Funcom Q1 2009 Results Promising

Despite major losses in 2008, Funcom’s newly released financial report for the first quarter of 2009 reveals that the company might be turning things around. Massively reports:

They brought in over US$7 million in revenue for the period, and although this figure is slightly less than the previous quarter (but without the disastrous US$23 million depreciation loss), they are pleased with the stability of their earnings during the economic turbulence of recent times. The report also mentions some positive trends in their flagship game Age of Conan:

‘¢ Longer average subscription periods, demonstrating customer loyalty

‘¢ The number of new customers per month is much higher than Q4 ’08 (the introduction of free trials helped here)

‘¢ A solid and stable customer base for the quarter

‘¢ Higher levels of activity in game than in previous periods

Not to be left out, The Secret World made it into the report as well, mostly just to say that the recent reveal was well-received, and the project is on track. Anarchy Online only really had a one-line entry in the report, and it was to say that revenues from the game were slowly declining.