Revenue up 34% at Paradox in 2023

Revenue up 34% at Paradox in 2023

Swedish games firm Paradox Interactive reported a 34 per cent increase in revenue for the 2023 calendar year.

In its release to investors, the company reported SEK2.6 billion ($248 million) in revenue, while profit clocked in at SEK688 million ($65.6 million). That's a three per cent decrease year-on-year.

For the quarter ending December 31st, 2023, Paradox's revenue was up 72 per cent to SEK995.6 million ($95 million), though profit plummeted down 46 per cent to SEK131 million ($12.5 million).

During 2023, Paradox reports bringing in six million players for the year.

"2023 has been a year during which we’ve reached many milestones," Paradox Fredrik Wester (pictured) said.

"We set a new revenue record, in the full year and in the quarter, we have stably more than six million players and we end the year with a very strong financial position. At the same time, we’re unable to relax. EBIT is at a level we are not happy with after a large write-down, and the quarter's game releases have not held the quality we want. There is certainly potential to reach even higher."

PCGamesInsider Contributing Editor

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 joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.