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Interim report January – September 2022

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THIRD QUARTER

  • Revenues amounted to MSEK 458.0 (MSEK 289.4), an increase by 58 % compared to the same period last year.
  • Operating profit amounted to MSEK 220.6 (MSEK -44.6).
  • Profit after financial items amounted to MSEK 219.5 (MSEK -45.4), and profit after tax amounted to MSEK 175.9 (MSEK -33.2).
  • Cash flow from operating activities amounted to MSEK 242.3 (MSEK 59.4), and cash flow from investing activities amounted to MSEK -167.6
    (MSEK -151.4).
  • By the end of the period cash amounted to MSEK 665.9 (MSEK 552.3).
  • Earnings per share before dilution amounted to SEK 1.67 (SEK -0.31) and after dilution SEK 1.67 (SEK -0.31).
  • Revenues in the quarter are mainly attributable to Cities: Skylines, Crusader Kings III, Europa Universalis IV, Hearts of Iron IV and Stellaris.

IMPORTANT EVENTS IN THE THIRD QUARTER

  • New downloadable content for the following games was released during the quarter;
    By Blood Alone for Hearts of Iron IV, Friends & Foes for Crusader Kings III, Toxoids for Stellaris, Plazas and Promenades for Cities: Skylines, Lions of the North for Europa Universalis IV.
  • Across the Obelisk was released in version 1.0. 
  • New ports of downloadable content were released during the quarter; Aquatics Species Pack for Stellaris: Console Edition. 

FIRST NINE MONTHS

  • Revenues amounted to MSEK 1,392.9 (MSEK 1,056.9), an increase by 32 % compared to the same period last year.
  • Operating profit amounted to MSEK 642.7 (MSEK 159.3), an increase by 303 %.
  • Profit after financial items amounted to MSEK 640.2 (MSEK 156.4), and profit after tax amounted to MSEK 514.5 (MSEK 131.9).
  • Earnings per share before dilution amounted to SEK 4.87 (SEK 1.25) and after dilution SEK 4.86 (SEK 1.25).

SUBSEQUENT EVENTS

  • The new game Victoria 3, developed by Paradox Development Studio, was released on 25 October.

COMMENT BY THE CEO

We've come a long way in the last 12 months and in the past quarter a lot has gone Paradox's way. We've released a string of excellent DLCs for our best-selling games, we've made good progress in the development of our unannounced projects, and we've gotten the first results from our work with finding new experimental titles. At the same time, we have gotten a significant boost from the strong currency tailwinds. All this gives us a profit margin of 48 percent for the quarter.

Fredrik Wester, CEO of Paradox Interactive

PRESENTATION OF REPORT

1 November 12:00 PM CET Fredrik Wester and Alexander Bricca will host a livestream on Paradox’s YouTube channel to present the quarter’s s results, 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.com during 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 01-11-2022 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
The Paradox group today consists of both publishing and internal development of games and brands. Paradox has a broad portfolio of games owns the most important brands, including Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Prison Architect, Victoria, Age of Wonders and the World of Darkness catalogue of brands. Since 2004, the company has published its games all over the world, initially through physical distribution but primarily in digital channels after 2006. Paradox games are developed primarily for PC and console platforms, but the company also releases games on mobile. The largest markets today include the US, UK, China, Germany, France and Scandinavia. In total, Paradox games have over five 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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