Paradox Interactive AB (publ) cancels unannounced projects to focus the game development pipeline, writes down -135 MSEK
Paradox Interactive AB (publ) has today decided to discontinue the development of several unannounced games. In connection with the cancellation, the company has written down the value of the projects which will impact the Q3 2021 profit before tax with -135 MSEK. The cancellation is a consequence of the company’s strategy to focus resources and expertise on its proven game niches and projects that better meet the company’s requirements on returns and risk. In the past year, Paradox Interactive has continued to focus its game development and business activities on the company’s core areas.