Remedy Q2 2025 Financial Results: Presentation

Key insights

5 takeaways

01
Remedy Entertainment reported a 63.5% year-over-year revenue increase to €16.9 million for Q2 2025.See it on page 5
02
The Control franchise has surpassed five million lifetime units sold, serving as a primary driver for the company's financial performance alongside the Alan Wake series.See it on page 20
03
The company is executing a strategic pivot toward self-publishing, aiming to double 2024 revenue figures by 2027 while maintaining a 30% EBITDA margin.See it on page 23
04
The launch of FBC: Firebreak faced market resistance due to poor user reviews, prompting a major update scheduled for September to address feedback and stabilize performance.See it on page 12
05
Remedy maintains positive operating cash flow and stable liquidity, with leadership projecting year-over-year growth in both revenue and operating profit for the remainder of the fiscal year.See it on page 37

Summary

Remedy Entertainment achieved significant financial growth during the second quarter of 2025, recording a 63.5% increase in revenue to €16.9 million. This performance was bolstered by the enduring commercial success of established franchises, most notably the Alan Wake series and Control, which recently surpassed five million lifetime units sold. While the company maintains a positive outlook for the remainder of the fiscal year, projecting year-over-year growth in both revenue and operating profit, the period was marked by a complex transition in its business model.

The company is currently executing a strategic pivot toward self-publishing to capture greater long-term value and achieve sustainable growth. A central component of this shift, the launch of FBC: Firebreak, yielded mixed results. Although the title received praise for its core gameplay mechanics, it faced initial market resistance due to poor user reviews that constrained early sales momentum. In response, leadership remains committed to the self-publishing strategy and has scheduled a major update for September to address player feedback and stabilize the title’s performance.

Looking toward 2027, the organization is focused on aggressive scaling, with internal targets set to double 2024 revenue figures while maintaining a 30% EBITDA margin. Current operations demonstrate healthy momentum, characterized by positive operating cash flow and stable liquidity reserves. By balancing the development of its core intellectual properties with the refinement of its self-publishing capabilities, the company aims to secure consistent profitability and long-term operational stability across its global gaming portfolio.