Paradox Interactive AB (publ) (PDX) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.262 Hello and welcome to the year end report and quarter four 00:00:05.262 -- 00:00:08.288 report for Paradox Interactive. My name is Fred. 00:00:08.288 -- 00:00:10.954 I'm Alex Brycka. I'm the CFO. Welcome everyone. 00:00:10.954 -- 00:00:15.387 Welcome. So we'll take you through the releases and the numbers for the quarter. 00:00:15.387 -- 00:00:17.390 Yes, let's roll. 00:00:17.390 -- 00:00:21.295 And that's my name. And as 00:00:21.295 -- 00:00:23.518 you know, we had a very eventful last quarter. 00:00:23.518 -- 00:00:28.624 It was intense for many reasons. We had a lot of releases, first and foremost, 00:00:28.624 -- 00:00:32.730 so we released DLCs for all our major franchises. 00:00:32.730 -- 00:00:38.057 We created a good cash flow and a strong top line, where the results were hampered 00:00:38.057 -- 00:00:43.324 by a big write-off in the quarter. So we had a great release of Europa 00:00:43.324 -- 00:00:48.451 Universalis V, which took this franchise to the next level, and it also celebrated 00:00:48.451 -- 00:00:50.692 25 years 00:00:51.055 -- 00:00:55.181 last year, so it was a good time to release it as well. 00:00:55.181 -- 00:00:59.548 And we had some good results for a wider range of DLCs as well. 00:00:59.548 -- 00:01:04.194 Worth mentioning is the All Under Heaven DLC for Crusader Kings III that expanded the 00:01:04.194 -- 00:01:07.447 map all the way to Japan. 00:01:07.447 -- 00:01:12.716 And as I said, the profit line or EBIT is affected by a 00:01:12.716 -- 00:01:16.542 big write-down of the game Vampire the Masquerade Bloodlines 2. 00:01:16.542 -- 00:01:21.671 And we were also facing some foreign exchange headwinds with a stronger 00:01:21.671 -- 00:01:26.459 krona and a weaker dollar, among other things. 00:01:26...