Paradox Interactive AB (PRXXF) Q4 2024 Earnings Call Transcript

2025-02-06 13:14:05 ET

Paradox Interactive AB (PRXXF)

Q4 2024 Results Conference Call

February 06, 2025 06:00 AM ET

Company Participants

Fredrik Wester - Founder, Director & Chief Executive Officer

Alex Bricca - Chief Financial Officer

Presentation

Fredrik Wester

Hello, everyone, and welcome to the Q4 and Year-End Report from Paradox Interactive. With me, Fred…

Alex Bricca

And I'm Alex. Welcome, everyone.

Fredrik Wester

Welcome. So we're going to guide you through the numbers and some of the releases and some of the comments as well. I'll just warn you a bit upfront. We also made an acquisition today, it became -- it came through, Haemimont Games. And we're not going to talk about Haemimont Games in this stream. So if you want to have more information about that, you will have to follow our newsletter or our postings in the future. So we will hopefully announce something that we have going on together.

But with that said, let's dig into the report. As always -- very good. So we're -- Q4 has been a great quarter for us. So we're ending the year confident about what's to come. We have many strong releases. We released basically DLCs for all our major franchises, except for Europa Universalis IV in this quarter, which shows both on the top line and on the bottom line. We also have a number of good marketing activities. We changed some in the pricing structure, and we've done a lot of good jobs all across the company, which led to this result.

And last but not least is also the exchange tailwinds from currency gains from a weaker krona in this quarter. But also this shows as well that the difference between the quarters is quite big. So we had a great EBIT result now because we had no write-offs at all, and we take more and more costs upfront as well. So hopefully, in the future, we're going to avoid these big changes, and you're going to see a more consistent result on the bottom line. So at least that's our goal....

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