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Remedy and Epic Games announced a brand new trailer for Alan Wake 2 at Wednesday's Playstation Showcase event and that the game will be released on Tuesday October 17, 2023. More information about the game can be found in Remedy's press release and on Alan Wake’s website, where the game is also available for pre-order. Based on a quick review, initial reactions to the trailer from players on social media seem largely positive.
As expected, Remedy's Q1 results reported this morning were clearly in the red, with low development fees recorded in the early part of the year due to timing factors. The company is still clearly in the investment phase this year, with five game projects under development. The most important thing to hear at this point was that projects have been progressing since the beginning of the year and that the release of Alan Wake 2 later this year is getting very close.
Remedy reported slightly better-than-expected Q4 figures this morning. Based on the outlook, the company's revenue and earnings are expected to decline this year, ahead of the earnings growth phase that will start with the release of Alan Wake 2 at the end of the year.