Age of Conan subs hit 100,000, Funcom CFO resigns following $23.3 million loss

By Patrick Garratt, Monday, 23 February 2009 15:30 GMT

ageofconan14

Funcom CFO Olav Sandnes has resigned after Funcom’s Q4 results showed a $23.3 million loss.

A stumbling Age of Conan was blamed for the decline. E24’s estimated today that subs for the MMO are now as low as 100,000.

“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 organisation all the best in realising the full potential of the company,” said Sandnes.

While Funcom’s cash position remains solid at $39.4 million, the company reported a full-year net loss of $33.8 million.

Thanks, GI.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

Age Of Conan Hyborian Adventures

  • Age of Conan's 5th anniversary in-game event

    As part of the celebrations for Funcom’s Age of Conan 5 year anniversary, brutal boss monsters will be roaming and rampaging through the world of Hyboria for five days in a row.

  • Two new worlds rumoured for Age of Conan

    Craig “Silirrion” Morrison hinted last month that there was something interesting in the works for Age of Conan. Now, forums for the game are a-buzz with the idea that two new lands may be in development, filled with a multitude of new zones.

Funcom

Funcom Q4 Financials 2008