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Funcom's First Quarter Financial Report Presentation For 2009
Trashcantoy
Member Posts: 827
get it here: http://www.funcom.com/wsp/funcom/frontend.cgi?func=publish.show&func_id=1349&table=CONTENT
MMOs currently playing: -
About to play: Lord of the Rings Online
Played: Anarchy Online (alltime favorite) and lots of f2p titles (honorable mentions: 9Dragons, Martial Heroes, Dekaron, Atlantica Online)
Comments
Looks ok to me so far:
"Funcom's First Quarter Financial Report For 2009
Subscriber retention improving in Age of Conan -
EBITDA for Q1 2009 amounting to 2,898 TUSD
Funcom N.V.'s revenues amounted to 7,725 TUSD in Q1 2009 (up from 963 TUSD in Q1 2008).
EBITDA for Q1 2009 ended at 2,898 TUSD (up from - 2,553 TUSD in Q1 2008), while EBIT amounted to 1,439 TUSD (compared to -2,953 TUSD in Q1 2008)
Revenues and EBIT was positively impacted by a revaluation of expected returns on box sales and a recalculation of royalty of 800 TUSD relating to sales in Q2 and Q3 2008 performed by the publisher in Q109.
"The positive indications on subscriber retention from January 2009 has been reinforced and strengthened in the following months for the Age of Conan game." says CEO Trond Arne Aas.
The Company's financial position remains strong, with close to 40 Million USD in cash as of 31 March, 2009. The cash position improved slightly during Q109 and was impacted by payment from Neowiz, Funcom's Korean partner for the Age of Conan game, and received royalty for box sales.
The Company has a defined investment program and considers the financial resources to be sufficient to complete and launch the MMOs in development. The strong potential for The Secret World, Funcom's upcoming MMO was confirmed by the broad and positive positive coverage and feedback from both world gaming press and gamer communities after the game reveal on 7 April.
Please see the attached quarterly report for more detailed accounting information. Funcom's first quarter financial report for 2009 can also be downloaded from the company's website, under the page 'Investor Relations'."
Is this good?
edit: somehow im too stupid to paste picture.... Grrrr.....
RIP Orc Choppa
I guess when you are used to losing 50% of your subscribers every quarter, anything is a improvement. Grats on cherry picking the spin number though. EBITDA is earnings before interest, taxes, deductions and amortization.
Actual profit was only 1,468 TUSD. Which while a improvement is still only about half of what you are trying to spin it to be.
I miss DAoC
The good thing is that this report silences the "Funcom will be bankrupt" crowd. They have a very small profit and they have USD 40 mill in cash. The risk for bankrupcy is simply not there anymore.
Originally posted by BishopB:
Are a lot of the trolls just angry kids with old gaming hardware?
I agree..
Don't get me wrong, this is nothing spectacular to cheer about. But, this does kill some doom and gloom attitudes. The game is another in a line of Niche MMO's that does ok on the market.
All I know is I love it to death, and I am glad the game will be running for a while still.
Cheers
I guess when you are used to losing 50% of your subscribers every quarter, anything is a improvement. Grats on cherry picking the spin number though. EBITDA is earnings before interest, taxes, deductions and amortization.
Actual profit was only 1,468 TUSD. Which while a improvement is still only about half of what you are trying to spin it to be.
... what a failure of a troll post
he only said that it "looks ok so far" he isnt spinning anything. everyone thought it would be worse, but they are past that point
MMOs currently playing: -
About to play: Lord of the Rings Online
Played: Anarchy Online (alltime favorite) and lots of f2p titles (honorable mentions: 9Dragons, Martial Heroes, Dekaron, Atlantica Online)
Unfortunatly I dont think this report will change anything. Just look at Jackdawn above. Instead of saying they'll go bankrupt now they'll just say "yeah they made money, but it wasn't a lot!"
I'm glad that conan is pulling through and I hope to see it grow more in the future.
I think you missed one critical point:Age of Conan lost more subs quicker than any MMO in history, with a 50% drop in playerbase within it's first month.
1st month 800,000
2nd month 400,000
4th month <100,000
capt obvious to the rescue :rollseyes:
PS: you nicely edited your post (in the other topic) you copy pasted into here, kudos
MMOs currently playing: -
About to play: Lord of the Rings Online
Played: Anarchy Online (alltime favorite) and lots of f2p titles (honorable mentions: 9Dragons, Martial Heroes, Dekaron, Atlantica Online)
I think this looks pretty good for Funcom and AoC.
An average of 120k-140k subs is good considering they probably were lower at the beginning of the period.
120 people, not including support, working on AoC looks like serious focus as well
I just wonder why their guidance for Q2 is lower than their actual revenue for Q1 all statements and indicators considered?
Oh, and it seems that AoC finally was taken completely off the Xbox360 radar... (Only TSW is mentioned in connection with xbox)
We dont need casuals in our games!!! Errm... Well we DO need casuals to fund and populate our games - But the games should be all about "hardcore" because: We dont need casuals in our games!!!
(repeat ad infinitum)
yeah, never convinced they would go bankrupt
who accepts 30 million from microsoft and then goes bankrupt?
they clearly weren't increasing expenses for a company doing 48 bucks a share (relative to now), they knew what was comin (and chose their expenses accordingly)
Just when you think you have all the answers, I change the questions.
problem is that just as a previous poster stated AoC has missed the golden window of opportunity. At best even if they complete the turnaround growth will be slow and if growth is slow profits are slim. Not a damn thing they can do about it at this stage either. Best hope is that the expansion will pull a lot of people back that have gotten bored and quit. And the expansion better be damned good and not like the ones they put out for AO.
I miss DAoC
yeah, never convinced they would go bankrupt
who accepts 30 million from microsoft and then goes bankrupt?
they clearly weren't increasing expenses for a company doing 48 bucks a share (relative to now), they knew what was comin (and chose their expenses accordingly)
link to the Microsoft referance please and FC stock has never been at 48 bucks a share. Their tops was around $10 US ( 54 NOK) it is at about 94 cents US today or 6.10 NOK
I miss DAoC
aww i bet them bitches are gonna put endgame in the expansion.. ass munchers gonna try and get my money
good play (we'll see if it works)
Just when you think you have all the answers, I change the questions.
I think they also know how to keep cost in bay. AO hasn't had too high subcriper amount, but they are still alive. So even if they aren't huge, they can still live.
aww i bet them bitches are gonna put endgame in the expansion.. ass munchers gonna try and get my money
good play (we'll see if it works)
they better get the endgame in with 1.05 or there won't be anyone left who gives a damn about the expansion LOL, and the expansion better be something along WOTLK and MoM or they are going to be hurting
I miss DAoC
yeah, never convinced they would go bankrupt
who accepts 30 million from microsoft and then goes bankrupt?
they clearly weren't increasing expenses for a company doing 48 bucks a share (relative to now), they knew what was comin (and chose their expenses accordingly)
link to the Microsoft referance please and FC stock has never been at 48 bucks a share. Their tops was around $10 US ( 54 NOK) it is at about 94 cents US today or 6.10 NOK
damn, coulda sworn it was microsoft
I was wrong, $30million from unnammed investors (mid 2007)
Just when you think you have all the answers, I change the questions.
aww i bet them bitches are gonna put endgame in the expansion.. ass munchers gonna try and get my money
good play (we'll see if it works)
they better get the endgame in with 1.05 or there won't be anyone left who gives a damn about the expansion LOL, and the expansion better be something along WOTLK and MoM or they are going to be hurting
nothing in the notes (which i glossed over) suggested end game
could be wrong like the micorosft and stock price
Just when you think you have all the answers, I change the questions.
yeah, never convinced they would go bankrupt
who accepts 30 million from microsoft and then goes bankrupt?
they clearly weren't increasing expenses for a company doing 48 bucks a share (relative to now), they knew what was comin (and chose their expenses accordingly)
link to the Microsoft referance please and FC stock has never been at 48 bucks a share. Their tops was around $10 US ( 54 NOK) it is at about 94 cents US today or 6.10 NOK
damn, coulda sworn it was microsoft
I was wrong, $30million from unnammed investors (mid 2007)
2007, that figures. You have to wonder if they could raise 30K post AoC release let alone 30 mil
I miss DAoC
looking at web site traffic they had a good increase during January and the time period immediately the server merges. By the end of march or beginning of April though it is about back to November/December timeframe. Next surge won't occur till after 1.05 and I think they will probably have a come back to Hyboria campaign for the vets to coincide with that. Safe thing for them to do is under estimate rather than exaggerate in case 1.05 is either delayed or not well received.
I miss DAoC
I guess when you are used to losing 50% of your subscribers every quarter, anything is a improvement. Grats on cherry picking the spin number though. EBITDA is earnings before interest, taxes, deductions and amortization.
Actual profit was only 1,468 TUSD. Which while a improvement is still only about half of what you are trying to spin it to be.
I didn't spin anything, those are the words at funcom.com. I just copy n paste this morning and had time to cut and past 3 pics in. Gratz of having the ability to look at it differently. It is wrote pretty clearly after all.
capt obvious to the rescue :rollseyes:
PS: you nicely edited your post (in the other topic) you copy pasted into here, kudos
It is also wrong too. I don't know about history stats for all games, but I will say, and not to nit pick here, over the same period of time from release to reported figure WAR actually lost more than AoC did. Battle your second figure should actually be in the third month. Whoopsie. and 3rd figure is... made up? k
www.mmorpg.com/discussion2.cfm/thread/236217
Make another post...it still wont mean anything to the people who like AoC....
*rolls eyes*
"This may hurt a little, but it's something you'll get used to. Relax....."
Good job by Funcom making the game alot better for their players and potentially new players. The game may never reach its max potential but no longer is this game a stinker. If this game ver comes to the Xbox I might just return but I'm actually more excited about The Secret World.
Your right, this post was up first this morning and all of that could of been posted in here.