According to Remedy’s most recent financial report for the year ending December 31, 2020, their yearly revenue increased by 30% at €41.1 million, whilst their operating profit was €13.2 million. Remedy’s operating profit doubled in 2020 compared to the 2019 figures of €6.5 million.
The Finnish Developer exceeded their 2019 annual profit in 2020, achieving this without releasing a new game. Remedy obtained their success due to the continued sales of Control. Remedy released the game onto multiple platforms in 2020, including Xbox Game Pass, Steam and cloud services. An Ultimate Edition was also released and published by 505 Games which included a next-gen upgrade for console players.
🔻 Control Ultimate Edition is available NOW!
🕹️ PlayStation 5 and Xbox Series X|S
🌟 30 FPS with ray tracing (Graphics mode) or 60 FPS (Performance mode)🏢 Welcome to the Oldest House, Director. @ControlRemedy pic.twitter.com/2GVTmP3PXb
— Remedy Entertainment (@remedygames) February 2, 2021
While Remedy did not release any new games in 2020, they released expansion packs for Control, such as AWE. Following Remedy’s record breaking year, they are set to have a year full of development. Remedy recently paired up with Epic Games’ publishing label, which will produce a AAA game available on console and PC. Remedy is also working with Smilegate on a campaign of Xbox exclusive shooter, CrossfireX.
