Remedy Entertainment Doubled Its Profits in 2020 without Releasing a Single Game That Year

[Tsing]

Image: Remedy Entertainment



Control and Alan Wake developer Remedy Entertainment managed to double its profits in 2020 without releasing a single game that year. The curious achievement was spotted by a Gamesindustry.biz editor, who looked over the Finnish studio’s most recent financial results and noted that its operating profit for the 12 months ended December 31, 2020 was $13.2 million. That’s more than double the amount that Remedy made in 2019, which was only $6.5 million.



“[…] the company grew on the continued success of the critically acclaimed Control, which received new expansions and launched on new platforms and marketplaces,” Gamesindustry.biz explained. “The game arrived on Steam and Xbox Game Pass, cloud versions launched on Nintendo Switch and Amazon’s Luna...

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[Armenius]

Imagine how much more money they would have made in 2019 had they released on Steam simultaneously with Epic.