Sweden's Paradox Interactive Q1 revenue falls less than expected

Paradox Interactive AB (publ)

30/04/2026 07:13

Overview

Sweden strategy game maker's Q1 revenue fell 7% yr/yr but beat analyst expectations

Adjusted EPS for Q1 declined yr/yr

Company applied for Nasdaq Stockholm main market listing, pending exchange approval

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

GAME PORTFOLIO - Revenue in the quarter was primarily attributed to established titles including Age of Wonders 4, Cities: Skylines, Cities: Skylines II, Crusader Kings III, Europa Universalis V, Hearts of Iron IV, Stellaris, Vampire: The Masquerade - Bloodlines 2, and Victoria 3

GAME UPDATES - Co said improvements to Cities: Skylines II based on player feedback led to better user reviews, per CEO Fredrik Wester

NEW CONTENT RELEASES - New downloadable content was released for several games during the period

Company press release: ID:nWkr8RYzwR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
SEK 431.10 mln
SEK 419 mln (5 Analysts)
Q1 EPS
SEK 0.82
Q1 Net Income
SEK 86.20 mln
Q1 OPprating Cash Flow
SEK 308.70 mln
Q1 EBIT
SEK 100.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Paradox Interactive AB (publ) is SEK160.00, about 16.9% above its April 29 closing price of SEK136.90

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)