contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Atte Riikola

Mikael Rautanen

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.

And most importantly for PC sales, it’s not an Epic exclusive. Steam is, after all, the clear number one marketplace on the PC side.

I think the stock is the most interesting it’s been since 2019, and I’ve joined the ranks of owners myself. Now that bearishness has turned into bullishness, let me throw in a few bullish comments of my own. I agree with the first poster that the momentum is right. It’s hard to see any specific negative threats in the near future. I see more of a “positive risk” that we’ll hear something positive regarding Max Payne. Control 2 looked so ready in the trailer that I consider a delay unlikely. Regarding the release of Control 2, I’m initially quite confident in the sales figures. Compared to the launch of AW2, the installed base of current-gen consoles is significantly higher. On the PC side, it’s worth noting that AW2 was heavy for the PCs of that time, and the hardware base has naturally become more powerful over 3-4 years. So, a fair amount of potential has developed simply through the growth in the number of devices capable of running the game.

Let’s speculate now, even if it’s completely worthless and meaningless speculation. 22.10.2025: Tero Virtala leaves his position as Remedy’s CEO immediately. (Inderes)  17.11.2025: Matias Myllyrinne writes on RedHill’s blog that he and the board have decided on a restructuring of RedHill (= more or less layoffs and winding down the company) Of course, there is no connection between these two, but at least Myllyrinne would be available. I don’t know if his background after leaving Remedy (Wargaming, RedHill Games) is suitable for Remedy’s CEO in the current situation with its multi-project model and different genres. A lot has changed since those days. But at least he knows the company culture and history. Personally, I hope the candidate list includes skilled people from our western neighbor’s slightly larger companies, e.g., DICE, Paradox, Massive/Ubisoft. For an international game company, Remedy’s current board and management team feel a bit too home-grown for my taste. On the other hand, being “home-grown” seems to work quite well for the Polish CD Projekt Red with its strange co-CEO roles. At least our western neighbor has consistently shown very good evidence lately of how the gaming business should be run.                                                 Sweden is the global leader in Steam revenue in 2025. Games from Sweden generated 20% of all gross Steam revenue. - Alinea Analytics Then on to more important topics than speculation. Alan Wake’s average sales rankings on US PS5 and the Epic Store in Q4 were pretty much at Q3 levels. On the other hand, in Q3, AW2 sales were apparently higher than expected as the game expanded into Asian markets. Have we already seen the peak of Asian sales, or is the sales growth there just beginning? We’ll have to wait and see.  The somewhat weak development of the average PS Store ranking is actually quite okay when you consider that the game was the October PS+ free game. In my opinion, the analyst’s forecast for a €5M deal is perhaps leaning towards pessimistic, and I wouldn’t be surprised if they got a bit more from it. €2.5M for both Remedy and Epic is hardly much consolation if the price is sabotaging game sales during the busiest Q4 on the best-selling platform. In my view, there’s a chance for a small positive Q4 surprise here, even if the actual game sales probably won’t be mind-blowing. On the other hand, development fees could be a disappointment as Control 2 approaches release and MPR (Max Payne Remake) has either reached its milestone and is sitting in limbo without development fees while waiting for release, or the project is in trouble. However, I believe Markus Mäki stated in a webcast, or perhaps it was an Inderes interview, that the game reached its milestone in Q3; it’s unlikely they would lie about that. If development fees are high and nothing has been heard from MPR yet, things are getting interesting. As a final topic, the first videos for the biggest/most anticipated games of 2026 have started appearing on YouTube, where Control Resonant is quite well represented. Below are a few well-known (IGN) videos or ones with a couple of hundred thousand views:                                                                                  And what the TOP comments in YouTube comment sections might look like if Control Resonant isn’t mentioned:

In my opinion, quite an interesting article from Hesari providing some background on the situation of the entire gaming industry.                   Helsingin Sanomat – 30 Dec 25              Peliteollisuus | Suomen peliala ajautui kurimuskierteeseen, ovatko...    Moni suomalainen pelistudio irtisanoi tai lopetti syksyn aikana. Onko Suomeen isoja verotuloja tuonut ala ajautunut vakaviin ongelmiin?

Control Resonant continues to climb the wishlist rankings at its own pace. It’s not exactly a massive achievement to pass Bungie’s Marathon, considering how much negativity has surrounded that game, but it’s a feather in the cap nonetheless.  Is the 77th wishlist rank good or bad just over a week after the announcement? I gathered this year’s Geoff Keighley events (SGF, Gamescom ONL, TGA) and picked out all the fresh AA+ game announcements. Feel free to shout out if anything is missing; I’m blindly trusting AI listings here.  The colors in the graph are a bit difficult to interpret, so here is the TOP 6 in order:  Total War: Warhammer 40k (TGA25) Resident Evil Requiem (SGF25) Tomb Raider: Legacy of Atlantis (TGA25) Control Resonant (TGA25) Lego Batman: Legacy of the Dark Knight (TGA25) Ace Combat 8  Looking at the kind of brands the game is keeping company with, I think one can be quite satisfied. And Tomb Raider’s publisher, Amazon, is pushing hard with money for paid trailer visibility and wishlists. Someone might say, “wow, look at that, it’s competing with a kids’ Lego game.” However, previous games in the Lego Batman series have sold 3-10+ million copies per game. Also, Ace Combat’s predecessor, Ace Combat 7, has sold 6M copies. In that sense, it’s well in line with the fact that the original Control also sold about 5M copies. Of course, it must always be remembered that high wishlist numbers require a good game to convert. Player expectations are high. If looking for a range of where Resonant could be in 6 months, one could look at the rankings today of the new SGF announcements from 6 months ago. Perhaps from these, one could estimate that around 20th place might be realistic in 6 months? From there, a final sprint toward the expected August–October release. Usually, a significant portion of a game’s wishlists is acquired during the last 3 months before launch.     Game Announcement Steam Wishlist rank 20.12.2025     Resident Evil Requiem SGF 2025 (6/2025) 4   007: First Light SGF 2025 (6/2025) 49

Firebreak has ended up in the 50% discount bin in the Steam Christmas sale  Hardly groundbreaking, but in my opinion, the price is now closer to what someone might pay for the existing content. Yes, it’s known that the game is “buy once, continuous development to follow,” but since that development is highly uncertain due to the lack of popularity, we are now in the right ballpark regarding the price tag.

It was a good move by Remedy to make a Mac port of Control. It was apparently showcased at some Apple event, which is of course good advertising. Gaming on Apple’s PC devices has traditionally been somewhat neglected. However, the M4 and M5 chips have a surprising amount of punch for gaming when it comes to integrated graphics cards. Especially if the game is optimized for the hardware and can utilize MetalFX upscaling features. There aren’t many major AA-AAA games natively ported to Apple hardware yet, so Control stands out in the selection easily. Gradually, other older games have been ported, such as Cyberpunk, Resident Evil 4, Red Dead Redemption 2, Civilization VI, etc.

Remedy Entertainment

Remedy has progressed as planned in all its strategic objectives since the IPO a year ago. The gaming projects have progressed as scheduled, and Remedy has advanced successfully to the simultaneous...

<p>Remedy has progressed as planned in all its strategic objectives since the IPO a year ago. The gaming projects have progressed as scheduled, and Remedy has advanced successfully to the simultaneous development of two large scale gaming projects. The company has a good relationship with two strong publishers, with whom we believe the co-operation has gone well thus far. Although the progress of the strategy does not yet reflect in the company’s numbers due to the developmental stage of the projects, the development going as planned has substantially decreased Remedy’s risk level when compared to last year. We expect the multi- project model strategy transition currently underway to start to bear fruit next year. We reiterate our buy recommendation and increase our target price to 8.50 EUR (previously 7.5 EUR).</p> 

	2017	18e	19e
Revenue	17.2	20.9	31.2
growth-%	4.6 %	21.5 %	49.6 %
EBIT (adj.)	2.6	-0.0	7.7
EBIT-% (adj.)	15.0 %	-0.2 %	24.7 %
EPS (adj.)	0.16	-0.01	0.50
Dividend	0.00	0.00	0.20
Dividend %			1.3 %
P/E (adj.)	40.3	neg.	30.5
EV/EBITDA	25.8	1,000.2	19.9

Video game company for the long run

Key Estimate Figures2018-06-03

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