Remedy: Stable Result and 10 million “Control” Players in Total

Research Note

2021-08-13

08:48

Redeye comments on Remedy’s stable H1-report. Revenue amounted to EUR 17.5 million which is above our estimated EUR 15.6 million. While costs were in line with estimates the reported EBIT was higher than expected EUR 3.2 million versus EUR 1.4 million. Remedy communicated that Control now has reached an audience of 10 million players. The majority of the installed games compared to the 2 million copies sold reported in December 2020 comes from Sony’s and Epic's “free” deals according to us.

TO

DZ

Tomas Otterbeck

Danesh Zare

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