CCP touts EVE growth, considers IPO

Filed under: Sci-fi, EVE Online, Business models, MMO industry, News items, Sandbox

Despite the commonly held belief that 2011 was a disastrous year for CCP and EVE Online, the firm recently told TechCrunch that its sci-fi sandbox game brought in $66 million in revenue last year.

The website reports that EVE's revenue features a compound annual growth rate of 53 percent, and the title has also generated $300 million in total revenue since its 2003 launch. Interestingly, the article avoids all mention of 2011's Monoclegate brouhaha and the resulting player protests that led CCP to refocus its development plans. It also paints a rosy picture of New Eden's future, and CCP head honcho Hilmar Petursson says an IPO is a possibility.

"We want to be ready for an IPO from a policy standpoint," he explains. "We're quite a substantial company, so we're thinking, OK, what is the next step?"

CCP touts EVE growth, considers IPO originally appeared on Massively on Wed, 22 Feb 2012 10:00:00 EST. Please see our terms for use of feeds.

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• Source: TechCrunch