RUNESCAPE OWNER HAILS RECORD PROFITS

The Cambridge-headquartered developer and owner of the iconic RuneScape online gaming franchise has hailed its most successful year on record as annual revenues and profits soared by millions of pounds.

 

Jagex Games Studio, based on the Cambridge Science Park, is the UK's largest independent developer and publisher of online games. RuneScape, celebrating its 15th anniversary this year, is one of the world's most popular MMORPGs (massively multiplayer online role-playing games) and has attracted more than 250 million players since its launch.

 

In newly filed financial accounts for 2015, Jagex said RuneScape has continued to enjoy "deep and consistent engagement from a massive and growing community".

 

The business reported turnover of £57.9m for the year to 31 December 2015, a significant increase from £44.9m a year earlier. This included subscription revenues of 37.6m, up from £29.5m, microtransaction revenues of £19.7m and advertising revenue of £493,675.

 

Jagex also also posted a record profit before tax of £20.4m for the year, compared with £766,000 in 2014.

 

In July, Shanghai Zhongji Enterprise Group acquired Jagex via its established entity, Hongtou. Since then, the Chinese organisation has worked to create a new division in which to house its future digital acquisitions including Jagex. This was completed at the end of September when the division, Zhongji Holding, listed on the Chinese Stock Market.

 

Zhongji has purchased a majority stake in Hongtou, and will complete the remaining 49 per cent of Hongtou within the next year.

 

Rod Cousens will continue as chairman, chief executive and member of the board of directors of Jagex.

 

In Jagex's annual report filed at Companies House, Cousens described 2015 as an "outstanding year" and said the business is positioned for long-term growth and margin expansion across its product portfolio.

 

Jagex employs more than 320 staff at its headquarters in Cambridge. The company also planning to open a new office in London.

Related News

24
Mar

Treasure Hunter Flight of the Butterflies

To get involved, simply open Treasure Hunter to bring up Flight of the Butterflies. When you first log in you’ll be given a quick tutorial to explain the basics and how you can get involved.

24
Sep

I will give you my runescape idea on raiding towns and getting bonuses from it

If you log out within these safe areas, you are moved outside, as each world will be controlled by different clans and will change as the king/boss dies again, so don't be inside when another clan gains access to it.

16
Sep

DarkScape updates to lead it into a God Wars II theme?

as OldSchool RuneScape has been confirmed to be non-canon, DarkScape would probably be non-canon as well, which in practice would mean that content here can be developed without having to worry that much about lore and logic

12
Sep

Blighted lands for Old Armour

One way to deal with this would be to give players some way to upgrade Dragon armour to Tier 70 while retaining its decorated status. This, however, could affect game balance, or be too complicated.

16
Mar

My concern is with minigame removal in a general sense

They mentioned how they're definitely removing Rat Pits, and they're really considering removing Mobilizing Armies, which I eventually would get over, but my concern is with minigame removal in a general sense.

04
Aug

Runescape Smithing Update Feedback

Interesting idea to deal with higher level metals needing large sums to make a single bar. While I don't think it was covered in the stream if it will be a one use then gone.

Leave A Reply

Rsgoldhub Top News

18
Dec

MU Legend Rift Guides for newbies

Rifts exist in numerous places across MU Legend and are very unstable.Once you enter one via a portal, you'll be teleported to an unknown place.Each time you enter the Rift, the map will be determined at random.In other words, even if you enter the exact same Rift portal greater than as soon as, it is possible to play on a various map every time.

15
Dec

MU Legend:News Legend,Has Been Opend

MU Legend's Open Beta Now Reside with New Trailer. The long-awaited addition to the MU franchise launches its worldwide OBT Yesterday.