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Paradox reports record quarterly revenues as Crusader Kings III sales top 1 million

Swedish publisher Paradox has reported record quarterly revenues thanks, in part, to the successful launch of Crusader Kings III.

Swedish publisher Paradox has reported record quarterly revenues thanks, in part, to the successful launch of Crusader Kings III, which amassed over 1 million sales in one month. 

According to the company's interim report for the quarter ended September 30, 2020, revenues increased by 75 percent year-on-year to SEK 494.8 million ($57.4 million), while operating profit rose by 102 percent to SEK 187.7 million ($21.7 million) over the same period. 

Explaining that upswing, Paradox chief exec Ebba Ljungerud said the recent quarter has "to a large extent been about the launch of Crusader Kings III," and praised the threequel for its positive critical and consumer reception, and for selling over 1 million units on PC. 

Ljungerud suggested those numbers are proof that sticking with franchises and methodically developing them over time can lay the groundwork for long-term success. 

"Crusader Kings III is, like most of our successful games, the result of several iterations of the game," they continued. "Often the first game in a franchise is not a success, but instead lays the foundation for future sequels by building a player base, a brand, and the knowledge to gradually de­velop better games."

Looking ahead to the next quarter, Paradox is preparing to launch a new strategy game, Empire of Sin, and said the project "represents a step outside our usual comfort zone with its role-playing elements and 1920s gangster theme."

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