Embracer Group Faces Significant Revenue Decline Amid Restructuring Efforts

The Swedish gaming conglomerate reports a 21% drop in Q2 net sales while divesting assets and reducing workforce.

Embracer's Q2 net sales fell to SEK 8.55 billion, marking a 21% decrease from the previous year, largely due to underperformance in the PC and console games segment.
The company is selling its mobile games subsidiary Easybrain to Miniclip for $1.2 billion, which is expected to significantly reduce Embracer's net debt.
Embracer's restructuring has resulted in a workforce reduction from 15,701 to 10,450 employees, with major divestments including Gearbox and parts of Saber Interactive.
CEO Lars Wingefors highlighted the upcoming release of Kingdom Come: Deliverance 2 in February 2025 as a key focus for future growth.
Despite setbacks, Embracer remains optimistic about its long-term value creation, with plans to spin off Asmodee and other divisions into separate entities by 2025.