Brief: Paradox Interactive Q3 Operating Result Turns To Loss Of SEK 44.6 Mln

Paradox Interactive AB (publ)

16/11/2021 07:07

Nov 16 (Reuters) - Paradox Interactive AB (publ)  PDXI.ST :
    * Q3 REVENUE SEK 289.4 MILLION VERSUS SEK 494.8 MILLION YEAR
AGO
    * Q3 OPERATING LOSS 44.6 SEK MILLION VERSUS PROFIT  SEK
187.7
MILLION YEAR AGO
    * WE UNDERPERFORM ON SEVERAL IMPORTANT KEY FIGURES AS WELL
AS
QUALITY STANDARD WE'VE SET FOR OUR PRODUCTS
    * WE HAD DELAYS IN GAME DEVELOPMENT WHICH LED TO TOO FEW
RELEASES
OF NEW CONTENT FOR OUR CORE GAMES.
    * OUR INTERNAL DEVELOPMENT WILL TAKE PRECEDENCE IN FUTURE
INVESTMENTS
    * WE WILL TAKE A MORE CONSERVATIVE STANCE ON EXTERNAL
DEVELOPMENT

Source text for Eikon:  ID:nWkr8pHZzy 
Further company coverage:  PDXI.ST 

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