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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
Tenebri said :
Destruction said :
I'm actually surprised osrs is falling, they are getting very good updates and number of playerbase isn't decreasing.

mtx is a huge factor.

Bond is officially MTX too, as Jagex has finally revised their stance in the 2021 Financial Report and declared Bond as one of the 3 mircotransactions alongside TH keys and Runecoins.

OSRS has bond MTX too and its revenue has still been falling by 7% comparing to -1.1% for the game industry and the hefty +20% growth chalked up by RS3 suggested players are far more willing to pay to play RS3 than OSRS.

I am not sure if the OSRS playerbase has not been declining, but even so, playerbase absolutely doesn't mean payerbase. Actually if the cost to keep the same playerbase exceeds the return from it translates to negative net profits, which Jagex is apparently experiencing.

09-Jan-2023 16:39:36

Tenebri
Jan Member 2015

Tenebri

Posts: 39,414 Sapphire Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
Tenebri said :
Destruction said :
I'm actually surprised osrs is falling, they are getting very good updates and number of playerbase isn't decreasing.

mtx is a huge factor.

Bond is officially MTX too, as Jagex has finally revised their stance in the 2021 Financial Report and declared Bond as one of the 3 mircotransactions alongside TH keys and Runecoins.

OSRS has bond MTX too and its revenue has still been falling by 7% comparing to -1.1% for the game industry and the hefty +20% growth chalked up by RS3 suggested players are far more willing to pay to play RS3 than OSRS.

I am not sure if the OSRS playerbase has not been declining, but even so, playerbase absolutely doesn't mean payerbase. Actually if the cost to keep the same playerbase exceeds the return from it translates to negative net profits, which Jagex is apparently experiencing.

i know i didnt say osrs dont have mtx (bonds) i just said mtx is a huge factor. as you pointed out, there is more to mtx than just bonds. and that is whats making the difference

so yes mtx is a huge factor lol....
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09-Jan-2023 16:44:58 - Last edited on 09-Jan-2023 16:45:57 by Tenebri

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Tenebri said :
Dilbert2001 said :
Tenebri said :
Destruction said :
I'm actually surprised osrs is falling, they are getting very good updates and number of playerbase isn't decreasing.

mtx is a huge factor.

Bond is officially MTX too, as Jagex has finally revised their stance in the 2021 Financial Report and declared Bond as one of the 3 mircotransactions alongside TH keys and Runecoins.

OSRS has bond MTX too and its revenue has still been falling by 7% comparing to -1.1% for the game industry and the hefty +20% growth chalked up by RS3 suggested players are far more willing to pay to play RS3 than OSRS.

I am not sure if the OSRS playerbase has not been declining, but even so, playerbase absolutely doesn't mean payerbase. Actually if the cost to keep the same playerbase exceeds the return from it translates to negative net profits, which Jagex is apparently experiencing.

i know i didnt say osrs dont have mtx (bonds) i just said mtx is a huge factor.

Yes, MTX is a huge factor, and it affected OSRS in Jagex's 2021 Financial Report too. A part of the "microtransactions revenue" they declared in the financial report came from OSRS, and not just RS3 solely like in the past.

Hint Hint... Duel/PvP Arena! OSRS revealed 31% of the gp sink came from OSRS Duel Arena. Significant amount of OSRS bonds MTX have been related to Duel/PvP Arena activities probably. ;)

09-Jan-2023 16:47:06 - Last edited on 09-Jan-2023 16:50:26 by Dilbert2001

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
By virtue of declaring Bond reveue as MTX in their 2021 Financial Report, we know Jagex showed us OSRS was also contributing to their stellar MTX revenue growth in 2021, and not just RS3 like in previous years, and yet OSRS total revenue still fell by 7%.

What it means is OSRS's subscription revenue has been taking a licking. Their "playerbase" has simply not been paying as much, regardless anybody think it is not declining.

09-Jan-2023 17:00:24

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Seems like some RSOF users want to revisit the latest official financial report. So up and up it goes.. and let's revisit Jagex's record breaking revenue spearheaded by RS3's industry shattering 20% revenue growth.

11-Jul-2023 03:27:32

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
Jagex has finally posted their full 2021 financial statement to Companies House. We can click the link to the right of
"28 Oct 2022\tFull accounts made up to 31 December 2021"
on this official UK Companies House Jagex filing page to view it:

https://find-and-update.company-information.service.gov.uk/company/03982706/filing-history

The most significant information on top of the record 2021 revenue (pages 3 and 4 of 60):

(1) Net profit of the company as a whole
decreased by 5%
comparing to 2020.

(2)
RS3 revenue increased by 20%,
which is even bigger than the 18% grew they chalked up in 2020. This is a very pleasant surprise to me as I was thinking about 10% due to pull back from the covid-19 boost in 2020...

(3)
OSRS revenue decreased by 7%
, comparing to a 6% grow in 2020. This is a bigger drop than -2% I expected.

The verdict is out. Jagex's overall business advantages have been shrinking the past 3 or 4 years, with net profits regressing in 2 consecutive years. The company's respectable grew in 2020 and 2021 were pretty much most of the works from RS3.

Subscription revenue is plateauing out, as illustrated from the flat 1.1 million members, about the same as 2020, and just 0.1 million more than fiscal 2019, but nonetheless 1.1 million members are still quite lucrative. It is also a slight downward revision from 1.2 million members first reported (Page 1, Post 2).

Subsequently we have seen Jagex engaging in new businesses like partnership with Snowcastle etc.

11-Jul-2023 03:41:13 - Last edited on 11-Jul-2023 03:44:06 by Dilbert2001

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