Remedy Provides Project Updates in Financial Report

alan wake 2 remedy remedy

In a lengthy financial report detailing the firm’s performance through Q1 of 2023, Remedy covered the status of various projects. This list includes the likes of the Max Payne 1 & 2 remakes, Alan Wake 2, Control 2, and the as-of-yet unrevealed multiplayer games, Codename Condor and Codename Vanguard.

There are a lot of irons in the fire over at Remedy, but the developer confirmed that almost everything is progressing well or on track according to expectations. Unfortunately, the firm reported a sizeable decrease in revenue and EBITDA, but it’s nothing that the firm’s leadership wasn’t expecting.

Remedy’s Projects are Progressing

In the words of Remedy’s CEO, Tero Virtala, ‘Alan Wake 2 is on its way to becoming a great game and has everyone excited at Remedy.’

This is Remedy’s ‘firm focus’ at the moment, and it was reiterated in the financial report that this is the company’s first new game launch since 2019 when Control was released. On the subject of Control, Virtala highlighted that Control 2 moved through the proof-of-concept stage in January of this year, and has progressed well since then.

It doesn’t end there, though – it was also highlighted that the Max Payne 1 & 2 remakes have also ‘progressed well’, and they too have entered their proof-of-concept stage.

There was a brief mention of the unrevealed projects that Remedy is working on, including Codename Vanguard, a ‘free-to-play cooperative game’ – which is in the (you guessed it) proof-of-concept stage.

And then finally, Codename Condor, a unique multiplayer game set firmly within the world of Control, which is… In the proof-of-concept… Stage.

Poor attempt at some kind of humour aside, it’s all good news. While Remedy stated its outlook for 2023 included expectations of further declining revenue, it did stress that there are several games in development, stating that all of these games have ‘the potential to succeed in a bigger way.’

With Alan Wake 2 releasing at some point this year, it’s only a matter of time before Remedy’s games are flying off the shelves once again.

For more Insider Gaming news, check out our coverage of the PS Plus games revealed for May.