CEO of Paradox Fredrik Wester has admitted the publisher "made the wrong calls in several projects", following the cancellation of its The Sims competitor Life By You.
The game was cancelled back in June, and the internal studio behind the project, Paradox Tectonic, was closed.
Wester commented on Life By You as part of Paradox's latest financial earnings report, stating the cancellation was a "difficult decision... as the game would not be able to meet our expectations.".
He continued: "It is clear that we have made the wrong calls in several projects, especially outside of our core, and this must change.
Along with the cancellation of Life by You, Paradox previously received criticism for the launch of Cities: Skylines 2 due to its poor performance.
Paradox's future is bright, but we need to roll up our sleeves and work hard to fully realise the potential," concluded Wester.
The cancellation of Life by You has resulted in a 90 percent decrease in operating profit for its latest quarter, while revenue decreased by 22 percent year-on-year. »