Alan Wake 2 Still Couldn’t Generate Profit Over it’s Launch
Latest launched game from Remedy, Alan Wake 2 got a disappointing financial update, which is revealed that the game still couldn’t generated a profit over it’s development cost, after it’s one year of launch.
Financial Update for Alan Wake 2
Last year, Alan Wake 2 came out to a highly positive reception and commanded strong sales for developer Remedy. Besides getting rave reviews, it sold a million copies by the end of 2023, eventually becoming the Max Payne creator’s best-selling game ever after adding another 300,000 copies during February 2024. On top of all this, Remedy’s horror title earned the studio a slew of awards and nominations, including multiple wins at The Game Awards 2023. However, despite it’s popularity, with the recent released report, Alan Wake 2 still couldn’t recoup it’s cost.
CEO Tero Virtala revealed that the studio is still waiting for the game to “start generating royalties,” as this source of revenue was mainly driven by Control and older Alan Wake titles in Q2 FY25. The announcement further mentions that Alan Wake 2 had “recouped most of its development and marketing expenses” by September, right before its second and final DLC called The Lake House dropped.
Apart from Alan Wake 2’s other achievements, a much-awaited milestone that would particularly be favorable for Remedy Entertainment right now is the horror game finally breaking even. It’s been a long journey so far waiting for the Sam Lake-directed game to become profitable, and fortunately, it looks like the wait is going to be over soon. The latest earnings report captures the finances done till September, the end of the second quarter, which happens to precede one of the most important months for Remedy this year. In October, the studio not only launched the Lake House DLC but also shipped Alan Wake 2’s first batch of physical copies on consoles. There are good chances that the little margin left for the game to recoup its costs and start profiting would be met, thanks to the boost received from these two releases.
Meanwhile, Remedy Entertainment is working on multiple different projects, belonging to a couple of its coveted IPs, namely Max Payne and Control. The most expected one is Max Payne 1&2 remake, which the developer’s report describes to be “making steady progress” in the full production stage. On the otherhand, the studio said that Control 2 has “progressed well,” with the goal to enter full production in 2025.
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