Paradox Interactive AB (publ) (PRXXF) Q1 2025 Earnings Call (Transcript)

2025-04-24 16:29:51 ET

Paradox Interactive AB (publ). (PRXXF)

Q1 2025 Earnings Conference Call

April 24, 2025, 06:00 AM ET

Company Participants

Fredrik Wester - Founder, Director & Chief Executive Officer

Alex Bricca - Chief Financial Officer

Conference Call Participants

Presentation

Fredrik Wester

Hello and welcome to the Q1 2025 report for Paradox Interactive with me, Fred.

Alex Bricca

And I'm Alex. Welcome everyone.

Fredrik Wester

And we're going to walk you through what we've been doing during the quarter and the numbers for the quarter as well. So we can just jump right into it. That's me.

Alex Bricca

Good start.

Fredrik Wester

Good start. Yes. So this is what we would refer to as a bit of a slow quarter. Not a lot of releases, but still stable so despite few releases, we have a good cash flow, we've been facing for the first time in a couple of years, some currency headwinds. And we also had an acquisition, so that's probably the major thing that happened in the quarter.

So we completed the acquisition of Haemimont Games, which is totally in line with the strategic intent we have to expand into the management segment of games. And at almost the same time we also acquired. This is outside the corridor, we acquired Stranded: Alien Dawn, which is a game that Haemimont has developed together with Frontier Developments. So we bought all the publishing rights and all other rights as well from Frontier. It was effective date April 1, and apart from that, focus on what's ahead.

We announced three expansion passes for three of our key IP and they're doing really well. So we're happy with that. And we have a lot more other things coming as well. ...

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