Paradox Interactive Reports Record Revenue Growth Amid Quality Concerns

Despite a 34% increase in revenue for 2023, Paradox Interactive faces challenges with game quality and player satisfaction.

Paradox Interactive's revenue increased by 34% in 2023, reaching $252 million, with Cities: Skylines 2 surpassing 1 million copies sold.
Operating profit decreased by 26% year-over-year, with significant write-downs for The Lamplighters League impacting financial results.
The company reported a stable base of 6 million players but expressed dissatisfaction with the quality of recent game releases.
CEO Fredrik Wester commits to addressing quality issues and improving player satisfaction for future titles.
Paradox Interactive plans to support Cities: Skylines 2 for many years, despite mixed player reviews.