2021 is a successful year for Respawn Entertainment even if the blockbuster Apex Legends Mobile has not yet launched globally.
The game developer’s full-year financial report from the US (including data on 4th quarter financial performance) shows a significant increase in revenue and a modest increase in profit in a small year release.
During the 3-month period ending December 31, 2021, Respawn made 19.7 million euros (about $22 million) in revenue, up 39.4% year-on-year. Operating profit for the quarter reached 11.2 million euros, up 69% year-on-year. In 2021, the company has not released any new games, while Apex Legends Mobile has not yet opened globally.
For the full year of 2021, Respawn posted revenue of €44.7 million (up 8.9% year-on-year) and had an operating profit of €14.7 million. That’s an 11% increase from the previous year.
Respawn’s partnerships with other developers and upcoming product releases like Apex Legends Mobile are forecast to see even better financial results over the next few years. For the next fiscal year, Remedy forecasts revenue will continue to grow, but operating profit will be “in the positive” this year.
Respawn Entertainment, LLC is a video game development studio founded by Jason West and Vince Zampella. West and Zampella previously co-founded Infinity Ward and created Call of Duty, where they were responsible for development until 2010.
The studio created Titanfall, which launched in 2014. Respawn was released by Electronic Arts in December 2017. The studio developed the action-adventure game Star Wars Jedi: Fallen Order, which was released in November 2019, and the game. Apex Legends free-to-play battle royale, released on February 4, 2019. Respawn developed Medal of Honor: Above and Beyond, the award-winning Colette Short Documentary Academy game.
On its 10th anniversary, Respawn announced that they are opening a new studio in Vancouver, British Columbia to focus on the ongoing development of Apex Legends. The studio is located in EA Vancouver so resources can be exploited.
On January 25, 2022, it was announced that Respawn is developing a sequel to the original Jedi Fallen Order Star Wars FPS. Peter Hirshmann serves as coordinator and Bit Reactor will co-develop the strategy game.