Paradox Interactive AB (publ) (PDX) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:05.400 Hello and welcome to the presentation of the Q2 report 00:00:05.400 -- 00:00:08.600 for 2025 for Paradox Interactive. My name is Fred. 00:00:08.600 -- 00:00:10.500 And I'm Alex. Welcome everyone. 00:00:10.500 -- 00:00:15.560 And we're going to take you through the numbers and the releases of a pretty uneventful 00:00:15.560 -- 00:00:19.200 quarter in the history of Paradox Interactive, we must say anyways. 00:00:19.200 -- 00:00:20.980 But we 00:00:20.980 -- 00:00:22.880 always want to present our quarters, right? 00:00:22.880 -- 00:00:27.300 That's me. I always have my first, so people know who I am. 00:00:27.300 -- 00:00:32.920 So you can summarize this quarter as that we're building step by step for the future. 00:00:32.920 -- 00:00:38.620 So like we said, no major events taking place, but a good mix of different 00:00:38.620 -- 00:00:40.620 releases, 00:00:40.740 -- 00:00:46.000 a couple of new game ideas tested by Paradox Arc, but mostly building actually for 00:00:46.000 -- 00:00:51.000 the releases to come. And we also postponed the Bridges and 00:00:51.000 -- 00:00:56.100 Ports expansion for Cities Skylines 2, which lowered the revenue 00:00:56.100 -- 00:00:58.620 and profit a bit. 00:00:58.620 -- 00:01:03.620 But we still stand at, if you take rolling 12 months backwards, we still stand at a 00:01:03.620 -- 00:01:07.660 healthy profit margin of 41%. 00:01:07.660 -- 00:01:12.940 So we had two good launches with Age of Wonders 4 and Victoria 3. 00:01:12.940 -- 00:01:16.120 And Victoria 3 is now in a very positive sentiment in the market. 00:01:16.120 -- 00:01:22.740 And we are really happy to see that it joins one of the 00:01:23.040 -- 00:01:28.140 portfolio games as what we call the evergreen games that we continue to devel...