Paradox Interactive AB (publ) (PDX) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.176 Hello, everyone, and welcome to the Paradox Interactive quarter three of 2025 00:00:05.176 -- 00:00:09.200 live stream with me. My name is Fred and I'm Alex. 00:00:09.200 -- 00:00:12.341 I'm the CFO. Welcome, everyone. 00:00:12.703 -- 00:00:17.528 Great. So as you can see, I'm not in the office today, so I'm on the road, but we will 00:00:17.528 -- 00:00:21.872 get this going anyways. And I hope you'll enjoy what you see. 00:00:21.872 -- 00:00:24.814 So let's start with the first slide. I can't control the slides. 00:00:24.814 -- 00:00:29.897 That's my name. So you know who I am or to direct the questions. 00:00:30.187 -- 00:00:34.459 It's been... It's been an intense period at Paradox. 00:00:34.459 -- 00:00:39.584 So a lot of the Q3 has been actually focused on preparing for Q4, which is 00:00:39.584 -- 00:00:44.669 the most intense and busy quarter in the history of Paradox with two new base game releases, 00:00:44.669 -- 00:00:49.693 one remaster of Surviving Mars. We have seven DLCs, four ports and seven 00:00:49.693 -- 00:00:54.758 content creator packs. So as you can imagine, our release team is put to the 00:00:54.758 -- 00:00:57.740 test as we speak. 00:00:57.740 -- 00:01:03.770 But Q3, speaking of that, it's a bit of a slower quarter as we've come 00:01:03.770 -- 00:01:08.925 to see them, fewer releases. And also you can see that the stronger Corona has 00:01:08.925 -- 00:01:13.699 worked in our disadvantage to a certain extent, which was expected because previously 00:01:13.699 -- 00:01:18.841 we've seen a historically high dollar. Also, some temporary cost 00:01:18.841 -- 00:01:23.951 increases stemming from different sources of more of a 00:01:23.951 -- 00:01:26.175 one-time nature. 00:01:26.175 -- 00:01:30.724 On a pos...