While it could have been worse, Funcom’s Q1 2015 financials could have been a heck of a lot better, too. In yesterday’s financial report, the company announced that its revenues dropped $144,000 from the previous quarter, bringing in $2.77M since the start of the year. Its main money makers are still Age of Conan and The Secret World.
However, not all is doom and gloom in Funcom’s world. Operating costs are down significantly for the studio, and it just appointed a new CEO, Rui Casais, who took up the position on May 13th.
A big portion of the report was devoted to the upcoming business model shift to buy-to-play for LEGO Minifigures Online. Funcom admitted that “monetizing the game has proven challenging” but has hopes that the new model plus the game’s summer release on tablets will help its outlook significantly.