Paradox Interactive AB (publ) (PDX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to the quarter one interim report stream from Paradise Interactive with me, Fred, and I'm Alex Bricka, the CFO. Perfect. So as always, we start by going through all the projects that we've released or the releases for Q1. And then we go over to the numbers, which Alex will present to you. And then we'll do the Q&A. And we even got our first batch of AI-generated questions for this stream. So we're super happy to see that we're in the AI age finally. So that's me and we move on. It's a balanced, not to say a bit boring, first quarter with very few releases. Worth mentioning here, like Alex will probably mention as well, is that we have a small, small growth on revenue if we take foreign exchange into account because we see a bit of a weaker dollar compared to the same period last year. But overall, stable revenue, stable operating margin, and stable cash flow. So as we always say, I would say in these streams, we still are in control of our future, and we can do the investments we need to make. And if opportunities should arise, we're well prepared to take care of those as well. The big thing on the gaming front is the sentiment change of City Silence 2, which is now mostly positive in the last 30 days on Steam, meaning more than 70% positive reviews, and it impacts sales a bit in a good way. We're super happy with that. So our studio in Tampere, Iceflake, has made a great job of gathering the community and releasing a string of patches that has improved the quality of life on the product. Of course, there's still a lot of work to be done, and we look forward to a long life of this product with a lot of good products being released as well. And as I mentioned, it is a bit of a calm release quarter. Gearing up for the year to come, last yea...