Funcom has released their first quarter finances for 2015, and the results are a bit of a mixed bag. Revenue fell over the first quarter from the same time last year, down from $3.8 million in 2014 to $2.7 million. Despite this drop, Earnings Before Interest, Tax, Depreciation, and Amortization came out higher, $487 thousand compared to $451 thousand. In line with revenue falling, Funcom was also able to cut operating costs down to $2.2 million, $1.4 million down from the same point nearly a year ago.
Over on the operations side, Funcom’s bread and butter continues to be its three profitable MMOs (The Secret World, Age of Conan, and Anarchy Online). Lego Minifigures Online is set to launch on tablets this summer, however the game will be undergoing a business transition to buy to play instead of its original free to play. In the report, Funcom admits to overestimating the buying power of its target audience, and has committed to making changes to improve on player satisfaction.
(Source: Funcom)
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