Remedy Entertainment

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.

Remedy's Q1 figures were weak as expected, with the company's 5 game projects in development this year mainly showing up as costs in the income statement. However, the company's investment story is about to enter an interesting phase with the release of Alan Wake 2 at the end of the year, which will also be a key short-term driver for the stock.

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.

We have made changes to our quarterly estimates ahead of Remedy's Q1 report on April 26 at 9.00 am. On an annual basis, our estimates are largely unchanged, and this year Remedy is still in a clear investment phase as the company builds its strategy for the next phase of growth with 5 major game projects under development.

There were no major surprises in the company's Q4 figures and, as expected, the outlook for 2023 is still weak in light of the figures. This year, Remedy is still clearly in an investment phase as the company builds its strategy for the next growth leap with 5 major gaming projects under development.

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.