainly a better focus on leadership and direction for them Mutant should do well for them during the upcoming holiday , and they have done well this year , i anticipate that carrying over to 2019 with some of there upcoming projects
    I am very excited about Mutant Road to Eden. It's my kind of game. Funcom is a company that has remarkable ideas. Anarchy Online was way ahead of it's time it 'jumped the shark' in a way. Unfortunately their games are buggy and this hurt them a lot. Glad to see they hung on and did not go under.
    Scotkitarad
    Garrus Signature
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