Remedy Entmt Oyj

CEO, Jean-Charles Gaudechon, and Remedy CFO, Santtu Kallionpaa.

The agenda for today, JC will guide us through the quarter's numbers, and then we'll take a deeper look at the control resonant. We'll cover our marketing ramp-up during Q2, the sentiment, commercial indicators, and the launch window positioning. Then, as usual, we'll take a look at our games in the market, as well as our development pipeline. Santtu will then do a deeper dive on the financials and we'll end with a Q&A. Any questions you have already, feel free to leave those in the text box below the webcast. But without further ado, please JC, the stage is yours.

Thank you Apo. Hello everyone. The headline numbers first. Revenue was 10.2 million euros this quarter, down 40% from the comparison period. EBITDA was minus 2.4 and EBITDA minus 3.9. Operating cash flow slightly negative at negative 0.7 million euros. Two main factors explain this quarter's performance. First, the comparison quarter included the launch of FBC Firebreak with its initial subscription accruals. Second, marketing for Control Resonant ramped up during the quarter, reducing profitability as anticipated. So let's talk about this quarter was all about. Control Resonant launches worldwide on September 24th. We can now finally speak about the date. So this is Remedy developing and self-publishing the sequel to Control, our own IP, our own voice, and our most ambitious release to date. We revealed the launch date with a trailer shown at State of Play in June. Let's look at it again now.