It was going to be hard for Funcom to top its 2018 financials, given that it rolled out Conan Exiles last year but has spent most of this year publishing other studios’ titles while it works on the multiple online games in its pipeline, so it’s no surprise that its third quarter revenues are down quite quarter over quarter and year over year: $5.353M compared to $7.534M in the same quarter in 2018, a drop of 29%.
“The third quarter of 2019 was a low-key period in terms of releases for the company, with several small activities happening on several games,” Funcom CEO Rui Casais says, referring to Mutant Year Zero: Road to Eden, Conan Exiles, and Moons of Madness. “We continue the investments into our games pipeline and particularly into our internally developed games Conan Exiles, the DUNE open world survival game and the Mutant Chronicles online shooter.”
Those two games, of course, we already knew about, along with Conan Chop Chop, whose launch was previously delayed in 2020 in order to onboard proper multiplayer. But the press packet also mentions two additional unrevealed titles, one published for developer Games Farm, and one published for The Outsiders, a Swedish-based indie studio run by former Battlefield devs that’s apparently working on an RPG. The studio’s original trio of MMOs aren’t mentioned outside of a slide for “community events.”
In his note for investors, Casais also reiterates his welcome for China’s Tencent, which purchased 29% of the company in September to become Funcom’s largest shareholder.