Paradox Interactive Full Year 2024 Earnings: Beats Expectations

Paradox Interactive (STO:PDX) Full Year 2024 Results

Key Financial Results

• Revenue: kr2.20b (down 17% from FY 2023).
• Net income: kr584.6m (up 10% from FY 2023).
• Profit margin: 27% (up from 20% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: kr5.54 (up from kr5.02 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Paradox Interactive Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

The primary driver behind last 12 months revenue was the USA segment contributing a total revenue of kr1.91b (87% of total revenue). Notably, cost of sales worth kr1.20b amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to kr223.9m (54% of total expenses). Explore how PDX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Entertainment industry in Sweden.

Performance of the Swedish Entertainment industry.

The company's shares are down 2.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Paradox Interactive's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.