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Paradox boasts of record-breaking Q2 revenue

Paradox boasts of record-breaking Q2 revenue

Swedish games giant Paradox Interactive has reported record-breaking revenue for the second quarter of this financial year.

In its report to investors, the company said that revenue rose by 20 per cent year-on-year to kr464.9m ($46.5m), while operating profit increased to kr199m ($19.9m).

This growth is seemingly down to the expansions that it has continued to release, with new content launching for Europa Universalis IV, Prison Architect and Age of Wonders: Planetfall during this period. CEO Ebba Ljungerud (pictured) also says that the COVID-19 coronavirus pandemic has helped its performance, too.

"COVID-19 has continued to be a significant element during the period where our employees are working from home since March," she said.

"During the latter part of summer we have seen that the positive trend we have noticed in regards to increased gaming has somewhat decreased. We have also noticed an impact on our productivity with the risk that primarily game titles which have not yet been communicated may be delayed.

"In summary, we leave an operational as well as financially successful quarter behind us with strengthened relationships with our fantastic fans. Through the acquisitions and recruitments we have made in recent months, we have many new colleagues to welcome when our summer holidays come to an end, which is something I am really looking forward to."


Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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