Finland · Delayed Price · Currency is EUR Remedy Entertainment Oyj Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 17% year-over-year to EUR 59.5 million in 2025, driven by strong game sales and royalties, despite a significant impairment related to FBC: Firebreak. Control Resonant was announced for 2026, with positive early reception and a focus on self-publishing.
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Q3 2025 revenue fell 32% year-over-year to EUR 12.2 million, mainly due to lower development fees, while a EUR 14.9 million impairment for Firebreak led to a significant operating loss. Game sales and royalties grew, cash reserves increased, and the outlook anticipates higher revenue but continued negative operating profit.
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Q2 2025 revenue surged 63.5% year-over-year to EUR 16.9 million, led by FBC: Firebreak's launch and strong Control sales. Despite a disappointing consumer launch for Firebreak, rapid updates and a major September patch aim to reignite momentum. 2025 outlook remains for higher revenue and positive operating profit.
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Revenue grew 24% year-over-year to EUR 13.4 million, with a return to profitability and positive outlook for 2025. FBC: Firebreak launches June 17 as the first self-published title, and Control rights acquisition enables direct sales growth.
Fiscal Year 2024
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Revenue grew 49% in 2024, driven by development fees and strong game sales, with EBITDA turning positive and operating profit improving. Strategic partnerships and a major loan support a transition to self-publishing, with positive outlook for 2025 and beyond.
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A new growth phase begins in 2025, with annual game launches, a focus on expanding Alan Wake and Control, and a shift to self-publishing for higher profitability. Financial targets include doubling 2024 revenue and achieving a 30% EBITDA margin by 2027, supported by a robust pipeline and strategic partnerships.
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Q3 2024 revenue more than doubled year-over-year, driven by a one-time payment, with operating profit turning positive. Strategic partnerships and financing deals support a shift to self-publishing, while Alan Wake 2 and FBC: Firebreak headline a strong game pipeline.
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Revenue grew 16% in Q2 2024 with a reduced operating loss, and positive cash flow was maintained. Alan Wake 2's expansion launched to strong reviews, and the company is advancing multiple projects while evaluating publishing and financing options.