Embracer Group has published a financial report for July-September 2023. In it, the Swedish company reported that for the first time in history it fired about 900 people in a quarter — this is 5% of the staff. Despite everything, she is confident that as a result of the restructuring, she will only become stronger.
The main thing from the report:
Embracer Group closed the quarter with a net loss of $53 million. A year ago, it reported a profit of $225 million.;
Embracer Group's net sales amounted to $1.02 billion, which is 13% more compared to July-September 2022;
▫️the board games segment became the best in sales — $385 million. Growth by 25% in annual terms. Next are console and PC games ($369.7 million, -5%) and mobile games ($139 million, +2%);
▫️if we talk about quarterly sales of only new games for PC and consoles, they amounted to $ 132 million. This is one of the best indicators in the history of the company;
▫️Since its release on July 25, Remnant II has sold over 2 million copies. Net sales of the game exceeded $66 million;
Embracer Group has repulsed investments in Payday 3. The company expects that at the end of the year it will earn on the game, but not as much as it originally planned;
Sales of Jagged Alliance 3, Ride 5 and The Lord of the Rings: Return to Moria generally meet the expectations of Embracer Group. In turn, Trine 5: A Clockwork Conspiracy did not meet expectations;
▫️As of September 30, Embracer Group employed 15,701 people.