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CCP used to reguarly release subscription numbers for EVE online
In February 2013, EVE Online reached over 500,000 subscribers
This was the last time CCP would reveal subscription numbers
In March 2011, CCP announced EVE online has over 360,000 subscriptions, at the same time, they recorded 63,170 players logged in to the game at one time. They would often hit the 55-60k mark at primetime on weekends.
These days, EVE online will see a max of about 40k players during primetime at weekends. During weekday, it's much less, 30,000 or so.
There's not a single word from CCP these days about sub numbers, or attempts to break the old concurrent user record of 61,170 players. They are not even trying to break it. Why would they do that? Because they will look bad when they fall hugely short of the previous record. They know they've lost a lot of players and don't want to look bad.
If in march 2011 they had 360k subs and made the record at that time with 63k concurrent users, and now they only get 40k users at prime time, how many subs would you estimate they have right now? I would guess around 250 to 300k, the 250k being the most likely and the 300k being very generous. That's about 200k less subs than February 2013, a drop from 500k to 300k or less.
These past few months the average user count has dropped faster than usual, an article on themitani website explains this in detail.
Griefing of players in hi-sec is rampant and nullsec is all controlled by a single group, many of whom seem bored with not having anyone to fight so many of them have formed organised groups who terrorize and grief players in hi-sec, adding to the problem.
During this past year, dust was a flop and they pulled the plug on World of Darkness, laying off many employees. http://www.rockpapershotgun.com/2014/06/06/eve-online-layoffs/ Many developers also left EVE online to work on other games and there was even a story in the press from an ex CCP developer that shed some light on what has been going on http://www.theguardian.com/technology/2014/jun/05/world-of-darkness-the-inside-story-mmo-ccp-white-wolf
TDLR EVE is dying, for real this time. It was a good run.