SULAKE makes $38 MILLION dollar PROFIT!.....

[Clowgon]

She, and yeah I bet.

Oh just the name lol.

Hmm that much profit and they want to remove a small VIP from fansites? Pathetic.

Yeah i agree $38 Million a year and your moaning over a fansite who probs pick up less then £10,000 for a year.

Everyone should have a strike don't buy any credits or anything.
Make them listen to us. They say they listen to our ideas but they don't
they probably have an old email address which is full of thousands of unread messages.

[Mario]

About '99/'00h. They created the game in 2001, integrated it with their mobile disco thing... or was that Daisy's idea again? :S

Mobiles disco was Sampo and aapos AFAIK, and yeah they did integrate it to make the habbo we know today.

[Inseriousity.]

The amount of net profit the business makes has nothing to do with the VIP situation. -.-

What was their reasoning behind it though? I assumed/read somewhere it had something to do with money they were losing out on because people spent it on VIP..

[Art]

I bet he's looking back and saying "if i only kept it for a few more years" ......

Honestly.... if it werent backed by a professional company I dont think it would have gotten very far. Sulake put HEAPS of money into Habbo to make it what it is today :x

[Captain]

Im suprised they've made that much really, considering habbo is sort of dying out. Not many people buy credits like they used to.

[Jordy]

I said all along that Fansites weren't robbing Sulake of money, it's because fansites are making money out of Sulake (Directly or Indirectly) and because Sulake can't trust every fansite with the money, how do Sulake know that our payment systems are safe? Some sites could use subscription services like Jamster did and cost them £2 every text or we could run off with Credit Card details, and they don't want to be involved in that at all even if they aren't officially affiliated with us. It's most probably a decision by their lawyer's so they cannot be blamed for anything.

Traditionally in times of recession it is normal that people spend more money on entertainment, for example the video gaming industry has been on the increase a lot unlike things like the car industry which are dying. Habbo just about falls under Entertainment but there's little evidence to suggest that teenagers pocket money is going down because of the credit crunch, therefore people will still spend the usual and because Habbo is always expanding, they then make more profit.

Anyone who knows anything about running a business would not see this as a reason to make credits cheaper, just because a firm is making a good profit does not mean it can ease off and pass the fortunes onto the customers, it makes economic sense to keep everything where it is atm as it is clearly doing well, if anything they could gamble rising the prices.

Hardly any of you seem to view Habbo/Sulake as a business, I just can't believe you expect them to lower prices because they're doing well? :S

Edit: Has anyone else realised that Habbo hasn't passed the 2.5% tax cuts onto us? They haven't lowered their prices at all so they're actually making more profit out these tax cuts.

[Laurensh1]

Oh Jordy, you seem to forget that there are people here who always blame Habbo and do not look at them as a business. It's nice that you teach, but lots don't learn :p

[8Freak8]

Somebody might have pointed this out but their profit was actually only €400,000 for the first 6 months of 2008. That's ok for a company the size of Sulake but I wouldn't say it's great.

Actually, if out of €25,600,000 they only had €400,000 profit...
that's what, 2%?

They'd be better off putting their money in a high interest savings account than putting it into Sulake. That's a bad thing.

[Kardan]

Somebody might have pointed this out but their profit was actually only €400,000 for the first 6 months of 2008. That's ok for a company the size of Sulake but I wouldn't say it's great.

Actually, if out of €25,600,000 they only had €400,000 profit...
that's what, 2%?

They'd be better off putting their money in a high interest savings account than putting it into Sulake. That's a bad thing.

It's 8F8!

And yeah, it's only 400,000 Euros profit... Not good at all for a company like Sulake really. I remember seeing a value of $77m for 2006 - whether that wa revenue or profit I don't know - but it's a lot less now than it was back then.

[brodeo]

Somebody might have pointed this out but their profit was actually only €400,000 for the first 6 months of 2008. That's ok for a company the size of Sulake but I wouldn't say it's great.

Actually, if out of €25,600,000 they only had €400,000 profit...
that's what, 2%?

They'd be better off putting their money in a high interest savings account than putting it into Sulake. That's a bad thing.

I was looking through this thread waiting to see if someone would say that in hope that I could feel clever by saying, but alas you got there first. I completely agree, €400,000 is not a lot of net profit considering their gross profit. Not a lot at all.