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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 6 sources · 1 days · First seen · Last updated

Remedy Entertainment financial and project updates

Overview

Remedy Entertainment has experienced recent financial volatility characterized by a 40 percent decrease in second-quarter revenue to 10.2 million euros and an operating loss of 3.9 million euros. These figures were attributed to increased marketing investments for the upcoming title, ‘Control Resonant’.

Despite the revenue decline, the company’s shares rose 9.3 percent on the Helsinki Stock Exchange. This market optimism is linked to the announcement of the ‘Control Resonant’ release date, set for September 24, and the game’s strong pre-order performance. The title has reached 1.5 million wishlists and ranks among the top three most pre-ordered games on PlayStation in the United States, Germany, and Brazil.

Additionally, the studio reported that ‘Alan Wake 2’ has reached a milestone of three million copies sold, providing ongoing profit. CEO Jean-Charles Gaudechon remains optimistic about the studio’s trajectory, aiming to double 2024 revenue by 2027.

Entities

Remedy Entertainment · PlayStation · S-Game · Sony · Donnie Yen

Timeline

  1. 13 days ago

    [TECHNOLOGY] 2 sources
    Video game developers S-Game and Remedy announce major project updates

    S-Game prepares for the release of Phantom Blade Zero featuring Donnie Yen, while Remedy Entertainment celebrates Alan Wake 2 sales milestones and prepares for the launch of Control Resonant.

  2. 13 days ago

    [BUSINESS] 4 sources
    Remedy Entertainment shares surge following Q2 results

    Remedy Entertainment shares jumped 9.3% in Helsinki as the gaming company reported Q2 results influenced by marketing costs for its upcoming title, ‘Control Resonant’, scheduled for release on September 24.

Sources

arvopaperi.fi · camptear.com · gamesite.sk · hu.ign.com · pcguru.hu · salkunrakentaja.fi