Finland · Delayed Price · Currency is EUR Remedy Entertainment Oyj Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong game sales and royalties, positive cash flow, and improved EBITDA, with CONTROL Resonant as the main focus for 2026. Significant investments in marketing and localization target global growth, while full-year revenue and EBITDA are expected to rise.
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.