Funcom Q3 2016: Bad For Funcom, Good For The Secret World

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It doesn’t take a financial expert to know that things aren’t so hot when the top story is the sale of 15 million shares for $954 thousand. Funcom has released their third quarter revenues and the results are not so great. Revenue in Q3 amounted to $1.7 million, down from the nearly $2.2 million over the same period last year and compounded by the presence of said share sale. The good news is that the company no longer appears to be fully underwater, with equity at $97 thousand compared to negative $365 thousand over the same period last year.

As announced well over a year ago now, Funcom has changed its development strategy to one that focuses on small, low budget experimental titles alongside less frequent, larger games. This new plan has brought us The Park, spooky jump-scare game Hide & Shriek, as well as the upcoming Conan Legends, slated for release into early access in January. According to the quarterly report, Funcom are constantly looking out for new and emerging platforms like virtual reality and eSports, and augmented reality to create new products.

The Secret World players will be happy to know that a massive update is coming in the first half of 2017, something that Funcom has described as a “major upgrade to both retention and acquisition mechanics and content of the game.” Age of Conan will be receiving a new dungeon while Anarchy Online hopes to revitalize itself by launching on Steam sometime in the fourth quarter. The Park is effectively a money machine at this point, as low as its sales are, due to the fact that development has finished.

As for Conan Exiles, expect more marketing on that game to crop up in November with the additional news that the game is being developed for Xbox One, while Funcom hopes that the game will still be in the top 10 survival games being played a year after launch. Another Conan game is in the works, albeit very early in the concept phase, and not set to go into development until Conan Exiles exits early access.

(Source: Funcom)

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