Remedy is disappointed with the quarterly results, having lost 16 million euros
The developers of Alan Wake and Control reported their performance for the third quarter of 2025, which spanned from June 1 to September 30. The past three months turned out worse than Remedy Entertainment had anticipated.
FBC: Firebreak
- The company reported quarterly revenue of 12.15 million euros, which is 32% lower than the previous year.
- Almost half of the revenue — 6.04 million euros — was generated from sales of Remedy’s games. Compared to last year, this marks a 620% increase. As explained by Remedy, a significant portion of this income came from distributing FBC: Firebreak through subscription services, as well as sales from Control and Alan Wake 2.
- The remaining 6.11 million euros came from development fees for Control 2 and the remake of the Max Payne duology, with a 64% decline.
- Remedy closed the quarter with an operating loss of 16.42 million euros, a stark contrast to last year when the company reported a profit of 2.4 million euros.
- According to Remedy, the losses were due to the unsuccessful release of FBC: Firebreak. They reiterated their earlier decision to write off most of the capitalized development and publishing costs of the game — amounting to 14.9 million euros. Some of the freed resources will now be directed to other projects.
- In addition to Control 2 and the Max Payne duology remake, the company is working on an unannounced game currently in the concept approval stage, which Remedy plans to publish independently.
- As of September 30, Remedy employed 391 people — an increase of 7.7% over the previous year.