Remedy reports a 24.1% rise in revenues for the first quarter of 2025

Remedy Entertainment has disclosed its financial performance for the first quarter of 2025, spanning January to March. The company achieved a positive operating profit and experienced notable revenue growth.

Image credit: Remedy Entertainment

Key Financial Figures:

Revenue: €13.4 million, a 24.1% increase
Operating Profit: €1.3 million, a turnaround from a €2.1 million loss in the same period the previous year

The surge in both revenue and profit is credited to higher development fees and royalty income. Significant contributors to this growth include increased fees from Control 2 and the remakes of Max Payne 1 and 2. Additionally, Alan Wake 2 continues to contribute positively, with ongoing royalty earnings after covering its development expenses in the last quarter of 2024, as reported here.

During Q1 2025, Remedy reported substantial progress across its projects, including its forthcoming cooperative game, FBC: Firebreak, which is slated for release on June 17, 2025. This title marks the studio’s debut effort in self-publishing.

Tero Virtala, CEO of Remedy, stated, "We have strategically positioned FBC: Firebreak to stand out in the genre, appealing to both existing fans of Control and a broader co-op audience."

Regarding other ongoing projects, the team behind Control 2 is broadening the game’s content, while the Max Payne remakes, in conjunction with Rockstar, continue to advance well in production.

Looking forward, Remedy anticipates a rise in annual revenue with sustained positive operating profits. The studio has set ambitious goals, aiming to double its 2024 revenue by 2027 and maintain an EBITDA margin of 30% throughout its strategic plan.

"2025 heralded the start of a pivotal strategic phase for Remedy," Virtala commented. "Our focus is firmly on self-publishing all titles we own. FBC: Firebreak will initiate a series of regular game launches, underscoring our commitment to consistent release schedules."

Virtala added, "I’m pleased to announce our return to profitability in the first quarter of 2025, aligning with our expected annual performance and buttressing our long-term financial aims, thereby affirming the robustness of our strategic approach."