Gamigo Q3 Financials just hit and it looks like the publisher behind some recent relaunches has had an unchained success of late, but it is not all about Archeage.
While fans of Archeage have been at the forefront of publisher Gamigo’s mind of late, the buy to play re-releasee of this MMO isn’t the entire story for investors in the European company. Players of ex Trion titles still appear to be throwing in their lot and the result is a very healthy quarter for Gamigo. During a video presentation, Gamigo highlighted Rift, Trove, and Defiance among their most important titles. In fact, the group’s top ten Trion titles managed to draw in 50% of the total revenue that Gamigo saw this quarter. That number is up significantly on the same period last year. Financial numbers show a 41 percent jump up to 14.5 million Euros just in the third quarter before Archeage Unchained launched and we got our own teeth back into this hot property. While Rift managed 4% of the quarter’s total revenue, Trove hauled in a mammoth 15 % of the firm’s loot over this period.
A Drop in the Ocean
After Gamigo acquired Trion back in 2018, the scaling back of development and reduction in staffing caused serious concern among players. Let be clear here, while the cutbacks in Rift’s staffing has seen a consequential impact on the game’s prominence, the opposite is the case for Trove, where the conversion rate from free players into paying customers seems to keep revenues soaring.
The numbers aren’t everything, however. Gamigo has expressed a commitment to bringing back players to all of their Trion titles, some of which are a decade old. Veteran Rift players might lament the days of old but the relaunch of Arcehage doesn’t just show that Trion isn’t dead, it can still take pride of place in a different approach to publishing.
To watcht he Q3 presentation look up and head over to the Gamigo website to see the plethora of games on offer.