Paradox Interactive AB (publ)

Hello and welcome to the presentation of the Q2 report for 2025 for Paradox Interactive. My name is Fred.

And I'm Alex. Welcome everyone.

And we're going to take you through the numbers and the releases of a pretty uneventful quarter in the history of Paradox Interactive, we must say anyways. But we always want to present our quarters, right? That's me. I always have my first, so people know who I am. So you can summarize this quarter as that we're building step by step for the future. So like we said, no major events taking place, but a good mix of different releases, a couple of new game ideas tested by Paradox Arc, but mostly building actually for the releases to come. And we also postponed the Bridges and Ports expansion for Cities Skylines 2, which lowered the revenue and profit a bit. But we still stand at, if you take rolling 12 months backwards, we still stand at a healthy profit margin of 41%. So we had two good launches with Age of Wonders 4 and Victoria 3. And Victoria 3 is now in a very positive sentiment in the market. And we are really happy to see that it joins one of the portfolio games as what we call the evergreen games that we continue to develop over time. So the reviews on Steam has changed to mostly positive and the new expansion received the highest for DLC in many years for the highest for a Victoria 3 DLC ever. We also released for Stellaris the base game and updated the base game as well and released a DLC for it. Oops. But mostly we're looking forward to talking more about, yeah. Did we