Funcom Financials Fall

GamesIndustry International has details on Funcom's latest financial reporting, saying the Norwegian developer's revenues were down in their 2013 fourth fiscal quarter, mostly due to poor performance of The Secret World. Word is: "In the quarter ended December 31, 2013 Funcom earned $4.3 million in revenue, down from the $7.8 million it earned in the same quarter the previous year - the quarter directly following The Secret World's release. Funcom's earnings before interest, tax, depreciation and amortisation (EBITDA) were $233,000, down from $2 million the prior year."
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Re: Funcom Financials Fall
Mar 5, 2014, 18:44
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Re: Funcom Financials Fall Mar 5, 2014, 18:44
Mar 5, 2014, 18:44
 
Funcom is a really sad story, these guys had every opportunity to make some great games after the success of the Longest Journey, but instead of using their momentum to solidify their position, they turned to overambitious shit like conan and secret world, projects that sought to challenge WoW and all the other MMOs out there. They were a small company, and should have gradually built themselves stronger before taking on international giants like blizzard. They could have made some cool smaller games.
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