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Jagex 2021 Financial Report

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Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
SushiCombo said :
Too much mtx in the game, you def get big spenders this way. Big win for the company, not so much of a good thing for players looking for quality updates.

No big spenders there actually. Jagex revealed in the financial report their revenue came from diversified sources from different parts of the world. For instance, there was no individual paying for 10% of revenues from each category.

07-Nov-2022 15:47:11

Jaekob Caed
Apr Member 2011

Jaekob Caed

Posts: 7,194 Rune Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
Jaekob Caed said :
Making more money while they continue to try their best to ruin the game, nice.

I miss the days when I could be happy for Jagex's business success because they still actually gave a crap about their games, rather than how much $$$ they can squeeze out of them.

I see RS3 getting more and more active. Perhaps a few players don't like the updates but real life financial data and in game engagements tell the actual story.

Remember, we are talking about real world financial data from a real world business. If customers aren't happy, how can they be giving Jagex more and more money?

They unnecessarily bumped up the cost of everything. Of course they're gonna make more money, as most people who play RS these days are long-time vets who just can't give up the game (myself included). I just wish more of them would give up on Jagex and just switch to bonds. Jagex still makes money that way but if a lump sum of vets would do that in protest (or just drop mems altogether), maybe Jagex would get the message that they're off their rocker. ~
Jaekob Caed
: Scribe, Scholar and Prince of the Kingdom of Heaven ~
The Jagex I once loved is dead... A THREAD

10-Nov-2022 01:03:02

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Jaekob Caed said :
Dilbert2001 said :
Jaekob Caed said :
Making more money while they continue to try their best to ruin the game, nice.

I miss the days when I could be happy for Jagex's business success because they still actually gave a crap about their games, rather than how much $$$ they can squeeze out of them.

I see RS3 getting more and more active. Perhaps a few players don't like the updates but real life financial data and in game engagements tell the actual story.

Remember, we are talking about real world financial data from a real world business. If customers aren't happy, how can they be giving Jagex more and more money?

They unnecessarily bumped up the cost of everything. Of course they're gonna make more money, as most people who play RS these days are long-time vets who just can't give up the game (myself included). I just wish more of them would give up on Jagex and just switch to bonds. Jagex still makes money that way but if a lump sum of vets would do that in protest (or just drop mems altogether), maybe Jagex would get the message that they're off their rocker.

Their 2021 net profit decreased by 5% even when revenue increased by 4%. This came from a 7% decrease in revenue from OSRS. Cost has increased a lot despite employee salaries dropped significantly. They mentioned in the Risks and Uncertainties section (Page 3, item 6) - hiring and retention of qualified personnel, key person dependency and successful planning.

Of course, unless they cut cost from other areas, mostly advertisements and paying lots of influencers they can't afford to keep and get more quality employees.

Didn't you realize many Jmods like Bonsai, MikeD, Warden and Sween left Jagex, and even in 2022 OSR still wasn't able to show a roadmap?

Wages and Salaries expenses dropped from £32 mil in 2020 to £29 mil in 2021 (page 38).

10-Nov-2022 01:23:55 - Last edited on 10-Nov-2022 01:43:07 by Dilbert2001

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
“We are excited for the future as we expand our offering in the games industry through our team at Pipeworks Studios, and through our third-party publishing arm - Jagex Partners. We expect to see significant continued growth through the expansion of our current portfolio of community-driven games, and the development of as-of-yet unannounced titles that we can’t wait to reveal in the near future.”
- Mod Pips

He made good on his words. To reduce the risk of having only a small portfolio of 2 games, Jagex has just inked up another publishing deal with Snowcastle Games, a Norwegian game developer, to publish their Earthlock franchise games yesterday. Now Jagex is getting close to publish 10 games. This number is likely going to be higher soon.

https://www.gamedeveloper.com/business/jagex-signs-three-game-publishing-deal-with-snowcastle-games

Diversification is clearly what Jagex is doing going forward. Instead of making different game modes in a game and put all kinds of communities there, they are dividing the investments with different baskets through partnering with the like mind.

11-Nov-2022 16:11:02

Jaekob Caed
Apr Member 2011

Jaekob Caed

Posts: 7,194 Rune Posts by user Forum Profile RuneMetrics Profile
Yet, they couldn't avoid this server issue today. I would let it fly, since it's an external datacenter, but I can't get over the fact that this is the same company that went TWENTY YEARS of continuous operation without having major issues like this, but suddenly they've had two in the span of two years.

If Jagex is making record profit and is wanting to open/acquire new studios, then this should NOT be happening. They claimed they made changes after the login lockout to ensure that major data issues wouldn't happen again, yet that's precisely what they're concerned about judging by their updates on the issue (which, they claim, is the reason why the game still isn't up).

I used to have a high tolerance and forgiveness for any technical issues the company had since they did everything in their own way. I've lost that tolerance and forgiveness because these sorts of incidents are the final proof to me that Jagex doesn't care about the playerbase OR the game. They have ambitions to turn the two games into cash cows to fund future expansion so that they can keep raking in the beaucoup bucks and it's purely disgusting. ~
Jaekob Caed
: Scribe, Scholar and Prince of the Kingdom of Heaven ~
The Jagex I once loved is dead... A THREAD

23-Nov-2022 02:02:35

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
For the record, Jagex reported only record revenue in 2021 owing to RS3's stellar 20% growth on top of its 18% growth in 2019. However, they reported 2 consecutive years of decreasing net profits. The far more money they spent on administrative and operation (note: not employee salaries and wages that saw a drop of 8% in 2021 rather) cost than what the 20% extra revenue RS3 brought in for them.

Jagex has shown their ineffectiveness of the big cost they spent rather. Noticeably we see them sponsoring OSRS content creators like AAA developers but got private servers kind of return.

The games outrage yesterday further show the ineffectiveness of their administrative and operation expenses. While it is not unusual for any business to suffer data center power outage for a couple of hours, it is really strange to see a half a billion $$$ worth business took more than half a day to restore their services. Besides, most businesses utilize their own data center as primary operating site and use 3rd party sites only as contingency sites. It is really weird and sad to see a half a billion dollar worth company's daily services getting impaired because a 3rd party data center had a problem to take more than half a day to just restore powers.

23-Nov-2022 16:34:57

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
“We are excited for the future as we expand our offering in the games industry through our team at Pipeworks Studios, and through our third-party publishing arm - Jagex Partners. We expect to see significant continued growth through the expansion of our current portfolio of community-driven games, and the development of as-of-yet unannounced titles that we can’t wait to reveal in the near future.”
- Mod Pips

He made good on his words. To reduce the risk of having only a small portfolio of 2 games, Jagex has just inked up another publishing deal with Snowcastle Games, a Norwegian game developer, to publish their Earthlock franchise games yesterday. Now Jagex is getting close to publish 10 games. This number is likely going to be higher soon.

https://www.gamedeveloper.com/business/jagex-signs-three-game-publishing-deal-with-snowcastle-games

Diversification is clearly what Jagex is doing going forward. Instead of making different game modes in a game and put all kinds of communities there, they are dividing the investments with different baskets through partnering with the like mind.

Jagex followed through with yet another big acquisition in the developer of Scum. The risk of having a small portfolio of 2 games seemingly is being reduced substantially going forward, even if OSRS continues to lag substantially behind the video game market with -7% growth and RS3 doesn't growth at 18 or 20% every year.

16-Dec-2022 03:47:54

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
Dilbert2001 said :
“We are excited for the future as we expand our offering in the games industry through our team at Pipeworks Studios, and through our third-party publishing arm - Jagex Partners. We expect to see significant continued growth through the expansion of our current portfolio of community-driven games, and the development of as-of-yet unannounced titles that we can’t wait to reveal in the near future.”
- Mod Pips

He made good on his words. To reduce the risk of having only a small portfolio of 2 games, Jagex has just inked up another publishing deal with Snowcastle Games, a Norwegian game developer, to publish their Earthlock franchise games yesterday. Now Jagex is getting close to publish 10 games. This number is likely going to be higher soon.

https://www.gamedeveloper.com/business/jagex-signs-three-game-publishing-deal-with-snowcastle-games

Diversification is clearly what Jagex is doing going forward. Instead of making different game modes in a game and put all kinds of communities there, they are dividing the investments with different baskets through partnering with the like mind.

Jagex followed through with yet another big acquisition in the developer of Scum. The risk of having a small portfolio of 2 games seemingly is being reduced substantially going forward, even if OSRS continues to lag substantially behind the video game market with -7% growth and RS3 doesn't growth at 18 or 20% every year.

Jagex loves its 2021 Financial Report so much they bumped this news released on October 2022 all the way to the top in their official News page in 2023 now:

https://www.jagex.com/en-GB/news

08-Jan-2023 16:35:25

Destruction

Destruction

Posts: 63,021 Emerald Posts by user Forum Profile RuneMetrics Profile
I'm actually surprised osrs is falling, they are getting very good updates and number of playerbase isn't decreasing.
The action or process of causing so much damage to something that it no longer exists or cannot be repaired.

09-Jan-2023 11:24:52

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