Paradox Interactive AB (publ)

Hello, everyone, and welcome to the Paradox Interactive quarter three of 2025 live stream with me. My name is Fred and I'm Alex.

I'm the CFO. Welcome, everyone.

Great. So as you can see, I'm not in the office today, so I'm on the road, but we will get this going anyways. And I hope you'll enjoy what you see. So let's start with the first slide. I can't control the slides. That's my name. So you know who I am or to direct the questions. It's been... It's been an intense period at Paradox. So a lot of the Q3 has been actually focused on preparing for Q4, which is the most intense and busy quarter in the history of Paradox with two new base game releases, one remaster of Surviving Mars. We have seven DLCs, four ports and seven content creator packs. So as you can imagine, our release team is put to the test as we speak. But Q3, speaking of that, it's a bit of a slower quarter as we've come to see them, fewer releases. And also you can see that the stronger Corona has worked in our disadvantage to a certain extent, which was expected because previously we've seen a historically high dollar. Also, some temporary cost increases stemming from different sources of more of a one-time nature. On a positive note, we can see that Age of Wonders 4 and Victoria 3 both have shown very positive player numbers, very positive retention numbers, and very positive... sales numbers when it comes to DLCs and attachment rate on the DLCs. So they continue what we call their path to endlessness. So we can continue to develop on these games for many years to come. And we continue to build capability in the management game segment with a couple of games coming out already next year, as you know. So very busy over here, or maybe not where I am right now, but at least in the Paradox office. So a couple of small releases in the quarter. You see on the strategy games, we had some releases for Stellaris, Age of Wonders 4, Victoria 3, and Crusader Kings 3 as well. And on the management game segment, it was a couple of smaller releases, content creative packs for Cities Skylines. So overall, quite calm. Good reception on what was released, but no... big dents in any curve to be had right here. And you've all been waiting for and wondering about Vampire the Masquerade Bloodlines 2. It's a long-awaited game and we're super happy to release it. And those who play the game are really happy with what they see. And that's great. We're not going to comment on anything more than that because it's only been 48 hours since release. But we focus currently on giving as good post-launch support as we can. But we're going to comment more on this game before year's end is at least our promise. to you guys. A couple of the releases, I said it was like 16 or 17 releases I counted on the previous slide. So the big one obviously being Europa Universalis 5, followed by Surviving Mars Remastered, and then big expansion packs and DLCs for Basically, all our key franchises, starting with Cities Skylines 2, Crusader Kings 3, Hearts of Iron 4, Age of Wonders 4, and Stellaris. So you have a lot to look forward to, those who play our games. It's a fantastic quarter to be a Paradox Interactive Gamer. And with that, I think I'm leaving the word to Alex, who's going to lead us through the numbers as per usual.