Paradox Interactive Report: Stable revenue, staff reduction, Millennia has great potential
The Swedish company Paradox Interactive has released a financial report for the first quarter of 2024, which ended on March 31. We have chosen the main thing.
Millennia
- Paradox Interactive's revenue was 482.1 million Swedish kronor ($44.4 million). This is only 0.14% less than last year.
- The company's operating profit decreased, but also slightly — by 1% to SEK 154.4 million ($14.2 million).
- The United States accounted for 84.17% of Paradox Interactive's revenue. Sweden accounts for 3.84% of revenue.
- PC games generated 83.87% of Paradox Interactive's revenue. Console games took the second place in terms of revenue share — 12%, and mobile games closed the top three with a share of 2.73%.
- The most successful games in the first quarter were Cities: Skylines, Cities: Skylines II, Crusader Kings III, Hearts of Iron IV and Stellaris.
- Paradox Interactive has admitted that it has recently disappointed Cities: Skylines II fans. Most likely, we are talking about the failed Beach Properties add-on, which has 4% positive reviews on Steam. Now she is putting a lot of effort into improving the game.
- According to Paradox Interactive, the players met the Millennia released on March 26 ambiguously, but she sees great potential in the strategy.
- At the end of March, 594 people worked at Paradox Interactive. Compared to December 31, 2023, the company's staff was reduced by 55 employees.
