February 6, 2024

Year-end report January – December 2023


  • Revenues amounted to MSEK 995.6 (MSEK 580.0), an increase by 72 % compared to the same period last year.

  • Operating profit amounted to MSEK 123.9 (MSEK 244.5), a decrease by 49 %. Write-downs of MSEK 175.8 (MSEK 0.0) are included in the operating profit.

  • Profit after financial items amounted to MSEK 131.3 (MSEK 244.2), and profit after tax amounted to MSEK 98.3 (MSEK 194.2).

  • Cash flow from operating activities amounted to MSEK 525.5 (MSEK 344.2), and cash flow from investing activities amounted to MSEK -146.6 (MSEK -251.7).

  • By the end of the period cash amounted to MSEK 1,098.0 (MSEK 747.5).

  • Earnings per share before dilution amounted to SEK 0.93 (SEK 1.84) and after dilution SEK 0.93 (SEK 1.84).

  • Revenues in the quarter are mainly attributable to Cities: Skylines II, Crusader Kings III, Hearts of Iron IV, The Lamplighters League and Stellaris.


  • Cities: Skylines II, developed by Colossal Order, was released to PC.

  • The Lamplighters League, developed by Harebrained Schemes, was released to PC and Xbox series X|S. After revised sales forecasts, it was decided to write down the game's remaining balanced development cost. The game's impact on profit before tax is MSEK -250.4 in the period.

  • Star Trek: Infinite, developed by Nimble Giant Games Entertainment, was released on PC.

  • New downloadable content was released to games during the period; Arms Against Tyranny to Hearts of Iron IV, Legacy of Persia to Crusader Kings III, King of Kings to Europa Universalis IV, Astral Planes to Stellaris, Empire & Ashes to Age of Wonders 4, Colossus of the South to Victoria 3, and Amelia the Queen to Across the Obelisk.

  • Stellaris Nexus and Space Trash Scavenger were released in Early Access.

  • Harebrained Schemes and Paradox decided to part ways at the turn of the year.

  • The Board proposes a dividend of SEK 3.00 (SEK 2.00) per share.


  • Revenues amounted to MSEK 2,642.1 (MSEK 1.972.9), an increase by 34 % compared to the same period last year.

  • Operating profit amounted to MSEK 657.9 (MSEK 887.1), a decrease by 26 %. Write-downs of MSEK 185.4 (MSEK 0.0) are included in the operating profit.

  • Profit after financial items amounted to MSEK 687.7 (MSEK 884.4), and profit after tax amounted to MSEK 530.6 (MSEK 708.7).

  • Earnings per share before dilution amounted to SEK 5.02 (SEK 6.71) and after dilution SEK 4.99 (SEK 6.70).


  • The new game Prison Architect 2, developed by Double Eleven, was announced.


2023 has been a year during which we’ve reached many milestones. 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.

Fredrik Wester, CEO of Paradox Interactive


6 February 12:00 PM CET Fredrik Wester, CEO, and Alexander Bricca, CFO, will host a livestream on Paradox’s YouTube channel to present the year-end report, and answer questions related to the report and the company’s financial performance, https://www.youtube.com/paradoxinteractive.

Questions may be submitted in advance via our forum or by e-mailing them to ir@paradoxinteractive.com. It will be possible to e-mail questions to **ir@paradoxinteractive.com** during the presentation.


If you miss the presentation, it will be posted on Paradox’s YouTube channel at a later time.

This disclosure contains information that Paradox Interactive AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 06-02-2024 08:00 CET.


For additional information, please contact:

Fredrik Wester, CEO Paradox Interactive

Alexander Bricca, CFO Paradox Interactive

Email: ir@paradoxinteractive.com

Phone: +4670-355 54 18