Paradox Interactive presented financial reports for the fourth quarter and all of 2022, talking about their successes.
Revenue for the fourth quarter was SEK 580 million, up 49% year-on-year. Operating profit exceeded SEK 244 million, an increase of as much as 65% compared to the same period last year.
Revenue for the year almost reached 1.973 billion SEK (36% higher than in 2021), operating profit is 887 million SEK (up 189%). At the same time, the head of Paradox Fredrik Wester noted that profit before tax amounted to 884 million SEK. True, he added that this result was influenced not only by the company’s success, but by the weak position of the Swedish krona itself in the market.
The main driving force behind the success was the release Victoria 3, however, other projects also helped to achieve the result. In particular, in early access appeared Stardeuson iOS and Android came out Airport Simulator, and some games received new additions. Finally, they also mentioned that Paradox is currently working on 15 projects.
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