Summary
Remedy Entertainment, the developer ofAlan Wake 2, released a financial report showing that Q1 2024 profits are still below the title’s budget even though sales have done well. The report shows more than justAlan Wake 2earnings, with a full breakdown of the developer’s financial situation.
A survival horror game, the much anticipated sequel was released in October 2023. Even though there was a significant gap between the release of the original andAlan Wake 2, the game received various awards and fan praise. Multiple DLCs are currently in progress for the title, includingAlan Wake 2’sNight SpringsDLC.
Alan Wake 2has sold 1.3 million copies since the beginning of February 2024,according to the Remedy report. Along with the sales figure, the developer noted that it has “recouped a significant part of the development and marketing expenses.” This points to the full budget for the title still not being met after strong demand for the game. While the specific amount of budget costs left wasn’t included, Remedy did point to extending the life ofAlan Wake 2through the DLC it focused on creating in the first quarter.
Despite Strong Sales, Budget Still Hasn’t Made Back for Alan Wake 2
Even thoughAlan Wake 2hasn’t generated any profits for Remedy, the company has had a 56.2% revenue increase over Q1 2023, a sum of just under €4 million. The increase in profits has allowed the developer toplan more frequent games in both theAlan WakeandControlfranchises. This could also be affected by Tencent increasing its investment in Remedy by 10%.
The business review also notesall projects currently in the works at Remedy. With theControlIP completely self-owned, more titles in the franchise are on the horizon. Codename Condor, a title taking place in the connected Remedy universe, has entered full production.Control 2is rounding out the concept stage of the game, with an estimated production stage beginning in Q2 2024. TheMax Payne1+2remake is in production and should move to the final development stages this quarter. The completely unknown Codename Kestrel project is still in the concept stage.
WhileAlan Wake 2still hasn’t begun earning royalties, the interest in the franchise did increase overall revenue for Remedy. With the game’s DLC coming to market in the future, it can only be surmised that the title will soon turn a profit. If not, it at least sets a solid foundation forControl 2and other titles in the Remedy Connected Universe.
