Funcom reports that 2017 was the most profitable year in its history
With significantly higher revenue and sales coming in 2017, Funcom announced to its investors that it just came off the most profitable year in the studio’s history. The studio made $23.2M in revenue and $6.64M in profit during the period, a massive increase over 2016, during which it only made $7.3M in revenue. Even better, Funcom said that it has significantly reduced its debt and strengthened its position.
As for its games, Funcom said that Secret World Legends’ new story content is coming in the first quarter and is expected to bring back players and push user acquisition. Conan Exiles’ May launch is a source of particular excitement, and Funcom is planning on several marketing initiatives to push sales. Anarchy Online and Age of Conan were not mentioned in the report.
Of course, the studio is particularly excited about today’s announcement of its publishing Mutant Year Zero.
Funcom Oslo continues to work on a new Conan the Barbarian title, while Funcom North Carolina has greenlit a “cooperative online shooter” using the Heroic Signatures IP that is going into pre-production next month. There is also a third IP-related project that is being mapped out for the future.
The studio also tooted its horn when it came to the acquisition of half of the rights to Heroic Signatures IP for games and shook with delight over the development of an Amazon TV series starring Conan.