Remedy's Q1 2025 Revenue Sees 24.1% Increase

Remedy has released its Q1 2025 financial report, showcasing a significant increase in revenue and a return to positive operating profit. Key highlights include: - Revenue growth of 24.1% to €13.4 million - Operating profit of €1.3 million, a substantial improvement from the €2.1 million loss in the same quarter last year The boost in revenue and profits is attributed to higher development fees and royalties. Notably, development fees for Control 2 and the Max Payne 1 and 2 remakes have increased, accompanied by rising sales and royalties from Alan Wake 2, which has now recouped its development costs. Remedy's projects are progressing well, with the upcoming co-op title FBC: Firebreak slated for release on June 17, 2025, marking the studio's first self-published title. According to Remedy CEO Tero Virtala, FBC: Firebreak is positioned to stand out in its genre and appeal to both existing Control fans and a broader co-op audience. The Control 2 development team is expanding the game's content, while the Max Payne 1 and 2 remakes, in collaboration with Rockstar, are making significant progress. Remedy's full-year outlook remains unchanged, with expectations of increased revenue and sustained positive operating profit. The studio has also outlined its future plans, including doubling its 2024 revenue by 2027 and achieving an EBITDA margin of 30%. Virtala emphasized Remedy's commitment to self-publishing its titles and maintaining a steady release cadence, with FBC: Firebreak leading the way.