Remedy CEO Steps Down Following FBC: Firebreak's Sales Flop

Remedy Entertainment's CEO has resigned, leaving the caller CEO of the developer of Control and Alan Wake to reassure investors aft anemic income of FBC: Firebreak near the institution importantly lowering its gross expectations for the twelvemonth and penning disconnected the game's improvement costs.

In its quarterly net study issued today, Remedy revealed that it recognized a €14.9 cardinal ($17.4 million) impairment complaint representing astir of the improvement costs arsenic good arsenic purchased publishing and organisation rights for FBC: Firebreak.

In total, Remedy's gross decreased 32% year-over-year, to €12.2 cardinal ($14.2 million). Remedy says this was mostly driven by little improvement fees coming successful than past twelvemonth astatine this time, during which it received gross from Annapurna related to improvement enactment it did connected Control 2. Remedy besides revealed that it was revising its gross expectations for the year: portion antecedently Remedy expected gross and operating nett to summation year-over-year and beryllium positive, it present expects gross to increase, but its operating nett to alteration and beryllium negative. No nonstop numbers were shared.

Alongside this, CEO Tero Virtala has stepped down aft 9 years successful the position. He is succeeded successful the interim by committee president Markus Mäki, who has stepped down from his president relation and been replaced by Henri Österlund.

In comments by Mäki shared with investors, helium stated that portion Remedy would proceed "working connected features which heighten subordinate value" and would support existent to its shared roadmap for Firebreak, the workplace has moved improvement resources elsewhere going forward. Mäki besides attempted to reassure investors that Firebreak was not a full loss:

"We person besides recovered affirmative sides from FBC: Firebreak," helium said. "Our archetypal multiplayer merchandise motorboat was technically palmy successful a cross-platform environment, and our publishing squad has built capabilities which enactment the releases of our aboriginal self-published titles."

FBC: Firebreak was Remedy's archetypal ever self-published game, and portion the workplace claims it technically succeeded, it besides admitted past 4th that it "underperformed" connected Steam and that the institution was "unsatisfied" with its commercialized reception. In today's earnings, Remedy stated that Breakpoint improved the game's income lone "marginally."

We gave FBC: Firebreak a 6/10, saying that it was a "compelling co-op shooter that, contempt its bully looks, doesn't person the extent to support things absorbing long-term."

Rebekah Valentine is simply a elder newsman for IGN. You tin find her posting connected BlueSky @duckvalentine.bsky.social. Got a communicative tip? Send it to [email protected].