Remedy Entertainment PLC (STU:8P8)
€ 14.26 0.56 (4.09%) Market Cap: 198.73 Mil Enterprise Value: 179.70 Mil PE Ratio: 0 PB Ratio: 3.03 GF Score: 58/100
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Q3 2022 Remedy Entertainment Oyj Earnings Call Transcript

Oct 28, 2022 / NTS GMT
Elina PetÃ;jÃ;jÃ;rvi
Remedy Entertainment Oyj - IR

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Okay. I think it's 2 o'clock now. So hello, everyone, and thank you for joining Remedy Entertainment webinar. My name is Elina Petäjäjärvi, and I am a member of the Remedy Investor Relations team. Today, we will go through Remedy's business review for January, September 2022.

With me are Tero Virtala, Remedy CEO; and Terhi Kauppi, Remedy CFO. We will have a Q&A session after the presentation.

Okay, Tero, the floor is yours.

Tero Virtala
Remedy Entertainment Oyj - CEO

Okay, Elina. Thank you, and hello, everyone, and welcome also on my behalf.

So straight on to our quarter three. In our third quarter, our revenue grew by 7% to EUR7.9 million. EBITDA decreased to minus EUR2.3 million and operating profit to minus EUR3 million. The decrease in profitability was mainly due to increased external development costs especially related to Alan Wake 2 and Codename Condor. Terhi, our CFO, will a bit later discuss more detail on the

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