Sales for Remedy surged 63.5% in the second quarter, reaching €16.9 million
Remedy has disclosed its financial outcomes for the initial half of 2025, highlighting substantial revenue growth driven by increases in game sales and royalties. The second quarter saw notable boosts, largely attributed to the debut of their first self-published game, FBC: Firebreak, in June, which experienced significant traction on console subscription platforms.
Despite robust engagement through subscription services, Remedy expressed discontent with consumer sales post-launch, acknowledging that FBC: Firebreak did not meet expectations on Steam, identified as the primary distribution method for PC sales.
Financial Overview
In the second quarter of 2025, Remedy's reported revenue increased by 63.5% to €16.9 million, although it still faced an operating loss of €0.5 million, an improvement from the €3.2 million loss the previous year. Meanwhile, the first half of the year saw revenue rise by 43.4% to €30.3 million, culminating in an operating profit of €0.8 million, a turnaround from a €5.3 million operating loss in the same timeframe last year.
Key Developments
The second quarter highlighted a surge in game sales and royalties, alongside a decline in development fees. The predominant revenue stream during this period originated from FBC: Firebreak, supplemented by initial earnings from subscription agreements with tech giants Sony and Microsoft.
Furthermore, established titles like Alan Wake 2 and Control continued to generate consistent royalties and sales, with Control's lifetime sales exceeding five million units in the quarter.
Though FBC: Firebreak initially surpassed one million users within its first ten days, CEO Tero Virtala acknowledged a challenging launch, exacerbated by high drop-off rates and negative feedback on Steam due to initial game setup and mission structure issues. However, as updates were implemented and user familiarity grew, sentiments improved.
Remedy anticipates further engagement from FBC: Firebreak with a significant update scheduled for late September, alongside planned marketing efforts to bolster interest and expand the game. This experience has offered valuable insights into self-publishing, benefiting future projects like Control 2.
During the first half of 2025, Remedy's revenue was primarily driven by development fees tied to Max Payne remakes and sales of FBC: Firebreak. Additionally, the company finalized its acquisition of full rights to the Control series from 505 Games for €17 million, as confirmed earlier in the year.
The company also noted an increase in its workforce to 385, with international representation from 37 countries and a Finnish majority of 46%.