Q2 2025 Remedy Entertainment Oyj Earnings Call Transcript
Key Points
- Revenue increased by 63.5% year-over-year, reaching EUR16.9 million.
- FBC: Firebreak reached over 1 million players in its first 10 days, indicating strong initial interest.
- The company successfully transitioned to self-publishing, with FBC: Firebreak being the first self-published game.
- Control sold well in the second quarter, exceeding 5 million lifetime copies sold.
- Alan Wake 2 continues to sell steadily, contributing to royalty income.
- Despite strong initial player numbers, consumer sales for FBC: Firebreak were disappointing.
- The early game experience of FBC: Firebreak was slow and confusing, leading to negative reviews and loss of sales momentum.
- FBC: Firebreak's launch day reviews were exceptionally poor, impacting sales on platforms like Steam.
- The game faced criticism for a lack of content and restrictive mission structure.
- The company reported an operating loss of EUR0.5 million for the second quarter.
Ladies and gentlemen, dear Remedy investors, welcome to the webcast for Remedy's second quarter and the first half of 2025. My name is Aapo Kilpinen from Remedy's Investor Relations.
Joining me today are Remedy's CEO, Tero Virtala; and Remedy's CFO, Santtu Kallionpaa. Tero will be going over the business review for the quarter, and then Santtu will dive deeper into the financials. We'll end with the outlook for the year, and then we will move towards the Q&A session.
But without further ado, Tero, please, the stage is yours.
Thank you, Aapo.
So welcome, everyone, also on my behalf. Let's first have a look at our second-quarter highlights. Our revenue was EUR16.9 million, which increased by 63.5% from a year ago. Also related to the comparison period, both EBITDA and EBIT improved. EBITDA was EUR4.2 million positive.
But overall, the second quarter was loss-making, EBIT being EUR0.5 million
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