Funcom records loss for latest financial quarter

Posted Nov 17th 2009 12:00PM by John Callaham
Filed under: Biz, MMO

MMO game developer Funcom continues to have financial problems as shown in their latest economic press release today. The company announced that it had a loss of $9.6 million for the quarter that ended on September 30 compared to a profit of $3.3 million last year. Revenues were down to just $5.7 million for the quarter which is a nearly 69 percent decrease from the same period a year ago.

Nearly two months ago, Funcom cut their work force by 20 percent and announced a delay in the release of their next major MMO project The Secret World. Today they announced that their first free-to-play casual MMO, Pets Vs Monsters, would go into beta testing in December with an official launch in 2010. They also stated that their first major commercial expansion for Age of Conan would launch in the first half of 2010.

Tags: age-of-conan, funcom, pets-vs-monsters, the-secret-world

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