Major Lee Hung
Some time ago I released an article estimating the profits of eRepublik, which I predicted to be at least £340,000 per year; possibly even up to £1,000,000 when not calculating everything at minimal amounts. I decided to follow this up in February by posting the actual information, but this was unfortunately deleted by an admin for 'flaming'. Now that my famous points have began to disappear, I'm going to make a second attempt!
eRepublik Labs. Limited - Incorporated on 12th September 2008 in Dublin, Ireland. Six directors and 33 shareholders. Noted as a 'publisher of software'.
Financial Data as at 31 December 2011
2012's data is currently unavailable
Year 2011 - 2012:
Net Assets: €6,725,117 (+22.25% on previous year)
Cash: €1,488,751 (+201.31%)
Current Liabilities: €193,700 (-5.28%)
Only listing top shareholders
27.80% - Gergat Trading Limited
16.36% - Alexis Bonte
16.36% - George Lemnaru
10.17% - FCPI Capital Croissance
Based on the huge increase of money from 2011 to 2012, we can anticipate that profits are at around €1.3mil to €1.6mil now. This puts eRepublik in a strong position for its future expansion plans in to the mobile/table market.
The financial information from previous years tells a very different story - a story of why, if they stuck with V1, eRepublik would no longer be around. V1 seems to have been a very difficult time for eRepublik Labs. Profit for 2009 was at -€601,691, a very different story to what you're seeing today. The further investments before V2 were likely a financial bailout so to speak for the company, after suffering heavy losses.
Currently however, eRepublik recovers all losses since its founding in one year, making it one of the more profitable browser-game startups in the world.
eRepublik Labs last year acquired a known smartphone app developer, which indicates that the future plans are to dip in to the big smartphone/tablet market. We can probably expect that something is currently being developed, and in the last six months the eRepublik directors have been giving many interviews hinting at such a move.
In the meantime, eRepublik continues to be their flagship product, and based on the recent acquisitions, could even be turned in to a more app-based product.
Bonte talked in November about the acquisition of Alien Flow, a Spanish games developer. He believes tablets are the future of strategy games, and that the lack of innovation in products such as Facebook games give way to eRepublik's future drive in to the app market.
Based on the facts available, only the following things can be guessed about the next eRepublik Labs game:
-It will be a tablet/smartphone strategy game.
-It won't be a 'casual game', as they realise this market is now over-saturated.
-They believe Europe is moving towards indie games, and away from the big studio games, this indicates that the next game will be very different to what's currently out there.
-There's hints that it won't be an online game.
-The drive is moving away from community, and towards accessibility.
Thanks for reading! Hopefully the article isn't deleted again; all information is publicly accessible anyway.
What is this?You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.