The Swedish company Paradox Interactive reported about the most profitable quarter in its history. The console versions of the Crusader Kings III strategy helped reach record highs between January 1st and March 31st, 2022.
In the first quarter of 2022, Paradox Interactive’s revenue was SEK 476.1 million (US$48.2 million), up 31% on the same period in 2021. Operating profit reached SEK 208.5 million (21.1 million US dollars), an increase of 125% over the same quarter last year, and net profit was 168.6 million SEK (17.1 million US dollars). The city building simulator Cities: Skylines as well as the strategy games Crusader Kings III, Europa Universalis IV, Hearts of Iron IV and Stellaris contributed significantly to the growth of the indicators.
On February 8th, Crusader Kings III received its first major expansion, the Royal Court, with a full throne room and an overhauled culture system. By mid-March, sales exceeded 1 million copies, and the main game – 2 million units. The DLC was a success despite mixed reviews steam (48% positive with a total of over 2600 ratings): Users are dissatisfied with the amount of content, price and technical condition. On March 29th, the strategy became available on PlayStation 5, Xbox Series X and S (on Microsoft consoles – also on Xbox Game Pass).
DLCs for other games were also released in the first three months of the year. On January 25th, Cities: Skylines released its first expansion in two years, Airports, which featured an airport design system, and on January 27th, Prison Architect received its Perfect Storm expansion that added natural disasters.
“The new releases and cost containment measures have helped us achieve the largest quarterly profit in the company’s history, said Fredrik Wester, CEO of Paradox Interactive. — This speaks to the strength of our business strategy and the effectiveness of change. The results show that we are on the right track. We are confident that we can work even better in the long term.”
Paradox Interactive is currently preparing new games within existing franchises, as well as add-ons and small experimental projects. Officially, only two main releases are known – the role-playing action Vampire: The Masquerade – Bloodlines 2 (the name of the studio to which he assigned the development, the publisher is not yet revealing) and the global strategy game Victoria 3, the Paradox Development Studio working on it. In terms of DLC, the Overlord expansion for Stellaris will be released on May 12th with new roles for minions, enclaves, megastructures and origins, and on May 31st Crusader Kings III will release the Fate of Iberia bundle with content for the Iberian Peninsula released .
New announcements and demonstrations will take place at the PDXCON 2022 event, taking place on September 2nd and 3rd in Stockholm.