FBC: Firebreak flop results in Remedy Entertainment reporting a major loss in Q3 2025

Remedy Entertainment is going through a tough financial period, as reflected in its Q3 2025 results. While the Finnish developer, responsible for Alan Wake and Control, reported a period of dramatic growth in game sales revenue driven by royalties and the performance of its growing catalog, it has not been able to offset its most significant pain point: the failure of its first self-published live-service title, FBC: Firebreak, which has resulted in a considerable operating loss.

During the fiscal period of July to September 2025, Remedy saw an increase in game sales and royalties, generating €6 million, a seven-fold increase from its €0.8 million in the same quarter of 2024. 

Despite a strong surge in sales, overall revenue fell 32% year over year to €12.2 million. The company’s quarterly turnover fell from €17.9 million in the previous year, and the operating result plummeted to €-16.4 million.

The main reason behind this substantial loss was the underwhelming performance of FBC: Firebreak, set within Remedy’s interconnected universe, a title it bet heavily on to deliver a significantly high ROI that has yet to materialize. The game launched on June 17, 2025, across Xbox Series S|X, PlayStation 5, PC, and as a day-one title on Xbox Game Pass and PlayStation Plus.

Despite delivering an overhaul update, Breakpoint, which promised to fix the game’s core issues, the title continued to perform below the company’s expectations consistently. In light of this, Remedy revised its long-term sales outlook and acknowledged a €14.9 million non-cash impairment. This write-down effectively pushed the company's profit well into the red, even as it reels from its CEO's resignation on the 22nd of October 2025.

However, Remedy’s interim CEO, Markus Maki, reassured investors that the company would continue expanding Alan Wake and Control, and focus on Max Payne 1 & 2 remake with Rockstar Games.

In the financial report, Maki stated:

“Despite challenges with FBC: Firebreak, our other in-development projects are progressing according to plan. The majority of our effort goes into working with our established franchises – Control and Alan Wake – which we continue to invest in and expand into other media as part of our long-term strategy.

In addition, we’re focused on Max Payne 1&2 remake with Rockstar Games. While carefully balancing our product at risk, we also need to retain the ability to create new experiences for our audiences, as we have for the past 30 years.”

Remedy remains overwhelmingly positive despite the setback, aiming to generate twice the revenue by 2027 and to continue maintaining consistent year-over-year growth. Furthermore, the company hopes to achieve an EBITDA margin of 30 percent (a lofty goal in an industry that regularly averages below 20%) and maintain it thereafter for the foreseeable future.

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