Embracer Group has shared its financial results for the three-month period ended September 30. The Swedish holding company also provided new details about its gaming business and the ongoing restructuring program that has already resulted in hundreds of job cuts.
Financial highlights
- According to its latest interim report, Embracer Groups net sales reached SEK 10.83 billion ($1.024 billion), up 13% year-over-year.
- The companys net loss was SEK 562 million ($53.18 million), compared to a net profit of SEK 2.38 billion ($225.3 million) in the same period last year.
- The Tabletop Games segment performed the best, with its revenue increasing by 25% year-over-year to SEK 4.07 billion ($385 million).
- It is followed by PC/Console ($369.7 mil…
Read the full article at: https://gameworldobserver.com/2023/11/16/embracer-group-q2-revenue-1-billion-layoffs-904-employees