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Paradox Interactive profits drop YOY 90% due to Life By You cancellation (www.gamesindustry.biz)

posted 118 days ago by dagthegnome 118 days ago by dagthegnome +29 / -2

Paradox Interactive profits drop 90% due to Life By You cancellation

Paradox Interactive's profits have significantly dropped by 90% following the cancellation of Life By You. The publishe…

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– Isolated_Patriot 2 points 118 days ago +2 / -0

The bottom line is sadly weighed down by the write-down of Life By You

As for overall revenue, it fell by 22%

This is a big blow, but it's not as bad as it sounds. They just deducted the loss of LBY from their gains this quarter. All bills and payroll is still being paid, and next quarter they will brag about the increased profit margin while announcing whatever new project is going to replace LBY.

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