Paradox Interactive AB (FRA:ETA)
€ 11.12 +0.010 (+0.09%) Market Cap: 1.19 Bil Enterprise Value: 1.06 Bil PE Ratio: 151.86 PB Ratio: 5.13 GF Score: 80/100

Full Year 2025 Paradox Interactive AB (publ) Earnings Call Transcript

Jan 29, 2026 / 11:00 AM GMT
Release Date Price: €12.13 (-13.85%)

Key Points

Positve
  • Paradox Interactive AB (PRXXF) reported a 23% increase in quarterly revenues, reaching SEK875 million compared to SEK709 million in Q4 2024.
  • The company successfully released Europa Universalis V, which has been highly profitable and is expected to continue generating significant revenue.
  • Paradox Interactive AB (PRXXF) strengthened its balance sheet and improved cash flow year-on-year, indicating financial stability.
  • The acquisition of Haemimont Games and the in-house development of Cities: Skylines II have shown positive effects, enhancing the company's management games capabilities.
  • Victoria 3 and Age of Wonders 4 have been established as new franchises with growing player numbers, contributing to the company's long-term growth strategy.
Negative
  • The company's EBIT was negatively impacted by a significant write-down of SEK701 million related to Vampire: The Masquerade - Bloodlines 2.
  • Foreign exchange headwinds, particularly a stronger Swedish krona and weaker US dollar, adversely affected the top line.
  • Operating profit decreased to SEK245 million from SEK395 million in the previous year's quarter, largely due to the write-downs.
  • Profit margin dropped to minus 28% compared to a record high of 57% in Q4 2024.
  • The company faced challenges in matching the previous year's performance for some franchises, such as Hearts of Iron, which had a strong Q4 in 2024.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PDXI.ST - Paradox Interactive AB (publ)
Full Year 2025 Paradox Interactive AB (publ) Earnings Call
Jan 29, 2026 / 11:00AM GMT

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Conference Call Participants
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* Frederik Wester
Paradox Interactive AB (publ) - Chief Executive Officer, Director
* Alexander Bricca
Paradox Interactive AB (publ) - Chief Financial Officer

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Presentation
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Frederik Wester, Paradox Interactive AB (publ) - Chief Executive Officer, Director [1]
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Hello and welcome to the year-end report and quarter four report for Paradox Interactive. My name is Fred.

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Alexander Bricca, Paradox Interactive AB (publ) - Chief Financial Officer [2]
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