- Paradox Interactive has 13 games in its pipeline, with many of them yet to get a reveal.
- Among these titles, several will release in 2023 in the form of Life by You, Cities: Skylines II, and Age of Wonder IV.
- The studio made $42.4 million in revenue this quarter with a profit declining by 25%.
Besides its 11 active games, Swedish video game publisher Paradox Interactive currently has a staggering 13 brand-new titles in development. At least five of these games are going to launch in 2023, starting with Age of Wonders 4 next month. This pipeline also includes highly anticipated games like the supposed Sims-killer Life by You and the sequel to Cities: Skylines.
Paradox Interactive revealed this info in its 2023 Quarter 1 financial earnings report. The company made a revenue of $42.4 million in this quarter, a 1% increase compared to Q1 2022. But, the operating profit declined by 25% to $13.7 million in 2023 as opposed to last year. However, with the number of games the publisher is releasing in the coming months, the numbers are expected to go up.
As Paradox says itself, 2023 is going to be an intense year for the publisher. The Stellaris creator announced several games from its pipeline that would release this year at the Paradox Interactive show in March. Cities: Skylines II, the sequel to the 2015 city-builder from Colossal Order, was probably the biggest announcement of the lot. But, arguably the most exciting project on the list was the life simulation game Life by You.
The game’s showcase trailer became an instant hit with many fans calling Life by You more in-depth than The Sims. Considering how Rod Humble, former head of The Sims brand, developed the game for Paradox, this isn’t a surprise. However, Life by You is just one of the many exciting games Paradox is launching this year. Knights of Pen and Paper already came out back in March as the true sequel to the retro adventure.
Other titles coming out in 2023 include the sci-fi auto battler Mechabellum releasing on May 11 and Age of Wonders 4 releasing on May 2. The Lamplighter League is another exciting title with its strategic turn-based combat taking place in an alternate stylish 1930 setting. Therefore, with so many new games releasing in the coming months, Q1 was more of a warm-up for the Swedish publisher.
Paradox also mentions in the report that titles like these greatly strengthen the studio’s strategy portfolio. And, as one of the premier developers of strategy and management games on PC and console, such investment is required. In the financial report, the Swedish studio also mentions how it has more than 5 million monthly active users across all its titles.
Surviving Mars, Cities: Skylines, Stellaris, Crusader Kings III, and Prison Architect are mentioned among the company’s most popular games. In this quarter, Victoria 3, Hearts of Iron IV, Stellaris, Crusader Kings III, and Cities: Skylines were the main drivers of profit as per the documents. With Paradox only releasing expansions and pushing major releases to other quarters, this isn’t a surprise.
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