Gamigo 3Q 2019 revenues are up thanks to ArcheAge Unchained and Trion acquisition

But the company isn't talking much about RIFT

    
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We’re already in Q4 as far as the fiscal calendar goes, but it’s never too late to peek back at the quarter passed, which is what Gamigo has done this week with its third quarter fiscal report video. According to the presentation, Gamigo had a strong third quarter with €14.5M (about $16M US) in net revenue, with 44% of its revenue coming from North America and 47% from the EU. Most of this is being attributed to Gamigo’s acquisition of Trion Worlds, events and updates to games like Fiesta Online and Grand Fantasia, and pre-sales of ArcheAge Unchained. In total, 72% of Gamigo’s profit margin comes from its PC games.

Gamigo expects to perform just as well in Q4, with promise of “really exciting game launches coming up” and the rationale that people will have money to spend during the holiday season. The report specifically calls out future game developments like Ironsight, the relaunch of Desert Operations, and of course ArcheAge Unchained. Perhaps worryingly, the report doesn’t mention RIFT at all, with only a couple of images referencing the game used during its presentation.

For those who count themselves among the armchair fiscal analysis crowd, you can get the full rundown in the video below, or you can just read the .pdf yourself.

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Maklah

Meanwhile in Archeage there is a giant dumpster fire and the teams are doing shit all about any of it.

Mewmew
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Mewmew

They’re making money off the old hard work that built up the games when they had more developers working on them. This isn’t going to last. The fewer developers they have working on content may let them get away with making money now because they aren’t paying many people and they still are able to coast the games along, but the games will suffer long term from the lack of development work.

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Toy Clown

Gamingo never had (nor did Trion) any developers for their games as they were strictly publishers for all games in their portfolio except for Rift and I think Trove. AA:U is still being developed by Pearl Abyss, the owners of the game, and its that way with many other games in Gamingo’s publishing portfolio.

The fact they made any cash at all is surprising to me, but I’m glad they did. Maybe they can hire more managers.

Ernost
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Ernost

AA:U is still being developed by Pearl Abyss, the owners of the game

I think you mean XLGames, Pearl Abyss is the developer of Black Desert.

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Bruno Brito

Expected. We’re going to see how they really do as a long term company as the years go by.

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Drago

Wont last Gamigo are as bad as Trion.

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Toy Clown

What makes me tolerant of all that’s happened since AA:U released is I forked cash over once to buy the game and I haven’t had to pay any more real money for subs or pay-to-win features. Unchained is now my favorite all-time BtP game. So much to do, which makes the value of it shoot sky-high IMO.

On your comment’s note, I am hoping they get CMs that actually play the game. I have no idea what happened to Djarja and Khrolan, who were the backbone for release.

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Paragon Lost

Short sighted short term gains, nothing more. Sadly, the business as usual mind set of capitalism these days versus long term strategies. It’s all pretty much a shell game of move this around, shuffle that claim that they’re worth X amount for their investors. Man do I dislike unethical, unfettered, unregulated capitalism.