Remedy's new game Control Resonant scheduled for release already in 2026
By Atte Riikola
Summary
- Remedy announced the release of Control Resonant, the sequel to Control, scheduled for 2026, earlier than the previously forecasted H1'27.
- The game is an action RPG set in Manhattan, playable on PlayStation 5, Xbox series X|S, PC, and Mac, with Remedy as the publisher and Annapurna Pictures as co-financer and co-producer.
- The earlier release date suggests rapid project progress and may significantly alter revenue projections, previously estimated at 96.0 MEUR for 2027 and 49.7 MEUR for 2026.
- Initial reactions to the game's trailer are positive, and the release is expected to support Remedy's stock, with updates to forecasts and stock views anticipated soon.
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Translation: Original published in Finnish on 12/12/2025 at 9:00 am EET.
Remedy unveiled Control Resonant, the highly anticipated sequel to the company's Control game, at The Game Awards event on Thursday. The game's announcement trailer is available to watch here. The game will be released in 2026, which is earlier than our current forecast (H1'27). This news is positive and brings our estimates concerning the release of the game forward. It also means that the most important game to Remedy's investment story will be released very soon. Initial reactions to the game trailer on various social media channels appear positive, and we also expect the stock to receive support from the upcoming release. We will update our forecasts and views on the stock in the near future.
Control Resonant is an action RPG in which players control Dylan Faden in an open world set in Manhattan. According to Remedy, players can jump into the game even if they haven't played the original Control. The game will be released for PlayStation 5, Xbox series X|S, PC and Mac. Remedy will be the game's publisher, and Annapurna Pictures will co-finance and co-produce it, in line with the companies' previously announced strategic partnership.
We previously expected the sequel to Control to be released in H1'27. The 2026 release window indicates that the project has progressed rapidly and reinforces confidence in Remedy's ability to stay on schedule with its multi-project model. In our current estimates, we expected Control 2 to increase Remedy's revenue in 2027 to 96.0 MEUR, while our estimate for 2026 was lower at 49.7 MEUR. Revenue projections for the coming years will therefore change significantly. Regarding timing, we don't believe that Remedy will delay the release of Control Resonant until the very end of the year because November will see the release of GTA 6, which is sure to steal the limelight.
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.
Read more on company pageKey Estimate Figures2025-10-29
| 2024 | 25e | 26e | |
|---|---|---|---|
| Revenue | 50.7 | 58.7 | 49.7 |
| growth-% | 49.3 % | 15.9 % | -15.3 % |
| EBIT (adj.) | -4.3 | -14.0 | 0.6 |
| EBIT-% (adj.) | -8.4 % | -23.9 % | 1.2 % |
| EPS (adj.) | -0.27 | -0.90 | 0.01 |
| Dividend | 0.00 | 0.00 | 0.00 |
| Dividend % | |||
| P/E (adj.) | neg. | neg. | 2,343.4 |
| EV/EBITDA | 65.9 | 13.8 | 33.8 |
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