Paradox set to eye ‘interesting acquisitions’ following strong 4th quarter
Paradox Interactive closed out the fourth and final quarter of its fiscal year with reports of steady year-on-year increases in both revenue and operating profit, in part due to the release of additional game expansions and DLC.
Thanks to this, and overall growth during the 2016 fiscal year, Paradox CEO Fredrik Wester notes that the company is in a comfortable position to take on larger investments and look at “interesting acquisitions” down the line.
Revenue for the fourth quarter came in at SEK 198.4 million (~$22 million), up 56 percent from the SEK 126.8 million (~$14.2 million) reported during the same period last year. Likewise, operating profit saw a 96 percent year-on-year increase settling in at SEK 85.9 million (~$9.6 million) f…