Funcom Is Debt-Free For First Time Since 2009, But Expects Less From Aging MMOs

Jason Winter
By Jason Winter, News Editor
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A few years ago, we wondered aloud if Funcom was worth saving. At the time, the developer was limping along with just a few old MMORPGs and not much else to show, but three years and one hit game later, things seems to have changed dramatically for the better.

Last week, Funcom released its financial report for Q3 2018, and the generally positive tone can be summarized thusly:

"We’re happy to report that the Third Quarter of 2018 has the highest quarterly EBITDA margin in the Company’s history, and after this quarter we have already beaten last year’s profitability record ... The Company is free of any interest-bearing debt as of 4 October 2018, for the first time since 2009."

Overall revenue is up 25% from Q3 2017, and most of the good news is borne on the wings of Conan Exiles, especially for its strong debut on Xbox One. The free-to-play relaunch of Secret World Legends also gets some credit, though Funcom is realistic about its MMORPG prospects (Secret World Legends, Age of Conan, Anarchy Online) going forward:

"Revenue from the MMO games are expected to slowly decline over time due to their ageing. However, Funcom will continue to launch events and content releases to spur periods of growth."

That "growth" will also be powered by Mutant Year Zero: Road To Eden and an upcoming shooter title, both of which will be premium games. The company has other games in development -- six in total -- but there's no word yet as to their payment models.

You can get Funcom's Q3 2018 financial report in a number of ways: with graphics, with plain text, and via video (below). Just don't let the tabs in your browser fool you.

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About the Author

Jason Winter
Jason Winter, News Editor
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.

Discussion (1)

GratzFuncom 4 years ago
This actualle gives me joy.
Still think TSW is one of the most underated mmos out there.
Altough the change to F2P brought some things that I deslike ( levels, restrictions in gear from dungeons ), the quests are still the most fun and challenging out there, not to mention the warm feeling you have when you solve that tricky investigation quest.


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