Embracer Group Reports Significant Q1 Revenue Decline, Shifts Focus to Key IPs

Swedish gaming giant Embracer Group sees a 24% drop in net sales and plans strategic changes to boost profitability.

Net sales fell to SEK 7.9 billion ($754.8 million), a 24% year-over-year decline.
PC and console game sales decreased by 34%, attributed to fewer major releases compared to the previous year.
The company's Entertainment & Services segment experienced a 54% drop in sales.
Embracer plans to split into three publicly traded entities to optimize operations.
Upcoming releases include Kingdom Come: Deliverance II, Titan Quest II, and Killing Floor III.