Paradox Interactive Reports 90% Drop in Q2 Operating Profit

The cancellation of 'Life by You' and closure of Tectonic Studio significantly impact financial results.

Operating profit fell to SEK 28.9 million, a 90% decrease year-on-year.
Q2 revenue dropped by 22% to SEK 575.8 million.
Write-downs from the canceled 'Life by You' amounted to SEK 208 million.
CEO Fredrik Wester cites 'mixed feelings' due to strong core business but poor performance in recent projects.
Paradox plans to focus on core genres and improve risk assessment for future projects.