Remedy Posts 63.5% Increase in Q2 Sales to €16.9 Million

Remedy has released its financial report for the first half of 2025 and Q2, revealing a substantial surge in revenue driven by increased game sales and royalties. The company's first self-published game, FBC: Firebreak, played a significant role in Q2 sales, particularly through console subscription services. However, Remedy expressed dissatisfaction with the game's post-launch consumer sales, citing underperformance on Steam despite it being the primary PC sales channel. Key highlights for Q2 2025 include a revenue of €16.9 million, marking a 63.5% increase, and an operating loss of €0.5 million, which is an improvement from the €3.2 million operating loss in the same quarter last year. For the first half of 2025, Remedy reported a revenue of €30.3 million, up 43.4%, and an operating profit of €0.8 million, a significant turnaround from the €5.3 million operating loss in the same period last year. Game sales and royalties saw an increase during Q2, while development fees decreased. FBC: Firebreak was the main revenue source, including initial accruals from subscription agreements with Sony and Microsoft. Alan Wake 2 and Control continued to generate royalties and sell steadily, with Control's lifetime sales exceeding five million copies in Q2. The launch of FBC: Firebreak, Remedy's first co-op and self-published title, was a focal point in Q2. Despite surpassing one million players in its first ten days, the game had a rocky launch, especially on Steam, with high early player drop-offs and negative reviews due to its initial onboarding experience and mission structure. However, as updates were released and players spent more time with the game, sentiment in reviews turned more positive. Remedy CEO Tero Virtala noted that despite the challenging launch, the company believes it has a solid foundation to build on with FBC: Firebreak. A major update is planned for late September, supported by targeted marketing efforts, aiming to drive interest in the title. Remedy is committed to continuing work on FBC: Firebreak, engaging with the community, and expanding the game. The company's commercial performance for FBC: Firebreak has been substantially driven by subscription service agreements on Xbox and PlayStation, with a significant portion of revenues from these agreements to be recognized throughout the contract period. Following FBC: Firebreak's release, Remedy has gained valuable experience in self-publishing, which will benefit its upcoming catalogue, including Control 2. The second quarter marked a progressive transition for Remedy towards a self-publishing model, with half of its revenue coming from game sales and royalties, compared to development fees. In the first half of 2025, main revenue sources included development fees for the Max Payne remakes and FBC: Firebreak game sales. Remedy also finalized the acquisition of full rights to its Control franchise from 505 Games during its first quarter. The company reported a 6.6% increase in headcount to 385 employees, with over half representing 37 different nationalities and 46% being Finnish.