Paradox Interactive AB (publ) (PDX) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.277 Hello, and welcome to the Q1 2025 00:00:04.277 -- 00:00:07.502 report for Paradox Interactive with me, Fred. 00:00:07.502 -- 00:00:09.465 And I'm Alex. Welcome, everyone. 00:00:09.465 -- 00:00:13.951 And we're going to walk you through what we've been doing during the quarter and the 00:00:13.951 -- 00:00:18.618 numbers for the quarter as well. So we can just jump right into it. 00:00:18.618 -- 00:00:23.685 That's me. Good start. Good start. Yeah. So this is what we would refer to 00:00:23.685 -- 00:00:27.611 as a bit of a slow quarter. Not a lot of releases, but still stable. 00:00:27.611 -- 00:00:31.737 So... Despite few releases, we have a good cash flow. 00:00:31.737 -- 00:00:36.003 We've been facing, for the first time in a couple of years, some currency headwinds, 00:00:36.003 -- 00:00:40.049 and we also had an acquisition, so that's probably the major thing that happened in the 00:00:40.049 -- 00:00:41.631 quarter. 00:00:41.631 -- 00:00:45.977 So we completed the acquisition of Heymemont Games, which is totally in line with the 00:00:45.977 -- 00:00:50.403 strategic intent we have to expand into the management segment of games. 00:00:50.403 -- 00:00:55.473 And at almost the same time, we also acquired, this is outside the quarter though, 00:00:55.473 -- 00:00:59.721 we acquired Stranded Alien Dawn, which is a game that Hememont has developed together 00:00:59.721 -- 00:01:04.791 with Frontier Developments. So we bought all the publishing rights and all other rights 00:01:04.791 -- 00:01:10.535 as well from Frontier. It was effective date April 1st. 00:01:10.535 -- 00:01:12.057 And 00:01:12.057 -- 00:01:16.422 apart from that, focus on what's ahead. We announced three expansion passes for three 00:01:16.422 -- 00:01:18.624 of...