Paradox Interactive reported a 162% drop in operating profit for Q4 2025, posting a loss of $27.7 million after writing down $40.1 million for Vampire: The Masquerade Bloodlines 2, which failed to meet commercial expectations. Despite this, revenue increased 23% year-on-year to $98.7 million, driven by the successful launch of Europa Universalis V. The company is refocusing its strategy and reallocating resources following the troubled development of Bloodlines 2, which changed developers from Hardsuit Labs to The Chinese Room during its lengthy production.
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