Sweden · Delayed Price · Currency is SEK Paradox Interactive AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw stable underlying performance despite a 7% revenue drop due to FX, with organic growth of 2–3% and strong cash flow. Key franchises performed well, Cities: Skylines II sentiment improved, and the project pipeline expanded to 8.
Fiscal Year 2025
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Q4 saw record-high revenue growth driven by major releases, but profit was heavily impacted by a SEK 701 million write-down on Bloodlines 2. Cash flow remained strong, the balance sheet was strengthened, and new franchises and acquisitions expanded the core portfolio.
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Q3 saw a 9% year-over-year revenue decline to SEK 395 million, mainly due to currency effects and fewer major releases, but strong cash flow and robust performance from key franchises. Q4 is expected to be record-busy with multiple major launches and higher marketing spend.
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Revenue fell 20% year-over-year to SEK 469 million due to currency headwinds and fewer major releases, but operating profit rose to SEK 133 million as last year included a large write-down. Focus remains on expansions, sequels, and upcoming major titles, with a strong financial position and ongoing investment in development.
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Q1 2025 saw stable results despite fewer releases, with revenue down 4% year-over-year and strong cash flow. The Haemimont Games acquisition was completed, and currency headwinds are expected to impact Q2, but more releases are planned to offset this.
Fiscal Year 2024
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Q4 2024 saw record operating profit and strong cash flow, driven by DLC releases and robust back catalog sales, despite no major new game launches. The acquisition of Haemimont Games and a risk-averse project approach position the company for continued stability and growth.
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Q3 saw stable revenue and a strong profit increase, driven by successful core titles and cost control, despite limited releases and FX headwinds. Operational changes and a robust pipeline position the company for future growth.
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Revenue reached SEK 576 million, the fourth highest ever, with strong cash flow and no debt, despite a SEK 208 million write-down from the canceled Life by You project. Core franchises and expansions performed well, and the company remains optimistic about future growth and opportunities.