$18.8m USD loss in 2023 on revenues of $56m USD…
$19.5m USD loss in 2024 on revenues of $60m USD…
They went from $33m USD cash on hand a year ago to $13m USD cash on hand today, so they may need some sort of (additional) cash infusion in 2025 - as Pearl Abyss provided CCP with a $50m USD loan in 2023.
But hey, revenues are up 8% in 2024… 
Oz Report
Nosy Gamer
Let me see if I understand…
You guys complain if CCP profits.
You also cry if they don’t?
Breaking News! CCP is investing in new games, more at eleven.
A revenue breakdown would be interesting, ie: EVE, EVE Serenity, EVE Frontier, EVE Echoes, EVE Galaxy Conquest, etc.
I didn’t see any tears from OP.
At what point does CCP just figure out that they’re a one hit wonder and focuses whole hog on EVE Online instead of chasing crypto buzzwords and coming up with games that fail?
payments from Angelice Prime Foundation to CCP into account, PAI’s loss drops from $19.5 million down to $9.3 million. And 2023’s $18.8 million loss is reduced to $1.6 million
For all we know, EVE Galaxy conquest helped give CCP that increased revenue seen this last year (with only a few months at that). We don’t have to like the other games, but if they make CCP money, then it’s good for EVE Online.
That’s fair but it’s literally just a mobile asset flip so I doubt it cost much to make anyway.
Whatever accounting tricks you employ, it doesn’t change the fact that CCP has burned through roughly $20m of cash in the last year alone and only has about $13m cash left.
EVE Frontier only enters early access late Summer this year and EVE Vanguard is still a year or more away from early access.
Not sure how far out I’d want to have a subscription at this point. Probably 1-2 years, max. If we see players start liquidating mass stockpiles of PLEX and driving the price down the writing will be on the wall.
It is not like you buy properties just to throw them away. When I invest money in stocks, I am not looking a the price going up and down in value. I invest for the dividends they apply. Only day traders worry and sweat over the value in the long haul. Then there are tangible assets, such as physical items you buy and store, hoping the value increases over time. I remember all those companies investing in large super computers that depreciated in only 4 years time. Imagine being the accounting department telling them the $16 million dollar Cray they bought is now worthless. Tech and online games seldom increase in value over time.
My family invested in land. My father bought “junk property” or land that was deemed worthless at that time. Because the property had no clear access it was called “land locked” property. Eventually people do build roads and expand. Currently I get a check once a month from those “junk properties” it seems someone wanted to farm it. I get a crop check.
There are good investments and bad investments. I wouldn’t buy a failing game company in the hopes of making a come back or just to liquidate it. I am not a conglomerate like Pearl Abyss. If PA wants to leave them, they will sell the company to another conglomerate and take a loss. The loss can be a good tax shelter for them, maybe that is why they keep them around.
Try not to worry about it, just enjoy the dividends.
Have fun!
or maybe The Iceland Government should bail it out for it to run to a 100 years.
EVE Frontiers is being paid for by someone else, so not really something for us to bring up when talking about their spending.
From what I understand it’s an investment, but without being privy to the details I think this is just speculation. The game is advertised under CCP’s umbrella and payment goes through CCP - so for all intents and purposes it’s their game.
If their loss comes from a lower revenue then there might be a problem, if the issue comes from increased expenses then it’s probably investments.
It’s really not difficult to understand. Anything else is drama and stupidity.
if only there was a game that they could focus on instead of ramming their heads over project that will fail
OH WAIT THERE IS ONE
Even though I’ve ragged on CCP many times for “giving up” on EVE, there’s problems with that. Any company basing all their future hopes on a single, two-decade old, highly niche game filled with aging vets has got problems. They’d be foolish not to try to broaden their income base.
And from the perspective of someone who’s been in EVE almost from the start, CCP did good things when they “focused” on EVE… up to about 2009. Since that era, anything they’ve “focused” on has either died a horrible death, or been of questionable benefit to players. Scarcity, anyone? Rorquals? Blackout? Citadels?
Myself, I don’t b1tch at CCP for making money, or for losing it. I mostly complain when they fail to be good enough at their jobs that they don’t make enough money to keep doing their jobs. Or when they effectively throw away whatever they’ve managed to bring in.
It would be great if CCP management / the HQ environment would lose the “hey, failure is OK guys, don’t worry those players will always send more cash!” attitude and get serious about delivering quality product. But if it hasn’t happened in the past 15 years it’s unlikely to start now.
TBH at one time I had hopes that PA would realize it’s the CCP leadership holding the game back, and quietly turf them out. Who knows, maybe if things get tight enough they’ll take some action.
That’s high treason!!!