Sweden's Paradox Q4 revenue rises 23% but misses estimates

Paradox Interactive AB (publ)

29/01/2026 07:11

Overview

Swedish game developer's Q4 revenue rose 23% yr/yr but missed analyst expectations

Operating profit fell due to write-downs of Vampire: The Masquerade - Bloodlines 2

Company released Europa Universalis V and Vampire: The Masquerade - Bloodlines 2

Outlook

Paradox Interactive to strengthen strategic focus and reallocate resources

Company sees Europa Universalis V as laying strong foundation for future growth

Result Drivers

GAME RELEASES - Revenue growth driven by new game releases including Europa Universalis V and Vampire: The Masquerade - Bloodlines 2

WRITE-DOWNS - Operating profit impacted by write-downs of Vampire: The Masquerade - Bloodlines 2, which did not meet commercial expectations

STRATEGIC FOCUS - CEO noted a shift towards reallocating resources and strengthening future investments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
SEK 874.80 mln
SEK 985.67 mln (6 Analysts)
Q4 Adjusted EPS
-SEK 1.91
Q4 Net Income
-SEK 201.40 mln
Q4 Adjusted Free Cash Flow
SEK 513.20 mln
Q4 EBIT
-SEK 245.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "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 SEK190.00, about 27.9% above its January 28 closing price of SEK148.50

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nWkr35QDXw

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(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.)