Funcom celebrates ‘most profitable half-year’ in studio’s history and changes logo

    
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Pop the cork and down some champagne, because Funcom is on a roll. In today’s Q2 2017 investors report, the studio crowed that it just finished “the most profitable half-year period in the company’s history” thanks to Conan Exiles and Secret World Legends.

Revenues from the second quarter topped $3.07M, a 79% increase from the same period in 2016. It still is a significant drop from the $10.92M revenue taken in during Q1 2017, and the studio was quick to note that Secret World Legends’ reboot had minimal impact during this quarter. Also during Q2, Funcom halved its debt and increased its equity by 40%, putting the company in a much more stable position.

The studio said that Secret World Legends’ relaunch “exceeded expectations” and that Conan Exiles was the main driver of the studio’s income for the quarter. There were apologies made in the presentation over Conan Exiles’ shaky Xbox One game preview rollout and assurances that the studio will get better at all of this by the time the survival title launches.

In the report, Funcom announced that it had signed a deal with Bearded Dragons to release a currently untitled game in 2018. According to the report, this game will be a “tactical turn-based strategy” title initially released for the PC. Additionally, Funcom’s various studios are working on a new Conan the Barbarian game for 2018 as well as a possible project that will depend on the performance of Secret World Legends.

It also commented on the bizarre announcement of The Secret World TV series, saying, “This activity is part of the company’s long term plan to develop and grow its IP portfolio and is not expected to contribute directly to the company’s financials for the next couple of years.”

To reflect the repositioning of “Funcom 2.0,” the studio has adopted a new logo to replace the one it’s been using since 2005. The reimagined Funcom logo is a screaming face against a white flag that supposedly represents tradition, ambition, and determination. “Internally we like to call it the new Funcom,” the studio said. “We’re not done yet, we still have work left to do, but we’re getting there.”

Source: Financial report, logo change. Thanks DeviantFish!
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Lateris

That is great news!!! But I really wish they would do something with Age of Conan such as a new expansion that is not just a small height map for DLC.

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Alex Hurlbut

Last I heard they have put AoC on life support? that is, they aren’t doing major contents for it anymore and just maintaining it from now on.

xpsync
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xpsync

So happy for them and not because SWL is my new home and this is probably the best news i could ever read with regards to it’s future, but because I’ve been with them ever since AO. Over the years there have been too many low points, but they never gave up and they deserve this more than any other studio out there.
A real turn around story, Kudos Funcom!

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Richard de Leon III

I love good news, especially relating to TSW/L surviving :)

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Alex Hyer

I like it.

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Ben Stone

If you turn your head to the left it looks like a man who just vomited some goop on the floor. Or maybe that is his head in a toilet.

Celestia
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Celestia

That guy hates flags so much!

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Utakata

….could of been a screaming guy waving a tiki torch. :(

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Toy Clown

That’s freaking awesome! I’m so happy to see Funcom doing well.

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Theodrax

I am happy for the company. I’m really enjoying SWL and want them to be able to keep the servers alive. Hopefully they will take some of that money and keep improving the game.

xpsync
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xpsync

Same here i don’t touch anything else anymore, no point when your home.

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Droniac

With that new logo, does that mean a collaboration with Epic Games is in the works?
Or did they just hire the same designer?

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Ukrutor

At least Epic logo respects its own ancient lineage.
Good thing they got rid of the “mega” though – that was so so SO 90s. ;)

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Fair Mores

Cheers! I wish them continued prosperity!