By Alex Chen | January 01, 0001
The Age of Conan has been rather rough on Funcom, whose fourth quarter financials reveal an operating loss of $23.3 million, possibly prompting the departure of chief financial officer Olav Sandnes. Funcom’s latest massively multiplayer online game Age of Conan is to blame for the company’s huge deficit, with $22.8 million depreciating in the face of the game’s poor performance. The bad financial news was compounded by the announcement of CFO Olav Sandnes’s departure.(new Image()).src = 'https://capi.connatix.com/tr/si?token=995c4c7d-194f-4077-b0a0-7ad466eb737c&cid=872d12ce-453b-4870-845f-955919887e1b'; cnx.cmd.push(function() { cnx({ playerId: "995c4c7d-194f-4077-b0a0-7ad466eb737c" }).render("79703296e5134c75a2db6e1b64762017"); }); “Funcom is a company with a substantial potential based on a unique combination 
of skill sets in a fast growing global market. I wish Trond Aas and the rest of the organization all the rummy satta best in realizing the full potential of the company,” commented Sandnes. Despite the operating loss, 
revenues rummy star were up for the fourth quarter, with subscription fees from Age of Conan raising them to $8.7 million over last year’s $1.2 million. In layman’s terms, Funcom gained money from subscription fees, but lost money actually operating the game. This is reflected rummy wealth in the closure of over half of the game’s servers last year. The company basically spent too much to make that $8.7 million. Still Age of Conan soldiers on, despite estimates the 
the subscriber levels for the game are below the 100,000 mark. There’s still hope, as Funcom has recently announced launch plans for the game in Poland and Russia, two countries where Conan remains immensely popular. We’ll be keeping our fingers crossed. Funcom CFO resigns following $23.3m loss [GamesIndustry.biz]
3 Reader Comments
ReelFanatic8607
The progressive jackpots are thrilling, and it's exciting to watch the jackpot amounts grow as more players spin the reels. I hope they add even more jackpot slots because it adds a lot of excitement to the gameplay. Customer support has been outstanding whenever I had any issues. They respond quickly and professionally, ensuring that any concerns with deposits, withdrawals, or gameplay are addressed immediately, which makes me trust the platform more.
SpinQueen6731
Customer support has been outstanding whenever I had any issues. They respond quickly and professionally, ensuring that any concerns with deposits, withdrawals, or gameplay are addressed immediately, which makes me trust the platform more. The progressive jackpots are thrilling, and it's exciting to watch the jackpot amounts grow as more players spin the reels. I hope they add even more jackpot slots because it adds a lot of excitement to the gameplay. The variety of games is excellent, including table games like blackjack, roulette, and baccarat, in addition to slots. This keeps the platform interesting and allows me to switch games depending on my mood.
GameAddict9658
The promotions and bonuses offered are very generous. I especially love the daily free spins and deposit bonuses. They make playing even more enjoyable and increase my chances of winning big. The platform keeps me engaged for hours every day. I love the overall aesthetic of the platform. The animations, visual effects, and sound design make the gaming experience more dynamic and immersive. It's one of the reasons I keep coming back. Customer support has been outstanding whenever I had any issues. They respond quickly and professionally, ensuring that any concerns with deposits, withdrawals, or gameplay are addressed immediately, which makes me trust the platform more.