Paradox Interactive, a publicly owned company headquartered in Sweden, was founded in 1999 and employs approximately 560 individuals, specializing in computer games, particularly deep and complex strategy titles. The company's business model focuses on creating games with long lifespans, which are consistently supported and expanded through downloadable content (DLC) and expansion packs, thereby fostering a dedicated and engaged community of players who continue to interact with the games well beyond their initial release. Paradox is the publisher behind several major franchises, including the grand strategy series Europa Universalis, Hearts of Iron, Crusader Kings, and Stellaris, as well as the city-building game Cities: Skylines. Additionally, the company publishes games from a variety of third-party developers and owns the intellectual property rights to the World of Darkness franchise, which notably encompasses the "Vampire: The Masquerade" setting.
Paradox Interactive AB (publ) held its Q4 2025 earnings call on January 29, 2026, to discuss financial performance and management commentary, offering insights into its revenue, expenses, and future outlook. This followed the release of its year-end report on January 28, 2026, which revealed Q4 revenues of MSEK 874.8, an increase of 23% compared to MSEK 709.1 in the same period last year. However, operating profit decreased by 162% to MSEK -245.4 from MSEK 395.3, primarily due to amortisation of MSEK 345.7 and write-downs of MSEK 355.3 related to *Vampire: The Masquerade – Bloodlines 2*. Previously, on November 26, 2025, Paradox Interactive announced a non-cash write-down of MSEK 355 of capitalized development costs for the game *Vampire: The Masquerade - Bloodlines 2*, which was in addition to a scheduled degressive amortisation of MSEK 346 for the fourth quarter.
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