Remedy reels as CEO exits, profits crash

Remedy Entertainment reported a 32 percent decline in revenue to 12.2 million euros in the third quarter of 2025, marking a difficult period for the Finnish game developer. The studio posted an operating loss of 16.4 million euros after its game FBC: Firebreak underperformed, prompting the departure of CEO Tero Virtala earlier this month.

Interim CEO Markus Mäki told investors on Thursday that Control 2 and the Max Payne remakes remain in full production. The company aims to double its 2024 revenue by 2027 and achieve a 30 percent profit margin while expanding its Control and Alan Wake franchises.

The studio celebrates its 30th anniversary as it pursues what Mäki called significant commercial success by 2030. A new project in early development will likely connect to the Remedy Connected Universe that links its two main franchises.

You may also like

  • What is an Accounting Year?

    An accounting year serves as the foundation for financial reporting and business planning. Companies use this period to record all their financial transactions, from sales and purchases to investments and expenses. This structured approach helps businesses track their growth, measure profitability, and fulfill their tax obligations. Different Types of Accounting Years Not every organization follows…

  • Goyal courts CEOs in Berlin talks

    India’s Commerce and Industry Minister Piyush Goyal conducted business meetings with German corporate executives and Luxembourg officials to strengthen economic partnerships. The minister engaged with leaders from Mercedes-Benz, Infineon Technologies, and Schaeffler AG to discuss investment prospects in automotive manufacturing, semiconductor production, and artificial intelligence. Conversations with RENK GmbH and Herrenknecht AG addressed defense sector…

  • UDAN flies 1.56 crore passengers in 9 years

    India’s regional air connectivity program has transported more than 15.6 million travelers across 323,000 flights since its 2016 launch, the Civil Aviation Ministry reported Tuesday. The initiative has activated 649 routes linking 93 previously unconnected airports, among them 15 helicopter facilities and two water landing sites. Federal authorities have allocated over 430 billion rupees in…

  • Nigeria, Zimbabwe link trade powerhouses

    The Zimbabwe Mercantile Exchange and the Lagos Commodities and Futures Exchange signed a memorandum of understanding on Friday to establish structured, transparent, and technology-driven commodity trading between Nigeria and Zimbabwe. The virtual ceremony, hosted by a joint bilateral secretariat, included regulators, trade officials, and market operators from both nations. This agreement marks the launch of…

  • What is a Debit Spread?

    Money leaves your pocket when you make a debit spread trade. This simple fact gives the strategy its name. Picture paying $300 for something worth $500 – that’s how a debit spread works in options trading. The Basics of Debit Spreads Options traders use debit spreads when they think a stock price will go up…