Remedy Entertainment Oyj — Cyborg Score 5/10

Mixed
Video Game Development / Entertainment Software

Strategic Profile

Remedy positions itself as a premium AA/AAA game developer with distinctive artistic vision and proprietary technology. The company is undergoing a strategic turnaround under new CEO Jean-Charles Gaudechon (starting March 2026), with major pipeline releases including Control 2 and Max Payne remakes planned for 2026+ to drive revenue growth and profitability targets of doubling 2024 revenue by 2027.

Cyborg Score Rationale

Remedy possesses strong intellectual property, critical acclaim, and ambitious growth targets, but faces near-term challenges with recent operating losses (€16.4M in 2024), slow commercial performance, and leadership transition. The 2026 pipeline offers meaningful upside if execution succeeds.

Top Insights

  • Leadership transition to new CEO Gaudechon (March 2026) reflects prior commercial underperformance and need for strategic reset
  • Control 2 and Max Payne remakes in full production represent primary near-term catalysts; company targets €101.4M revenue by 2027 (doubling 2024)
  • Recent €14.9M impairment charge on FBC: Firebreak multiplayer title signals challenges in live-service execution and shifting strategy
  • Company maintains second studio in Stockholm and 370+ employees, indicating infrastructure for multi-project execution despite current profitability pressures

Named Competitors

  • Obsidian Entertainment — Story-driven RPG and action game developer
  • inXile Entertainment — Narrative-focused RPG developer
  • Bungie — Sci-fi action game developer

Recent Developments

  • (March 2026) Jean-Charles Gaudechon appointed as new CEO
  • (February 2026) Company updates 2026 reporting calendar amid turnaround push
  • (December 2025) Stock price €15.78, down from €17.11 in December 2025
  • (November 2025) Control 2 and Max Payne remakes confirmed in full production

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