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    PDX   SE0008294953

PARADOX INTERACTIVE AB (PUBL)

(PDX)
  Report
Delayed Nasdaq Stockholm  -  12:29:34 2023-03-24 pm EDT
259.40 SEK   -2.41%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Paradox Interactive Acquires Academia: School Simulator, and Kicks Off First-Ever "Management Weekend" Steam Sale

03/24/2022 | 12:18pm EDT

New players can purchase games in the publisher's management catalog at up to an 80% discount and join more than 1.5 million monthly users

STOCKHOLM - March 24, 2022 -- Paradox Interactive is happy to announce the beginning of the Management Weekend: the first Steam Sale dedicated to Management titles. Starting today until March 28, the publisher invites you to celebrate the freedom, creativity, and joy of creation behind management games. 


You can check out the Management Weekend trailer here: https://youtu.be/OoWZEWqe6w4
 

Paradox Interactive revealed it acquired Academia: School Simulator from Squeaky Wheel Studio. The latest addition to the publisher's growing management portfolio is a cheerful, yet challenging, title that tasks players with building and managing a high school. Academia: School Simulator was created by Philippine game development studio Squeaky Wheel under the leadership of former CEO Ryan Sumo, who was also the artist behind Prison Architect's iconic art style. 

"I'm excited about this new step for Academia," says Ryan Sumo. "It took us nine months to launch it in Early Access, and since its release in 2017, we've been overwhelmed by the positive reviews and the support from the community. Academia: School Simulator will always hold a special place in the hearts of myself and my former coworkers at Squeaky Wheel. And thanks to Paradox, more people will get to discover our labor of love. I hope everybody will enjoy the game: can't wait to see some new students running down the hallways!"
 

Management Games By The Numbers
 

  • 1.5 million users are playing Paradox's management games every month
  • Cities: Skylines just celebrated its 7th anniversary, with more than 37 million hours played (that makes roughly 100 thousand years!). 
  • Surviving Mars welcomed more than 2 billion colonists - around 38% of Earth's current population moved to Mars! 
  • More than 40 million inmates managed to escape in Prison Architect. 
  • Over 4 million colonies popped up in the wastelands of Surviving the Aftermath. The game has also received a free update that adds new ways to play it and brings some of the most requested features and improvements.


"While our Grand Strategy Games are the backbone of Paradox, our Management games have grown to represent a remarkable segment of the company's portfolio," says Sandra Neudinger, VP of Business at Paradox Interactive. "We know that many of our players are looking for titles where they can express their creativity in a relaxed and optimistic way while still keeping that signature Paradox challenge. Our portfolio of Management games offers this experience to players in a variety of environments that is unmatched by any other games publisher. Paradox will continue to expand its Management catalog and become recognized as the leading publisher of the genre."
 

Steam Management Weekend Discounts
 

In addition to the games discounts, Paradox is offering a 20% discount on its famous "Build it bundle": this dynamic bundle considers the titles you already have in your library and deducts their cost for the final price.

The Management Weekend Sale will end on March 28th. Unleash your creativity, and become the next Master Builder!
For press assets, click here.

For additional information, please contact:

Fredrik Wester, CEO Paradox Interactive
Alexander Bricca, CFO Paradox Interactive
Email: ir@paradoxinteractive.com
Phone: +4670-355 54 18

About Paradox Interactive

The Paradox group today consists of both publishing and internal development of games and brands. The game portfolio includes more than 100 titles and Paradox owns the most important brands, including Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Prison Architect, Victoria, Age of Wonders and the World of Darkness catalogue of brands. From the start 2004, the company has published its games all over the world, initially through physical distribution but since 2006 primarily in digital channels. Paradox games are developed primarily for PC and console platforms, but the company also releases games on mobile. The largest markets today include the US, UK, China, Germany, France, Russia and Scandinavia. Today, over five million gamers play a Paradox game.

Paradox Interactive AB (publ)'s shares are listed on Nasdaq Stockholm First North Premier under ticker PDX. Certified Advisor: FNCA Sweden AB, info@fnca.se, +46-8-528 00 399. For more information, please visit www.paradoxinteractive.com.

https://news.cision.com/paradox-interactive-ab/r/paradox-interactive-acquires-academia--school-simulator--and-kicks-off-first-ever--management-weeken,c3529771

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 1 970 M 189 M 189 M
Net income 2022 697 M 66,8 M 66,8 M
Net cash 2022 738 M 70,7 M 70,7 M
P/E ratio 2022 39,3x
Yield 2022 0,40%
Capitalization 27 398 M 2 627 M 2 627 M
EV / Sales 2022 13,5x
EV / Sales 2023 11,4x
Nbr of Employees 656
Free-Float 43,8%
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Number of Analysts 5
Last Close Price 259,40 SEK
Average target price 210,60 SEK
Spread / Average Target -18,8%
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Managers and Directors
Per Fredrik Wester Chief Executive Officer
Alexander Bricca Chief Financial Officer
Thor Hňkan Sjunnesson Deputy Chairman
Charlotta Nilsson Chief Operating Officer
Mathias Hermansson Independent Director
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