Translation: Original published in Finnish on 12/12/2025 at 9:00 am EET.

Remedy unveiled Control Resonant, the highly anticipated sequel to the company's Control game, at The Game Awards event on Thursday. The game's announcement trailer is available to watch here. The game will be released in 2026, which is earlier than our current forecast (H1'27). This news is positive and brings our estimates concerning the release of the game forward. It also means that the most important game to Remedy's investment story will be released very soon. Initial reactions to the game trailer on various social media channels appear positive, and we also expect the stock to receive support from the upcoming release. We will update our forecasts and views on the stock in the near future.

Control Resonant is an action RPG in which players control Dylan Faden in an open world set in Manhattan. According to Remedy, players can jump into the game even if they haven't played the original Control. The game will be released for PlayStation 5, Xbox series X|S, PC and Mac. Remedy will be the game's publisher, and Annapurna Pictures will co-finance and co-produce it, in line with the companies' previously announced strategic partnership.

We previously expected the sequel to Control to be released in H1'27. The 2026 release window indicates that the project has progressed rapidly and reinforces confidence in Remedy's ability to stay on schedule with its multi-project model. In our current estimates, we expected Control 2 to increase Remedy's revenue in 2027 to 96.0 MEUR, while our estimate for 2026 was lower at 49.7 MEUR. Revenue projections for the coming years will therefore change significantly. Regarding timing, we don't believe that Remedy will delay the release of Control Resonant until the very end of the year because November will see the release of GTA 6, which is sure to steal the limelight.