In sharp contrast to the release of NCsoft's Q3 earnings report, whereby NCsoft's profits were reported as pretty much doubled across the board, Funcom isn't doing as well. Funcom has released their Q3 earnings report, and it's not looking too good. The company's revenues are down 68.5%, with expectations to drop even further in Q4.
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To illuminate things a bit better, last year Funcom was reporting a profit of $3.3m in Q3, while this year they are reporting a $9.6m loss. Ouch!
Ironically, going back to the mention of the NCsoft report it would appear that NCsoft's wild success (mostly due to Aion) is at least in part, what contributed to Funcom's sharp losses. From the Age of Conan section of the Funcom report:
The Company ran a successful re-evaluation campaign during July, increasing the number of subscribers to the game. However, the launch of two major competing MMO-games during Q3 led to a subsequent reduction in subscriber levels.
You can read the full report here.
