In their third quarter finances, Funcom predicted a lower revenue for quarter four on account of the initial fervor over Age of Conan’s free to play ending. In the presentation, released today, Funcom reaffirmed this by posting a revenue loss of 11% quarter over quarter.
While Age of Conan remains Funcom’s primary source of income, revenue for the title was down compared to the previous quarter when Funcom launched free to play. Bloodline Champions, Funcom’s MOBA, saw an increase in profits thanks in part to the launch in Russia.
Quarter 1 2012 revenues are expected to be even lower due to a further decreased revenue from Age of Conan. Age of Conan, Anarchy Online, and Bloodline Champions continue to generate a positive cash flow for Funcom, brought down by the costs of developing several titles.
The finances also make reference to “Project A,” an MMO in the conceptual stage.
(Source: Funcom)
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