Age of Wonders
Game
Documents about Age of Wonders
Paradox Interactive Interim Report: January – September 2025
Paradox Interactive experienced a period of financial recalibration during the first nine months of 2025, characterized by a 12 percent year-over-year revenue decline to MSEK 1,317.2.
- Paradox Interactive reported a 12% year-over-year revenue decline to MSEK 1,317.2 for the first nine months of 2025, driven by a lighter release schedule and currency headwinds.
- Operating profit increased by 20% to MSEK 391.4, demonstrating improved operational efficiency despite the contraction in top-line revenue.
- Capitalized development expenses reached MSEK 1,738.2, highlighting a significant investment in the future pipeline, specifically the upcoming launch of Europa Universalis V.
Interim Report: January – June 2025
Paradox Interactive experienced a period of financial recalibration during the first half of 2025, characterized by a strategic shift toward long-term development and operational efficiency.
- Paradox Interactive reported a 53% increase in operating profit to MSEK 279.6 for H1 2025, driven by the absence of previous asset write-downs and steady DLC revenue from titles like Victoria 3 and Age of Wonders 4.
- Revenue declined by 13% for the first half of 2025 and 20% during the second quarter, reflecting a period of financial recalibration.
- The company maintains a strong financial position with an operating cash flow of 528.17 million KSEK and total equity of 2.61 billion KSEK as of June 30, 2025.
Annual Report 2024
Paradox Interactive’s 2024 fiscal year was defined by a strategic pivot toward core competencies, prioritizing the long-term development of its established strategy and management franchises on PC and console.
- Paradox Interactive reported a 17% decline in annual revenue to MSEK 2,200.9, primarily driven by the cancellation of the 'Life by You' project and a corresponding MSEK 208.0 write-down.
- Despite revenue declines, the company improved operational efficiency, resulting in an operating profit of MSEK 721.4 and an operating margin of 33%.
- The company maintains a strong financial position with an 82% equity/assets ratio, zero interest-bearing liabilities, and a cash reserve of MSEK 1,469.4.
Paradox Interactive Interim Report: January - June 2023
Paradox Interactive demonstrated significant financial expansion during the first half of 2023, characterized by a 31 percent increase in revenue to MSEK 1,220.1 compared to the same period in 2022.
- Paradox Interactive reported a 31% revenue increase to MSEK 1,220.1 for the first half of 2023, with second-quarter revenue surging 61% year-over-year to MSEK 737.3.
- Operating profit for the first six months of 2023 reached MSEK 448.6, representing a 6% increase driven by the launch of Age of Wonders 4 and consistent content updates for existing titles.
- The company remains heavily dependent on a single major customer, which accounted for MSEK 820.1 of total revenue during the first half of the year.
Paradox Interactive Annual Report 2023
Paradox Interactive’s 2023 fiscal year was defined by a strategic tension between record-breaking revenue growth and significant operational volatility.
- Paradox Interactive achieved a 34% revenue increase to MSEK 2,642.1 in 2023, driven by core franchises like Crusader Kings III, Stellaris, and Age of Wonders 4.
- Operating margins contracted significantly from 45% in 2022 to 25% in 2023, largely due to a MSEK 185.4 write-down from The Lamplighters League and technical issues with Cities: Skylines II.
- The company maintains a strong financial foundation with over one billion SEK in cash and cash equivalents and a 73% equity-to-assets ratio, supporting a proposed dividend increase to 3.00 SEK per share.
Paradox Interactive Interim Report: January – September 2019
Paradox Interactive demonstrated robust financial health and sustained growth during the first nine months of 2019, characterized by a 15 percent year-over-year revenue increase to SEK 908.0 million.
- Paradox Interactive reported a 15 percent year-over-year revenue increase to SEK 908.0 million for the first nine months of 2019.
- Third-quarter performance showed significant momentum with revenue rising 26 percent to SEK 282.6 million and operating profit increasing 36 percent to SEK 93.1 million.
- Financial growth was driven by the launch of Age of Wonders: Planetfall and the continued commercial success of core titles Cities: Skylines and Stellaris.
Interim Report: January - June 2018
Paradox Interactive demonstrated robust financial growth during the first half of 2018, characterized by a 38 percent increase in revenue to SEK 565.8 million and a 20 percent rise in operating profit to SEK 239.9 million compared to the same period in 2017.
- Paradox Interactive achieved a 38% revenue increase to SEK 565.8 million and a 20% rise in operating profit to SEK 239.9 million for the first half of 2018 compared to the same period in 2017.
- Second-quarter operating profit fell 39% to SEK 99.4 million due to one-time write-offs from cancelled development projects and increased royalty payments for third-party titles.
- The company acquired Harebrained Holdings for $7.5 million as part of a broader strategy to diversify its portfolio and expand its intellectual property catalog.
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