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Interim report January – March 2024

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FIRST QUARTER

  • Revenues amounted to MSEK 482.1 (MSEK 482.8), in level with the same period last year.
  • Operating profit amounted to MSEK 154.4 (MSEK 155.7), a decrease by 1 %.
  • Profit after financial items amounted to MSEK 165.0 (MSEK 157.1), and profit after tax amounted to MSEK 126.9 (MSEK 123.7).
  • Cash flow from operating activities amounted to MSEK 136.9 (MSEK 244.6), and cash flow from investing activities amounted to MSEK -47.9 (MSEK -170.1). Cash flow from investing activities includes a positive effect of MSEK 130.5 (MSEK 0.0) from sales of short-term investments in bonds.
  • By the end of the period cash amounted to MSEK 1,181.8 (MSEK 812.7).
  • Earnings per share before dilution amounted to SEK 1.20 (SEK 1.17) and after dilution SEK 1.20 (SEK 1.16).
  • Revenues in the quarter are mainly attributable to Cities: Skylines, Cities: Skylines II, Crusader Kings III, Hearts of Iron IV, and Stellaris.             

IMPORTANT EVENTS IN THE FIRST QUARTER

  • Millennia, developed by C Prompt Games, was released to PC.
  • New downloadable content was released to games during the period; Legends of the Dead to Crusader Kings III, Trial of Allegiance to Hearts of Iron IV, Primal Fury to Age of Wonders 4 and Beach Properties to Cities: Skylines II.
  • New ports were released during the period, Across the Obelisk to Nintendo Switch.
  • The new game Prison Architect 2, developed by Double Eleven, was announced.

COMMENTS BY THE CEO

Our core business has held a strong pace during the first period of the year, with good underlying sales, which gives a good result. We have a very strong foundation with a large cash position and a solid recurring cash flow. This gives us a good position for taking advantage of the opportunities that open up in a games market that is turbulent at the moment.

Fredrik Wester, CEO of Paradox Interactive

PRESENTATION OF REPORT

25 April 12:00 PM CEST Fredrik Wester, CEO, and Alexander Bricca, CFO, will host a livestream on Paradox’s YouTube channel to present the interim report, and answer questions related to the report and the company’s financial performance, https://www.youtube.com/paradoxinteractive.

Questions may be submitted in advance via our forum or by e-mailing them to ir@paradoxinteractive.com. It will be possible to e-mail questions to ir@paradoxinteractive.comduring the presentation.

If you miss the presentation, it will be posted on Paradox’s YouTube channel at a later time.

This disclosure contains information that Paradox Interactive AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-04-2024 08:00 CET.

For additional information, please contact:
Fredrik Wester, CEO Paradox Interactive
Alexander Bricca, CFO Paradox Interactive
Email: ir@paradoxinteractive.com
Phone: +4670-355 54 18

About Paradox Interactive
Paradox Interactive is one of the premier developers and publishers of strategy and management games for PC and consoles. The players are located all over the world but some of the biggest markets are North America, Western Europe and Asia. The game portfolio consists of popular franchises such as Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Prison Architect, the Surviving games, Age of Wonders and Victoria. Paradox Interactive also owns the World of Darkness brand catalog. In total, Paradox games have over six million players each month.

Paradox Interactive AB (publ)’s shares are listed on Nasdaq Stockholm First North Premier under ticker PDX. Certified Advisor: FNCA Sweden AB. For more information, please visit www.paradoxinteractive.com.

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