La conferma è arrivata da un'intervista esclusiva col sito Bloody Disgusting
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QuoteSo, yes, we are working on Outlast 2.
The game will be a survival horror experience and it will take place in the same universe as Outlast, but it will have different characters and a different setting. We might go back to Mount Massive Asylum one day, but for now we have new ideas and themes we'd like to explore and we think we're cooking up something special.
We're still a small indie studio (12 people), so we'll need a little bit of time to ship our next game, but hopefully it will be worth it.
Fonti:
http://bloody-disgusting.com/news/3318564/exclusive-red-barrels-confirms-outlast-2/
https://www.reddit.com/r/Games/comments/2k5vbb/outlast_2_confirmed/