Funcom revenues fall 68.5%

Funcom revenues fall 68.5%

By Ben Parfitt

November 17th 2009 at 5:09PM

Numbers down 68.5 per cent year-on-year to $5.7m as profit turns to loss

Age of Conan developer Funcom has reported a bad set of financials for its fiscal Q3, with revenues falling 68.5 per cent year-on-year to reach $5.7m.

In total Funcom’s losses hit $9.6m for the period. In Q3 last year it recorded a profit of $3.3m. The drops were blamed on both declining revenues from Anarchy Online, as well as the fact that Age of Conan was released in the comparable period last year.

Its year-to-date numbers show that revenue has declined from $31.3m to $20m.

There's plenty more information from the report over on CasualGaming.biz.