The Swedish publisher had a fantastic year.
Thanks to the efforts of several key studios, one of the most pleasant surprises for the latter part of this generation of consoles has been the return of the mid-range title, something that felt lacking in the last few years. One of those studios is Paradox Interactive and, based on last year’s financials, it seems they’ve been rewarded pretty well for it.
As reported by GamesIndustry, Paradox saw a rise in both their revenue and their profit last year. Despite increasing both marketing and development spending, their post-tax profit for 2019 was up 5.7% to $38.3 million, while quarterly profit was up 14.1% year-on-year to $13.4 million. Paradox’s annual revenue also saw a nice boost to 14% year over year to $132 million, while Q4 revenue was up 13% to $39 million.
Paradox also has two big titles coming up this year with Crusader Kings 3 and Vampire: The Masquerade – Bloodlines 2, as well as several other smaller titles. Hopefully, the company can continue their strong streak this year.