Revenue Growth and Quarterly Ranking
Q4 revenue SEK 875 million vs SEK 709 million in Q4 2024, an increase of 23%. This was the company's second-best revenue quarter on record.
Very Strong Operating Cash Flow
Cash flow from operating activities of SEK 513 million in Q4, described as exceptionally strong and close to record levels.
Successful New Releases and DLCs
Major releases and DLC performance: Europa Universalis 5 (well received), Crusader Kings III 'All Under Heaven' (map expansion to Japan), Cities: Skylines II 'Bridges & Ports' (strong reviews and sales), Stellaris: Infernals, Age of Wonders: Thrones of Blood, Victoria 3 'Iberian Twilight', Surviving Mars relaunch (good retention). These releases materially contributed to revenue.
Expansion of Core IP and New Franchises
Victoria 3 and Age of Wonders 4 established as additional core franchises with growing player numbers and improved retention; both added to the list of top revenue contributors.
Strategic M&A and Bringing IP In-House
Acquisition of Haemimont Games and bringing Cities: Skylines in-house noted as strategic moves; Haemimont added ~55 employees and early positive community effects observed for Cities: Skylines.
Healthy Balance Sheet and Capital Return
Equity-to-asset ratio at 79% (down slightly from 82%); company proposed a dividend of SEK 5 per share, indicating excess cash being returned to shareholders.
Monthly Active Users and User Base
Monthly active users cited at ~6 million (management notes occasional spikes above this and preference to report only stable million-level milestones).