Funcom: Major increase in popularity for Conan Exiles

Research Note

2020-03-02

16:25

The Q4-results were in-line with our estimates with net sales of USD 6.6 million, versus our expected USD 7.1 million. EBIT was USD -0.5 million, close to our estimate of USD -0.1 million. Revenues from the three-year-old Conan Exiles was the key revenue driver. The game’s popularity shows its highest numbers since the game’s two launch quarters (Early Access and full-launch) in January-February 2020.

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Tomas Otterbeck

Kristoffer Lindström

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