# Remedy Entertainment Oyj > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/remedyentertainment). ## Overview Remedy Entertainment is a globally renowned video game company known for creating immersive worlds and memorable stories. Founded in 1995 and headquartered in Espoo, Finland, the company has developed critically acclaimed franchises such as Alan Wake, Control, and Max Payne. Remedy also develops its own Northlight game engine, which powers its games. The company is listed on Nasdaq Helsinki and is expanding into self-publishing to leverage its intellectual property more effectively. ## Products & services • Alan Wake franchise • Control franchise • Max Payne franchise • Northlight game engine • Game development services • Self-publishing initiatives - **Game Development** (70%) — Includes development of video games for own and partner franchises. - **Royalties** (10%) — Royalties from game sales after recouping development costs. - **Game Engine Licensing** (10%) — Licensing of the Northlight game engine to other developers. - **Self-Publishing** (10%) — Publishing games developed in-house to retain more revenue. - Alan Wake franchise - Control franchise - Max Payne franchise - Northlight game engine - Game development services - Self-publishing initiatives ## Customers Remedy Entertainment serves a diverse customer base, primarily consisting of gamers who seek immersive and story-driven experiences. The company's games appeal to both casual and hardcore gamers, with a strong following among fans of narrative-rich and visually stunning games. Additionally, Remedy collaborates with publishing partners for its partner franchise games, where the partner handles distribution and marketing. With its move towards self-publishing, Remedy aims to directly reach its audience and retain more control over its intellectual property. - **Casual Gamers** (primary) — Purchase games for entertainment and immersive experiences. - **Hardcore Gamers** (primary) — Seek challenging and narrative-rich gaming experiences. - **Publishing Partners** (secondary) — Collaborate on distribution and marketing of partner franchise games. - **Game Developers** (emerging) — License the Northlight game engine for development purposes. - Casual gamers looking for immersive experiences - Hardcore gamers interested in narrative-rich games - Publishing partners for distribution and marketing - Fans of critically acclaimed franchises like Alan Wake and Control - Developers licensing the Northlight game engine ## Geography Remedy Entertainment is headquartered in Espoo, Finland, with an additional office in Stockholm, Sweden. The company employs a diverse workforce from 36 different countries, reflecting its global reach and appeal. While its primary market is in Europe, Remedy's games are distributed worldwide, with significant sales in North America and other key gaming markets. The company's strategic partnerships and self-publishing efforts are aimed at expanding its presence and influence in the global gaming industry. - Headquartered in Espoo, Finland - Office in Stockholm, Sweden - Global distribution with significant sales in North America - Diverse workforce from 36 countries - Strategic partnerships to expand global presence ## Strategy Remedy Entertainment's strategic priorities include expanding its game franchises and moving towards self-publishing to retain more control over its intellectual property. The company aims to launch one new game per year and focus on developing multiple game projects simultaneously. Strategic partnerships, such as with Annapurna Pictures, are key to expanding beyond traditional gaming into cross-media opportunities. Remedy's financial targets include doubling its 2024 revenue by 2027 and achieving a 30% EBITDA margin. - **Self-Publishing** (medium-term) — To retain control and increase revenue from game sales. - **Franchise Expansion** (long-term) — To build long-term hit potential and brand value. - **Strategic Partnerships** (medium-term) — To leverage cross-media opportunities and expand reach. - Expand game franchises and self-publishing capabilities - Launch one new game per year - Develop multiple game projects simultaneously - Strategic partnerships for cross-media expansion - Financial targets: double 2024 revenue by 2027, 30% EBITDA margin ## Risks Remedy Entertainment faces several risks, including the potential failure to meet game development timelines and quality standards, which could impact sales and royalties. The company's shift towards self-publishing introduces financial risks, as unsuccessful game launches could lead to significant losses. Additionally, Remedy's reliance on key personnel means that retaining skilled employees is crucial for operational success. The gaming industry is also subject to market volatility and geopolitical factors, which can affect business performance. - **Game Development Failure** [high] — Could lead to lower sales and royalties. - **Self-Publishing Financial Risk** [critical] — Unsuccessful launches could result in losses. - **Talent Retention** [high] — Loss of key personnel could hinder operations. - **Market and Geopolitical Volatility** [medium] — External factors could impact business performance. - Failure to meet game development timelines and quality standards - Financial risks from self-publishing and potential unsuccessful launches - Dependence on retaining skilled personnel - Market volatility and geopolitical factors affecting business - Currency fluctuations impacting financial results ## Accounting Remedy Entertainment's financial statements are influenced by revenue recognition from development fees and royalties, which are contingent upon meeting specific milestones and sales targets. The company's transition to self-publishing may lead to changes in revenue timing and recognition. Currency fluctuations, particularly with the USD, can impact financial results due to international sales. Additionally, the capitalization of development costs and amortization policies are critical in assessing the company's financial health and profitability. - **Revenue Recognition** — high - **Currency Fluctuations** — medium - **Development Cost Capitalization** — high - Revenue recognition from development fees and royalties - Impact of self-publishing on revenue timing and recognition - Currency fluctuations affecting financial results - Capitalization and amortization of development costs --- *Last updated: 2026-08-11T04:04:55.515750+00:00*