Subnautica 2 is being developed with Unreal Engine 5, adopting a Game as a Service model. Players will explore an "oceanic world in stunning stylized graphics.".
The report indicates that the game will feature a single-player mode, or players can team up with friends for a 4-player co-op session to "uncover the mysteries on an entirely new alien planet."
Subnautica 2 is scheduled for release in 2024. Currently, details are scarce, with no screenshots or gameplay footage available yet. Consequently, as you can see, we're relying on screenshots from the first Subnautica for this report.
We should hopefully learn more soon, as we expect an official announcement with more details will be forthcoming.
Since its launch in 2015, the original Subnautica has maintained a robust community, reaching a peak concurrent player base of 51,156 on Steam. Over the years, its popularity has grown, leading to the release of a new chapter in the franchise, Subnautica: Below Zero. This installment acts more as a DLC or expansion than a direct sequel.
Financial Report
Per the earnings results;
Multiplayer sequel to the original IP pursuing fandom snowballing
*Explore an oceanic world in stunning stylized graphics powered by Unreal Engine 5
*Single or 1-4 player co-op to uncover the mysteries on an entirely new alien planet
*Game-as-a-Service model with enhanced replayability
Source
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