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Crusader Kings III Helps Paradox Interactive Revenue Record, and Empire of Sin Falls Below Expectations
The Swedish company Paradox Interactive has released a report on the results of its financial activities in the last quarter of last year (October 1 — December 31) and 2021. Annual revenue has grown significantly — thanks in large part to the strong sales of the Crusader Kings III strategy. At the same time, another strategy, Empire of Sin, did not live up to the publisher’s expectations.
Crusader kings iii
Last year, the company received 1.794 billion Swedish kronor ($ 215.5 million) in revenue, which is 39% more than a year earlier. Operating profit increased 33% to SEK 632.1 million ($ 75.9 million). During the year, 614 million SEK ($ 73.8 million) were invested in the production of games — 45% more than in 2021. The monthly number of active players has increased by 25% and is now over 5 million. Paradox account with 18 million users.
The situation with COVID-19 negatively affected the development of many games published by the publisher. For the same reason, at the end of the year, the company canceled a certain unannounced project. The biggest setback is associated with Vampire: The Masquerade — Bloodlines 2: due to the unsatisfactory quality of the game, it was decided to transfer the development to another studio, and postpone the release to 2022. Last quarter operating profit fell 51% to SEK 79.5 million ($ 9.5 million).
According to Paradox CEO Ebba Ljungerud, 2021 was the most successful year in the company’s history, despite all the difficulties. Crusader Kings III, which was released on September 1, played a special role in the growth of indicators. Global strategy breaks publisher’s records for sales (over 1 million copies in the first month) and number of concurrent players (98,474). The game was highly appreciated by both journalists and users: the average score on Metacritic is 91/100, and the reviews on Steam are described as «very positive» (more than 32 thousand. reviews). The project will be supported with new content for several years.
Among the games that helped Paradox increase revenue were the city-building simulator Cities: Skylines and the global strategy games Europa Universalis IV, Hearts of Iron IV and Stellaris.
Empire of sin
Jungerud Says Empire of Sin Released on December 1 Did Not Live Up to Company Expectations. The 1920s Chicago Mafia strategy from Romero Games, founded by John Romero and his wife Brenda, disappointed executives not only because of low sales — they were dissatisfied with the quality of the game and customer reviews. Paradox vows to keep releasing updates to keep the project on track. The game has a Metacritic rating of 43-67 / 100 and has mixed reviews on Steam (based on 2.6K. reviews).