Remedy Entertainment, a game company, has revealed their financial results for the fourth quarter of 2024. Their total revenue amounted to 11.7 million euros, experiencing a growth of 13.1%. However, they recorded a loss of 1.4 million euros from their operations.
Looking at the overall business outlook for the year 2024, their revenue reached 50.7 million euros, with a significant growth of 49.3%, but unfortunately, they incurred a loss of 4.3 million euros.
A noteworthy update is the successful sales of over 2 million copies of Alan Wake 2. The game has now recouped its development and marketing costs, allowing Remedy to reap full profits from future game sales.
In terms of their game portfolio, Remedy Entertainment’s subsidiaries are progressing as follows:
– FBC: Firebreak, a 3-player cooperative shooter set in the same universe as Control, is currently in full production status. Technical testing began in December 2024, with plans for a release in 2025 under Remedy’s own distribution.
– Control 2 is gearing up for full production after February 2025.
– The remakes of Max Payne 1&2 are progressing as planned under Rockstar Games’ distribution, also in full production.
TLDR:
Remedy Entertainment reported positive revenue growth in Q4 2024 despite operational losses. Alan Wake 2 exceeded sales expectations, covering development costs. Upcoming projects like FBC: Firebreak, Control 2, and Max Payne remakes are moving forward steadily.
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