Remedy's annual report for January–December 2024 is now available, laying
bare the finances of the Finnish developer. If the presentation is too snoozy,
Game Developer shares the important details, noting that
Alan Wake 2
is now officially profitable,
Control 2 is now in full production, full
production of
Max Payne 1 & 2 is on track, and Control spinoff
FBC: Firebreak is also in full production. There's also a look ahead and a
bit more on the previously mentioned Remedy Connected Universe:
"We have
two established own franchises, Control and Alan Wake, which are linked through
the Remedy Connected Universe. Remedy will self-publish upcoming games, in which
Remedy owns the IP. Growing and expanding the two franchises will be a key part
of our future. In addition, we work with a partner franchise Max Payne that was
originally created by Remedy," said the company, discussing its long-term
prospects.
"By 2030, we aim to be a highly regarded creative studio with sustainable,
significant commercial success. We have set ourselves the following financial
targets: 1) Double the 2024 revenue by 2027 with continued growth beyond this
milestone and 2) EBITDA margin of 30 percent by 2027 and maintain that minimum
level throughout the strategy period."