Hearts of Iron IV
GameBy Paradox Development Studio · Released Jun 6, 2016
Documents about Hearts of Iron IV
Paradox Interactive Interim Report: January - March 2025
Paradox Interactive maintained a stable financial foundation during the first quarter of 2025, despite experiencing minor year-over-year declines in performance.
- Paradox Interactive reported Q1 2025 revenue of MSEK 463.6 and an operating profit of MSEK 146.6, marking year-over-year declines of 4% and 5% respectively.
- The company is intentionally slowing its release cadence to focus on downloadable content for core titles like Cities: Skylines II and Hearts of Iron IV rather than new product launches.
- The firm maintains a strong balance sheet with MSEK 1,501.5 in cash and cash equivalents and an equity/assets ratio of 83%.
Year-End Report: January–December 2024
Paradox Interactive’s year-end report for 2024 details a period of strategic transition characterized by improved profitability despite a decline in top-line revenue.
- Paradox Interactive reported a 17% decline in annual revenue to MSEK 2,200.9, yet achieved a 10% increase in operating profit to MSEK 721.4 due to reduced project write-downs and lower amortizations.
- The fourth quarter showed significant momentum with a 219% surge in operating profit to MSEK 395.3, bolstered by strong core title performance and a high volume of DLC releases.
- The company maintains a strong financial position with MSEK 1,469.4 in cash and an 82% equity/assets ratio, leading the Board to propose a total dividend of SEK 5.00 per share.
Paradox Interactive Interim Report: January – March 2024
The Paradox Interactive interim report for the first quarter of 2024 outlines the company’s financial performance and operational developments as a global developer and publisher of strategy and management games.
- Paradox Interactive reported Q1 2024 revenue of MSEK 482.1, remaining consistent with the same period in 2023.
- Operating profit saw a marginal decline of 1% to MSEK 154.4, while profit after tax rose slightly to MSEK 126.9.
- The company maintains a strong liquidity position with MSEK 1,181.8 in cash and cash equivalents at the end of the quarter.
Interim Report: January – September 2024
Paradox Interactive reported a significant increase in profitability for the third quarter of 2024 despite a broader year-to-date decline in revenue.
- Paradox Interactive’s Q3 2024 operating profit surged 67% to MSEK 142.8, despite a 9% year-to-date revenue decline to MSEK 1,491.8 caused by MSEK 208.0 in write-downs from the cancellation of 'Life by You' and the performance of 'The Lamplighters League'.
- Quarterly revenue grew 2% to MSEK 434.0, bolstered by core titles including 'Cities: Skylines', 'Crusader Kings III', 'Hearts of Iron IV', 'Stellaris', and the full release of 'Mechabellum'.
- The company is narrowing its strategic focus to Grand Strategy and Management niches, evidenced by the indefinite delay of 'Prison Architect 2' to prioritize product quality.
Year-end Report 2021
Paradox Interactive experienced a period of significant financial contraction throughout 2021, characterized by a 19 percent decline in annual revenue to MSEK 1,447.5 and a 51 percent drop in operating profit to MSEK 307.5.
- Paradox Interactive saw a significant financial downturn in 2021, with annual revenue falling 19% to MSEK 1,447.5 and operating profit dropping 51% to MSEK 307.5.
- The company's 2021 performance was negatively impacted by project cancellations, quality control issues, and declining sales from its existing portfolio of titles.
- A late-year recovery emerged in Q4 2021, featuring an 86% increase in operating profit driven by successful content expansions for core titles like Hearts of Iron IV and Stellaris.
Paradox Interactive Year-End Report: January – December 2022
Paradox Interactive experienced significant financial growth during the 2022 fiscal year, driven by a strategic focus on core franchises and a stabilized release cadence.
- Paradox Interactive achieved significant financial growth in 2022, with annual revenue rising 36% to MSEK 1,972.9 and operating profit increasing 189% to MSEK 887.1.
- The company maintained a strong 45% operating margin for the full year, supported by the successful launch of Victoria 3 and the continued performance of core titles like Cities: Skylines, Crusader Kings III, Hearts of Iron IV, and Stellaris.
- PC remains the company's primary platform, accounting for approximately 85% of total annual revenue, with the United States serving as the largest geographic market at MSEK 1,679.0.
Paradox Interactive Interim Report: January – June 2021
The Paradox Interactive interim report for the first half of 2021 details the company’s financial performance and operational status during a period characterized by pandemic-related challenges and a strategic focus on long-term game development.
- Paradox Interactive reported a 13% decline in Q2 2021 revenue to MSEK 403.0 and a 44% drop in operating profit to MSEK 111.4 compared to the same period in 2020.
- Profitability was negatively impacted by a MSEK 42.0 write-down following the cancellation of an unannounced, externally developed project.
- The company maintains a stable cash position of MSEK 651.0 despite unfavorable currency fluctuations and pandemic-related development delays.
Paradox Interactive Interim Report: January – March 2020
The Paradox Interactive interim report for the first quarter of 2020 details a period of significant financial growth, characterized by a 68% increase in revenue to SEK 400.4 million compared to the same period in 2019.
- Paradox Interactive reported a 68% year-over-year revenue increase to SEK 400.4 million and a 164% rise in operating profit to SEK 165.9 million for Q1 2020.
- Financial performance was driven by record-breaking sales from three major expansions: La Résistance for Hearts of Iron IV, Federations for Stellaris, and Sunset Harbor for Cities: Skylines.
- The company increased investment in game development by 57% compared to the previous year to support upcoming titles including Crusader Kings III and Vampire: The Masquerade - Bloodlines 2.
Paradox Interactive Interim Report: January – June 2019
Paradox Interactive demonstrated significant financial expansion during the first half of 2019, characterized by record-breaking quarterly revenues and robust performance across its core PC gaming portfolio.
- Paradox Interactive achieved SEK 387.2 million in revenue for Q2 2019, a 30 percent year-over-year increase, with Q2 operating profits surging 55 percent to SEK 154.2 million.
- PC gaming remains the primary revenue driver, accounting for over 80 percent of total earnings for the first half of 2019.
- Total revenue for the first half of 2019 reached SEK 625.4 million, while operating profit for the same period was SEK 241.1 million.
Paradox Interactive Interim Report: Q1 2018
The Paradox Interactive interim report for the first quarter of 2018 details a period of significant financial growth and operational expansion.
- Paradox Interactive reported Q1 2018 revenue of SEK 267.0 million, a 120% increase year-over-year, with operating profit rising 270% to SEK 140.5 million.
- Financial performance was primarily driven by the release of Surviving Mars and ongoing expansions for core titles including Stellaris, Hearts of Iron IV, and Europa Universalis IV.
- The company expanded its development capabilities by acquiring a 33% stake in Seattle-based studio Hardsuit Labs for USD 2.0 million.
Year-End Report 2017: Paradox Interactive
Paradox Interactive’s 2017 year-end report highlights a period of significant financial growth and organizational expansion.
- Paradox Interactive achieved annual revenues of SEK 813.8 million in 2017, a 24% increase over the previous year, with operating profit rising 10% to SEK 339.8 million.
- Financial growth was driven by the sustained performance of core titles, specifically Cities: Skylines, Stellaris, Europa Universalis IV, Hearts of Iron IV, and Crusader Kings II.
- The company expanded its development capabilities through the acquisition of Triumph Studios and a 33% stake in Hardsuit Labs.
Paradox Interactive Interim Report: January – June 2017
Paradox Interactive demonstrated robust financial growth during the first half of 2017, characterized by significant revenue increases and strong operating margins.
- Paradox Interactive reported a 25% revenue increase to 410.7 million SEK and a 20% operating profit rise to 200.3 million SEK for the first half of 2017 compared to the same period in 2016.
- The company maintains a strong financial position with 253.2 million SEK in cash and cash equivalents and a 75% equity ratio as of June 30, 2017.
- Growth is driven by a core portfolio of established titles including Stellaris, Cities: Skylines, Europa Universalis IV, Hearts of Iron IV, and Crusader Kings II.
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