Funcom’s financials improved in Q4 2014 but are down year-over-year
So do you want the good news or the bad news when it comes to Funcom’s financials? The good news is that the studio saw a bump in revenue in the last quarter of 2014, with The Secret World being its strongest moneymaker. The bad news is that revenues were almost half of what they were a year ago, decreasing from $21.4M in 2013 to $12.6M in 2014 due to “the ageing of the live games.”
Funcom said that the studio’s monetization of LEGO Minifigures Online has taken longer than expected. The upside is that recent promotions have caused a steady player increase and the studio is preparing to roll out the game to additional platforms.
The report said that the studio has enough to fund 2015: “Overall, Funcom’s live games continue to generate a positive net contribution to the business and investment levels are constantly reviewed and aligned with expected revenue to ensure that they will continue to contribute positively to the company in the future.”[Source: Funcom Q4 2014 financial report]