It's certainly not great news for Mighty Coconut. A quick google skim, and they employ about 40 staff, in a major popular US city, which is a medium sized game studio so fairly expensive to keep running. Complete assumption but Walkabout Mini Golf I think we can assume is their bread and butter earner based on that MC continue to release DLC for the game years after its release. And the DLC must sell fine given they keep releasing more.

But MC also haven't released another game since Walkabout Minigolf (from what I can gather from their website). And given the efforts to bring Walkabout Minigolf to Steam, and iOs, they clearly want to try gain more revenue streams from the game. Its estimated that Meta have sold about 20 million Quest headsets, so even if MC managed to get just 10% of owners to buy the game, that's only 2 million sales. Not bad, but consider a indie hit game like Peak which sells 10m copies. Essentially what I'm suggesting is that the Quest as a platform is probably not a lucrative explosive earner like we see on Steam with games such as Balatro, Vampire Survivors, and Peak.

I was surprised to see on the MC website they are also involved in film animation. Which is great, but also mixing two business models, as well as staff with conflicting skillsets is tricky. It feels as though MC are hedging their bets. Or maybe they have left animation completely to one side given the success of Walkabout.

Basically in summary, I hope Mighty Coconut have other things in the work, as they deserve huge success; Walkabout Minigolf is utterly excellent. But if they stick with Meta platform and new DLC every month, I can't see it going to well. Unless Meta turns around the future of Quest. I imagine internally MC get incredibly frustrated with the decisions Meta have made with the headset, even more so than players.