Remedy's Financial Triumph: A Year of Growth and New Leadership
Remedy's financial success story continues, with 2025 proving to be a remarkable year. The company's revenue soared to an impressive €59.5 million, marking a 17% increase from the previous year. The fourth quarter, in particular, witnessed a spectacular surge, reaching €17 million, a 46.3% jump, thanks to the soaring royalties and sales of Alan Wake 2 and Control.
The Finnish game developer's latest financial report highlights a strategic shift towards improved profitability. This success is attributed to the soaring sales and royalties from its critically acclaimed titles, Alan Wake 2 and Control. The report also sheds light on the underperformance of FBC: Firebreak, a multiplayer spin-off from Control, which contributed to a €14.9 million operating loss for the year.
Here's a breakdown of the key figures:
Q4 2025:
- Revenue: €17 million (a 46.3% surge)
- Operating Profit: €0.7 million (a significant improvement from the €1.4 million loss in 2024)
FY 2025:
- Revenue: €59.5 million (a 17% growth)
- Operating Loss: €14.9 million (a stark contrast to the €4.3 million loss in 2024)
The Rise of Alan Wake 2 and Control
Remedy's success can be attributed to the soaring sales and royalties from Alan Wake 2 and Control. The October feature on PlayStation Plus for Alan Wake 2 generated platform-deal royalties during the fourth quarter. Additionally, the survival horror game continued to accrue steady royalties through unit sales, while other games in the franchise also saw steady sales.
Control, released in 2019, sold an additional million copies for the full year, with the sequel, Control: Resonant, unveiled at The Game Awards in December 2025, set to launch this year. Early reception to Resonant has been positive, with excellent player and community sentiment, resulting in positive wishlist numbers.
New Leadership and Future Outlook
Markus Mäki, the interim CEO, expressed optimism, stating that Q4 was both positive and profitable, with single-player games performing well and the announcement of Control: Resonant receiving a great reception. Looking ahead, Remedy attributed the revenue increase to development fees for Max Payne 1 & 2 remakes, Control: Resonant, royalties from Alan Wake 2, and sales revenue from FBC: Firebreak, including subscription service agreements.
Despite the success, Remedy faced challenges with FBC: Firebreak, which underperformed and led to a profit warning in June 2025. The company recognized a non-cash impairment of €14.9 million, representing the majority of Firebreak's capitalized development costs and distribution rights. This adjustment impacted the 2025 outlook, resulting in a loss instead of the previously expected operating profit increase.
The appointment of Jean-Charles Gaudechon as the new CEO on March 1, 2026, marks a new chapter for Remedy, as the company navigates the challenges and opportunities ahead.
