Remedy profit plummets as Control royalties decline

Originally published on GamesIndustry.biz by Marie Dealessandri

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Remedy released its financial results for the quarter ended September, 30, 2021, with revenue dropping 25.4% year-on-year to €7.4 million.

This decline was due to a decrease in Control royalties, the developer explained, as well as “reduced development fees” coming from its partnership with Smilegate on Crossfire.

As a result, operating profit plummeted during the quarter, to €290,000, compared to €3.4 million for the same quarter last year, which had seen Control Ultimate Edition launch on Steam and Remedy receive development fees from 505 Games for Condor, Control’s multiplayer spin-off.

Looking at the figures from January

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