Overview
- Paradox recorded a SEK 355.3 million write-down on Vampire: The Masquerade – Bloodlines 2 after the game missed commercial expectations.
- Q4 revenue rose 23% to SEK 874.8 million, yet operating profit came in at -SEK 245.4 million, with Europa Universalis V contributing but not covering the shortfall.
- For 2025, sales were roughly flat at SEK 2.2 billion while operating profit fell to SEK 146 million, an 80% year-on-year decline.
- Shares dropped nearly 14% following the earnings release, as management also flagged foreign-exchange headwinds that weighed on reported results.
- Paradox will support Bloodlines 2 with a February 11 update adding new cosmetics, enemy loot, and bug fixes, plus two paid DLCs in 2026, while noting reserves of 1,375.3 MSEK and operating cash flow of 513.2 MSEK.