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CCP brings in $66M in revenues. Contemplates IPO

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The Gonif Pator Tech School Minmatar Republic 0	Posted - 2012.02.22 03:29:00 - [1] - Quote http://techcrunch.com/2012/02/21/eve-online-saw-66m-in-revenue-last-year-mulls-ipo/ CCP Games, the makers of the massively multiplayer online role-playing game EVE Online , say the company brought in $66 million in revenue last year. The game, a science fictional adventure set in a star cluster dominated by five major civilizations, first launched in 2003, and its subscriber base (currently about 400,000) has grown every year since launch. Revenue has been growing too, at a compound annual growth rate of 53 percent, bringing in total revenue of $300 million over the gameGÇÖs lifetime. As for profits, CCP would only say that it has GÇ£very healthy marginsGÇ¥ GÇö a claim backed up by the fact that it has grown to more than 450 employees despite only raising $3 million in seed funding. This might seem like an illustration that traditional online gaming, overshadowed in the media by casual social games like those from Zynga, can still work as a business model. At the same time, CCPGÇÖs new CMO David Reid says the company has been excited to embrace new models, in addition to the traditional subscriptions offered by EVE. CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says. Its next game, DUST 451, is scheduled for release this summer, and will go further in this direction, charging players for in-game credits rather than subscriptions or playing time (though there is an initial GÇ£cover chargeGÇ¥). ThatGÇÖs not the only ambitious thing about DUST. With its first-person shooter gameplay, this is CCPGÇÖs attempt to reach the audience that made franchises like Call of Duty a hit, while also connecting to the EVE universe. Through mechanisms like orbital bombardment, the space-based players in EVE can actually affect the planet-based combat in DUST, and vice versa. As a result of its plans for DUST, as well as Asian expansion for EVE, CCP says 2012 will be its bigger year yet. In fact, the Icelandic companyGÇÖs CEO Hilmar Veigar Petursson says an IPO is a possibility, though predictably, he wouldnGÇÖt commit to anything. GÇ£We want to be ready for an IPO from a policy standpoint,GÇ¥ Petursson says. GÇ£WeGÇÖre quite a substantial company, so weGÇÖre thinking, GÇÿOkay, what is the next step?GÇÖGÇ¥
Herping yourDerp Federal Navy Academy Gallente Federation 400	Posted - 2012.02.22 03:31:00 - [2] - Quote did you, or the article type Dust 514 to 415.... ( i really wish the name was just Dust.) i'd buy stock in ccp if i could and had moneys.
Doc Fury Science and Trade Institute Caldari State 389	Posted - 2012.02.22 03:37:00 - [3] - Quote That's a lot of Hookers, Blow and Lutefisk. But, going public brings with it great responsibility and CCP in my opinion is not ready yet to answer to real shareholders. The accumulated filth of all their sex and murder will foam up about their waists and all the ho's and politicians will look up and shout 'Save us!' and I'll look down, and whisper 'no.'
The Gonif Pator Tech School Minmatar Republic 0	Posted - 2012.02.22 03:38:00 - [4] - Quote Actually the article transposed the name to Dust 451. Which, I suppose, is an inadvertent homage to Ray Bradbury.
Kyoko Sakoda Veto. Veto Corp 67	Posted - 2012.02.22 03:44:00 - [5] - Quote Cue the doom-saying about IPOs creating IPOgate.
THE L0CK Republic Military School Minmatar Republic 6	Posted - 2012.02.22 04:07:00 - [6] - Quote Kyoko Sakoda wrote: Cue the doom-saying about IPOs creating IPOgate. Also cue the naysayers who will claim Eve is dying. Do you smell what the Lock's cooking?
Akirei Scytale Test Alliance Please Ignore 894	Posted - 2012.02.22 04:11:00 - [7] - Quote The Gonif wrote: Actually the article transposed the name to Dust 451. Which, I suppose, is an inadvertent homage to Ray Bradbury. Dust 451 does just sound classier. Also, Bradbury was kinda crazy. Fahrenheit isn't about the evils of censorship - according to Bradbury himself, it is actually about the evils of technology. A vote for Akirei is a vote for Awesome!
Thorn Galen Bene Gesserit ChapterHouse Sanctuary Pact 393	Posted - 2012.02.22 04:31:00 - [8] - Quote CCP going IPO. Interesting but I hope not - not yet anyways. Shareholders have a way of changing the way a company works and maintains/sells its products and services. NEX would be upon us despite any protestations and golden ammo and "I Win" buttons would be for those able and willing to pay real $$$. Yes at that point in time, Eve would "die" CCP + IPO = dangerous liaisons. The universe is an ancient desert, a vast wasteland with only occasional habitable planets as oases. We Fremen, comfortable with deserts, shall now venture into another. - STILGAR, From the Sietch to the Stars.
Nova Fox Novafox Shipyards 3237	Posted - 2012.02.22 04:35:00 - [9] - Quote CCP please maintain majory stock... Companies like EA would destroy this company and game if given the chance. Nova Fox Shipyards Inventory
Jhagiti Tyran Muppet Ninja's Ninja Unicorns with Huge Horns 226	Posted - 2012.02.22 04:54:00 - [10] - Quote Thorn Galen wrote: CCP going IPO. Interesting but I hope not - not yet anyways. Shareholders have a way of changing the way a company works and maintains/sells its products and services. NEX would be upon us despite any protestations and golden ammo and "I Win" buttons would be for those able and willing to pay real $$$. Yes at that point in time, Eve would "die" CCP + IPO = dangerous liaisons. CCP already have enough shareholders that can throw their weight around if they chose to.
Vaal Erit Science and Trade Institute Caldari State 7	Posted - 2012.02.22 05:32:00 - [11] - Quote Nova Fox wrote: CCP please maintain majory stock... Companies like EA would destroy this company and game if given the chance. Lol, I don't think you understand how finances work. If CCP kept all the CCP stock then they would raise no cash. I don't think EA could do any worse than completely ignoring EVE development for at least 18 months, I wish we had EA service for those 18 months. I'd have to dig up the financial statements but I remember reading that the main founders of CCP don't own >50% of CCP stock. My data is years old but the two main private shareholders of EVE are investment companies and control over a bit over 50% of stock. So you guys should not be preparing to freak out, you should already be in full blown panic mode because the devs of CCP don't own all the majority of stock in CCP atm. Also, $66m revenue equates to 366,666 people paying $15/month for an entire year. I think quite a few people pay under $15 and CCP does get income from royalties from the Chinese server so 366,666 is somewhat inaccurate. But somewhere in the 300-400k subs/month range sounds right. CCPs growth is impressive with a massive upside potential if DUST 514 takes off. Worst case scenario is that CCP keeps the same level of subs and still makes a ton of cash. Oh wait disregard the above, EVE is dying.
NaturalBeast Pator Tech School Minmatar Republic 24	Posted - 2012.02.22 06:01:00 - [12] - Quote Interesting possibility. I really hope that doesn't happen. The "real" bean counters will effectively make this game about the bottom line. First sign of in game items in a cash shop and this game is dead to me. I love this game for what it is but I fear this possibility is real. Iceland is in real trouble and every company is in survival mode right now. We need a billionaire gamer to make sure this doesn't happen.
Cyzlaki Interstellar eXodus BricK sQuAD. 243	Posted - 2012.02.22 06:11:00 - [13] - Quote Sounds good to me!
Donald MacRury LankTech Multitaskers. 7	Posted - 2012.02.22 06:26:00 - [14] - Quote Wouldn t it be interesting if they had the IPO and the shares were bought up by the players
DeBingJos T.R.I.A.D 198	Posted - 2012.02.22 07:38:00 - [15] - Quote Herping yourDerp wrote: i'd buy stock in ccp if i could and had moneys. That is why you don't have moneys... Fix FW !
mechtech Ice Liberation Army 135	Posted - 2012.02.22 07:54:00 - [16] - Quote Vaal Erit wrote: I don't think EA could do any worse than completely ignoring EVE development for at least 18 months, I wish we had EA service for those 18 months.. Oh, how wrong you are EA would do more harm in 18 days than the 18 month development freeze caused. I hope Eve doesn't go public in any form. I want Eve and CCP to be stable for decades, and if they're exposed to outside market influences this vision could be disturbed. CCP has proven they've been able to handily avoid outside events even as Iceland was practically collapsing around them during the financial crisis. Well credit tightening probably led to the recent layoffs, but that didn't really affect the core employees or IP (eve),
Gantz Tleilax Tleilax Foundation 44	Posted - 2012.02.22 08:09:00 - [17] - Quote The Gonif wrote: This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says. Can someone explain what this means? Rich subscribers paying others to play?

Chribba Otherworld Enterprises Otherworld Empire 2599	Posted - 2012.02.22 08:09:00 - [18] - Quote I want to know more about the Asian expansion... Also <3 CCP keep up the awesome work! So proud to have been with you since the early days \o/ /c GÿàGÿàGÿà Secure 3rd party service GÿàGÿàGÿà Visit my in-game channel 'Holy Veldspar' Follow me on Twitter @Chribba

Florestan Bronstein United Highsec Front The 99 Percent 415	Posted - 2012.02.22 08:21:00 - [19] - Quote Gantz Tleilax wrote: The Gonif wrote: This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says. Can someone explain what this means? Rich subscribers paying others to play? PLEX 40k accounts is actually surprisingly low.
Endeavour Starfleet 650	Posted - 2012.02.22 08:25:00 - [20] - Quote No way in hell CCP is going with an IPO. They were in trouble with Incarna yet with crucible they have fully restored their name. There would be no real effective way for them to hold control over a board which will want to crush its style to be the next facebook game. Facebook went with an IPO because it has grown so much that it virtually HAS to due to the huge amount of regulation and other factors it now faces. EVE is nowhere near that point. The next step needs to be focusing on getting the fixes and new content requested for years into EVE. Then doing a rehire and starting serious work on World of Darkness. Donald MacRury wrote: Wouldn t it be interesting if they had the IPO and the shares were bought up by the players Lets first state that this is virtually impossible. You would be instantly overpowered by buys from the group efforts that seek to control boards. And who likely arent really gamers themselves but are looking for the next Farmville. So lets explore some nightmare scenarios. It's been shown in the past that some VERY rich people play EVE. And were shoveling money into GTC sales that shifted balance of power so much that for a time it looked like one alliance might have been able to "win" EVE. They would control EVE if the groups didn't do a buy. Even if they could not command a majority of the shares they would command so many that a dump would cause shockwaves. Therefore they could call the shots.
W1rlW1nd The Scope Gallente Federation 41	Posted - 2012.02.22 08:29:00 - [21] - Quote Gantz Tleilax wrote: The Gonif wrote: This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says. Can someone explain what this means? Rich subscribers paying others to play? "Rich" player pays real money for own subscription, and plex. "Rich" player puts Plex on game market. "Other" player buys Plex in game with fake money, and uses the Plex to extend subscription. Thus, "Rich" player has paid real money for someone else to play, in exchange for fake money to throw around in-game.
Tiberius Amzadee The Omega Sovereign Flux Initiative 7	Posted - 2012.02.22 08:37:00 - [22] - Quote "Rich" player pays real money for own subscription, and plex. "Rich" player puts Plex on game market. "Other" player buys Plex in game with fake money, and uses the Plex to extend subscription. Thus, "Rich" player has paid real money for someone else to play, in exchange for fake money to throw around in-game. ...and they say the rich are not generous. Yay PLEX buyers!
Sturmwolke 136	Posted - 2012.02.22 08:37:00 - [23] - Quote An IPO for CCP? It's like eating only doughnut and pizza for the rest of your life. It's delicious and you can't stop yourself from gorging down all those feel good foods. Before long, you become a sloth and saddled with various acute and chronic illnesses that you fix by popping expensive pills. You will either die young or be extremely debilitated with ilness when old, that you might as well as not live. Best example, IKEA has been wildly sucessful without IPO and has been able to maintain their roots. Grow sustainably ... even if it takes 100 years.
Endeavour Starfleet 650	Posted - 2012.02.22 08:39:00 - [24] - Quote I really wish folks would stop calling PLEX free to play. There is very few players with the means to reliably beat US Minimum wage in the time it takes to add one month of game time. You are working for the gametime. It is virtual currency but it is still an exchange.
Ciar Meara Virtus Vindice 529	Posted - 2012.02.22 08:42:00 - [25] - Quote Chribba wrote: I want to know more about the Asian expansion... Also <3 CCP keep up the awesome work! So proud to have been with you since the early days \o/ /c I think they mean the partnership with the korean based, Nexon for local support and play? In other news, I'd buy a few shares of CCP, just to show there are no hard feelings and justify wearing a monocle. - [img]http://go-dl1.eve-files.com/media/corp/janus/ceosig.jpg[/img] [yellow]English only please. Zymurgist[/yellow]
Written Word Dreddit Test Alliance Please Ignore 212	Posted - 2012.02.22 09:06:00 - [26] - Quote You generally start an IPO to raise capital to start a massive project That means the CCP IPO would be the best thing ever for the Twilight Online and the worst for EVE Online. If they actually got one, it would pretty much put CCP back in the mindest of the Incarna expansion, where EVE is the legacy product they are bored of and the Twilight game is the sparkly road to bags of money
Sasha Azala Blood and Decay 48	Posted - 2012.02.22 09:41:00 - [27] - Quote More coffee needed...
Florestan Bronstein United Highsec Front The 99 Percent 415	Posted - 2012.02.22 09:53:00 - [28] - Quote Written Word wrote: You generally start an IPO to raise capital to start a massive project or if your current investors want to cash out :psiduck: Quote: There's about 50k accounts online at it's peak during the week and not all active accounts would be online even then. they're talking about people running their accounts on PLEX not about total subscribers..
Ptraci StoneWall Metals Productions Bloodbound. 335	Posted - 2012.02.22 10:52:00 - [29] - Quote Donald MacRury wrote: Wouldn t it be interesting if they had the IPO and the shares were bought up by the players Yeah, I wonder what the goons would do with their majority position. Still, I hope not. IPO means that EVE would stop existing to make a fun game and start existing to boost quarterly revenue, improve share performance, and fun? What do you mean fun? That's irrelevant.
Valentyn3 42	Posted - 2012.02.22 11:01:00 - [30] - Quote Ptraci wrote: Donald MacRury wrote: Wouldn t it be interesting if they had the IPO and the shares were bought up by the players Yeah, I wonder what the goons would do with their majority position. Still, I hope not. IPO means that EVE would stop existing to make a fun game and start existing to boost quarterly revenue, improve share performance, and fun? What do you mean fun? That's irrelevant. It would be no different than any other game company that is run by bean counters. Games that people enjoy make the most money. Eve wouldn't stop being "fun" altogether, it would just get tweaked to a malformed visage that was designed to appeal to the lowest common denominator. So in other words, we would get glowing shoulder pads and mounts for our ships. I used to be a Blade Runner like you, then I took an android to the knee...

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