DUST Search - Financial info

A'Real Fury wrote:

Profit looks healthy but considering revenues are increasing year on year it is interesting that the profit for the period is decreasing in the last financial year. Also R&D costs have gone up significantly.

My best guess based on these accounts is that Dust is currently a major financial drain on CCP and is not generating it's own profit at this point.

Not unusual for a new product but it means that Dust 514 needs to start generating a profit quite soon and not remain a financial drain for years to come. If things continue as is it would not take much to wipe out an even bigger portion of that profit especially if they maintain the same spending as they are currently doing.

This is based on an assumption that may be incorrect. That assumption is: R&D costs on Eve are fairly static as CCP knows what it is doing there and has a very experienced team and most of the additional costs are going on Dust where they have a much less experienced team and a much smaller player base spending less money on the game.


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Maken Tosch DUST University Ivy League 2818	Posted - 2013.06.23 19:26:00 - [1] - Quote http://www.ccpgames.com/media/47002/ccp%202012%20consolidated%20financial%20statements.pdf Not sure if you can find anything useful here.
Maken Tosch DUST University Ivy League 2827	Posted - 2013.06.23 20:25:00 - [2] - Quote Kevall Longstride wrote: Actually the wages of any company's staff is always their biggest cost. It's why they're the first to go if a company wants to save money. Sad but true. That actually looks like a healthy financial report. Good work CCP. It explains a lot as to how they figure out how to cover the cost of the UVTs for us.
Maken Tosch DUST University Ivy League 2827	Posted - 2013.06.23 20:26:00 - [3] - Quote PonyClause Rex wrote: http://www.ccpgames.com/media/47002/ccp%202012%20consolidated%20financial%20statements.pdf Someone tell me what is wrote on the bottom left hand side of page 8 lol made me chuckle CCP Financial Report 2012 wrote: *Each share is 1 ISK
Maken Tosch DUST University Ivy League 2827	Posted - 2013.06.23 20:28:00 - [4] - Quote From Costa Rica wrote: twice... there is no specific value of how much of the income actually comes from DUST, its all summed up with EVE and WOD (which since is not release i assume has not made any kind of income or what so ever), also between the 3 they make a kitten ton of money... of which at least 80% is EVE But thanks for the help.. dough i can-¦t really say if dust is profitable from that financial report.. I can say this much... holly crap your employees are expensive!! over 30M in salaries for little over 500 people!!! That is a lot of money! No problem. I guess we'll just have to wait for next year's report or hope CCP posts graphs about it. But yeah, it's expensive to have employees.
Maken Tosch DUST University Ivy League 2827	Posted - 2013.06.23 20:29:00 - [5] - Quote I have over 800 million ISK in Eve. Does that mean I own the company and won Eve?
Maken Tosch DUST University Ivy League 2827	Posted - 2013.06.23 20:32:00 - [6] - Quote A'Real Fury wrote: Profit looks healthy but considering revenues are increasing year on year it is interesting that the profit for the period is decreasing in the last financial year. Also R&D costs have gone up significantly. My best guess based on these accounts is that Dust is currently a major financial drain on CCP and is not generating it's own profit at this point. Not unusual for a new product but it means that Dust 514 needs to start generating a profit quite soon and not remain a financial drain for years to come. If things continue as is it would not take much to wipe out an even bigger portion of that profit especially if they maintain the same spending as they are currently doing. This is based on an assumption that may be incorrect. That assumption is: R&D costs on Eve are fairly static as CCP knows what it is doing there and has a very experienced team and most of the additional costs are going on Dust where they have a much less experienced team and a much smaller player base spending less money on the game. One way to increase revenue from Dust is to allow players to trade directly with each other in addition to the merc-to-merc ISK transfers. This will generate a base model for a secondary market that CCP can rely on as AUR items become bought more often with cash to meet demand and as more players use them up to match up the supply.
Maken Tosch DUST University Ivy League 2829	Posted - 2013.06.23 21:02:00 - [7] - Quote Guildo Crow wrote: Off topic. But seriously, 30 million in salaries for 500 people is expensive? what are you nuts!? That's pretty average, below average I'd say. honest. That's about $60,000. Keep in mind that this is in USD, not in Icelandic Kronos (ISK). Since 1 USD = 122 ISK, that amounts to 7,320,000 ISK. Keep in mind that the economy over there in Iceland is still recovering from the economy recession of 2008. You know what's funny about Iceland's economy? off topic Iceland arrested their bankers and threw them into jail and let their own economy tank while the US bailed out its own bankers. Guess which country recovered faster. Hint: It's not the US.
Maken Tosch DUST University Ivy League 2870	Posted - 2013.06.25 15:53:00 - [8] - Quote @A'Real Fury I agree with your concerns. But I do remember specifically a quote from CCP several years back telling folks at Fanfest 2011-2012 that Dust is meant to be a means of encouraging more players to join Eve Online. As of right now, there are players in Dust who are already subscribing into Eve for the first time in their lives because of the stories they hear that come out of Eve and they want to be a part of it. They are starting to realize a universe here with infinite possibilities and almost no rules on how you are suppose to play. As for the research into mobile apps for tablets and smartphones, CCP is already researching into that as made apparent by their previous fanfest back in 2011 and the recent interview with the CEO of CCP. Then there is the recent news of the comic book that Dark Horse Comics is working on in collaboration with CCP that will be based on the true stories of New Eden (not the game lore). And finally, they are in touch with a famous Icelandic producer who is planning on creating a TV series that is also based on the true stories of New Eden. Notice that everything here points back to Eve Online and the stories the players have created there during the past and what they are doing now. The in-game lore created by CCP isn't what attracts new players. It's the events and shenanigans created and hosted by the players. The infamous Eve Bank scandal, the fateful summer of rage known as the Jita Riots, the massive assault on Jita 4-4 forever known as Burn Jita, the collapse of the Band of Brothers alliance, the unplanned massive shootout in the Asakai system that resulted in a system-wide TiDi lock down, the little-known area of space known as the Pleasure Hub, the constants ganking of freighters in the Niarja system, margin trade scams, etc. CCP is taking advantage of these stories and spreading them across multiple platforms in an effort to create a massive science fiction experience that no other MMO or FPS have ever dared to create. CCP is banking on this effort because here is where they see the greatest return in their investment. Imagine one day in the future you switch on CNN or MSNBC or Fox News and watch a report about a massive ponzi-scheme operation uncovered just a few jumps away from Amarr. Eve is Real.
Maken Tosch DUST University Ivy League 2870	Posted - 2013.06.25 15:58:00 - [9] - Quote NOTE: Eve Online has already seen at least one prominent series that dove into the in-game lore of New Eden. Clear Skies 1, 2, and 3 (find it on YouTube) This mini series was developed by an independent production group who play Eve Online and used a combination of in-game graphics mixed in with the all-famous Garry's Mod from the Half Life video game. It's still a hit to this day.
Maken Tosch DUST University Ivy League 2912	Posted - 2013.06.27 01:51:00 - [10] - Quote @A'Real Fury We'll just have to wait until next year for the next financial report to see how it goes. Keep in mind that these reports are provided by third party auditors so that investors can trust that the company is doing well.