The third quarter results are in for Funcom, and the news is a mix. The Secret World has launched and revenues for the third quarter are 10,963 TUSD, more than double for the same quarter in 2011 and far higher than in the second quarter of this year. Unfortunately due to the poor launch of The Secret World in July, new estimates show that the company may not achieve a positive cash flow in 2013. All of Funcom’s titles that have launched are in a position of bringing in a positive cash flow, while development continues for Funcom’s Lego Minifigures MMO, as well as Project A revealed previously and in conceptual stages. The Lego MMO is set for a 2014 launch.
Now for some juicy speculation. Funcom stated that 30-40% of The Secret World’s income is from the cash shop. Since The Secret World pulled in $1.1 million USD in October, and we’ll go the low route and say 70% is from subscriptions and they are all people paying the $15 a month. That leaves Funcom with approximately fifty one thousand subscribers for The Secret World in October. This number is either great or terrible, depending on your perspective. Hopefully it is more than enough to keep the MMO going.
Funcom has retained ABG Sundal Collier and GP Bullhound, leading some to believe that the development studio is on the verge of selling itself off to the highest bidder.