Paradox Interactive Report: Profits more than halved

The Swedish company Paradox Interactive reported for the third quarter ended September 30, 2023. She reported a drop in financial performance.

Paradox Interactive 's quarterly revenue was $38.1 million . It has fallen by 7% compared to 2022.

▫️ The company's operating profit sank by 61% to $7.6 million .

The main market for the company remained the United States. There she earned $32.7 million. In her native Sweden, Paradox Interactive raised $760,000.

▫️PCs accounted for 77.6% of the company's revenue. Next are consoles (15.2%) and mobile devices (3.9%).

Paradox Interactive currently has 11 "active games" in its portfolio — projects for which fresh content is regularly released. Their MAU exceeds 5 million people.

Also in the report, Paradox Interactive recalled that it would write off part of the expenses spent on the creation of the failed The Lamplighters League. The impact of the game on pre-tax profit in the fourth quarter is expected to be $22.8 million.