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Extensive research

Video game company for the long run

Remedy Entertainment
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Remedy has progressed as planned in all its strategic objectives since the IPO a year ago. The gaming projects have progressed as scheduled, and Remedy has advanced successfully to the simultaneous development of two large scale gaming projects. The company has a good relationship with two strong publishers, with whom we believe the co-operation has gone well thus far. Although the progress of the strategy does not yet reflect in the company’s numbers due to the developmental stage of the projects, the development going as planned has substantially decreased Remedy’s risk level when compared to last year. We expect the multi- project model strategy transition currently underway to start to bear fruit next year. We reiterate our buy recommendation and increase our target price to 8.50 EUR (previously 7.5 EUR).

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Remedy Entertainment is a game developer. Its operations are primarily focused on the development of action games, with a particular focus on 3D technology. Examples of games that the company has developed include several different versions of Alan Wake, Max Payne, and Control. Remedy also develops its own game engine and tooling technology that powers many of its games. The company was founded in 1995 and is headquartered in Espoo, Finland.

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Key Estimate Figures03.06.2018

201718e19e
Revenue17.220.931.2
growth-%4.6 %21.5 %49.6 %
EBIT (adj.)2.6-0.07.7
EBIT-% (adj.)15.0 %-0.2 %24.7 %
EPS (adj.)0.16-0.010.50
Dividend0.000.000.20
Dividend %1.4 %
P/E (adj.)40.3neg.28.9
EV/EBITDA25.8941.218.7

Forum discussions

Get your tin foil hats out and let the speculation begin. Remedy’s law firm yesterday registered the trademark CONTROL Resonant. ![image|690x268...
11/28/2025, 1:11 AM
by Trivial
41
Firebreak now has voice chat, but it’s probably too little too late. store.steampowered.com – 19 Nov 25 FBC: Firebreak - Patch Notes v1.7.1 ...
11/19/2025, 1:10 PM
by Akee
15
TakeTwo also has other similar development projects in its pipeline, such as Ken Levine’s “Bioshock in space” - JUDAS, which was supposed to...
11/12/2025, 1:28 PM
by Trivial
13
Isa and Atte chatted in English about Remedy regarding Q3. Inderes Remedy Q3’25: Upcoming games in focus - Inderes Time: 12.11.2025 klo 12.29...
11/12/2025, 12:54 PM
by Sijoittaja-alokas
7
Yes, there would definitely be a spot for Max Payne, and even if there aren’t huge profits available, there’s even more fame for Remedy. My ...
11/7/2025, 4:34 AM
by Arvuuttaja
10
Let’s put this in the Remedy thread too. GTA VI is delayed to late 2026. Rockstar Games Grand Theft Auto VI is Now Set to Launch November 19...
11/6/2025, 9:28 PM
by Akee
13
Alan Wake 2’s platinum trophy had been achieved by 9.1% of players at the beginning of October, before the game came to the PS+ service. Trophies...
11/4/2025, 8:04 AM
by Henkka
20
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