Paradox Interactive AB
(OTCPK:PRXXF)
$
18.3
0 (0%)
Market Cap: 1.91 Bil
Enterprise Value: 1.81 Bil
PE Ratio: 55.00
PB Ratio: 7.90
GF Score: 84/100 
Q3 2024 Paradox Interactive AB (publ) Earnings Call Transcript
Oct 31, 2024 / 11:00AM GMT
Release Date Price:
$18.3
Key Points
Positve
- Revenue increased by 2% compared to last year's Q3, reaching SEK434 million.
- Operating profit significantly improved to SEK143 million from SEK85 million in the previous year.
- The company has strengthened its publishing division by creating a dedicated team for third-party projects.
- Paradox Interactive AB (PRXXF) has a strong pipeline with eight main games in development, excluding Paradox Arc projects.
- The company has reduced development CapEx significantly, focusing on smaller, high-risk projects with a more prudent financial approach.
Negative
- The Swedish krona's performance negatively impacted revenue by 3-4% due to unfavorable exchange rates.
- The company experienced a big negative working capital outflow due to the Expansion Pass setup and vacation salaries.
- There were no major game releases in Q3, which is typically a slow quarter for the company.
- The company had to delay the release of Prison Architect 2 to ensure quality, impacting potential revenue.
- Challenges remain in the publishing side, with mixed results from third-party titles.
Frederik Wester;publ;Chief Executive Officer
Paradox Interactive AB;Director
()- -
Hello, and welcome to the Q3 report 2024 for Paradox Interactive. With me, Fred and --
Alexander Bricca;publ;Chief Financial Officer
Paradox Interactive AB
()-
I'm Alex, the CFO. Welcome.
Frederik Wester;publ;Chief Executive Officer
Paradox Interactive AB;Director
()- -
Welcome. So we're going to take you through the numbers and the releases of this quarter a bit of an uneventful story this time.
Alexander Bricca;publ;Chief Financial Officer
Paradox Interactive AB
()-
Like Q3 often is for us.
Frederik Wester;publ;Chief Executive Officer
Paradox Interactive AB;Director
()- -
It is because we kind of -- we have a tendency not to release much in August because it
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