Paradox Interactive released its fourth quarter and full year 2022 financial results, highlighting its progress.
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 Vester, noted that profit before taxes amounted to 884 million Swedish kronor. 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 of Victoria 3, but other projects helped to achieve the result. In particular, Stardeus appeared in early access, Airport Simulator was released on iOS and Android, and some games received new additions. Finally, they also mentioned that Paradox is currently working on 15 projects