Embracer Group announced its financial results for the second quarter of the fiscal year, 2024/25, related to the period between July and September.
According to the
press release, net sales were SEK 8,552 million, down 21% year-on-year. EBIT (basically profit) wasd down sharply from SEK 468 million, up from a loss o SEK 836 million, but adjusted EBIT (which removes one-time, irregular, and non-recurring items) was actually down 33% year-on-year.
Sales for PC and Console Games dropped 46% year-on-year. Sales for Mobile Games decreased 8% year-on-year. Tabletop Games decreased 6% year-on-year. Entertainment & Services dropped 10% year-on-year.
We also hear that Embracer has sold its Easybrain mobile studio to Miniclip for $1.2 billion cash.
The transaction for the sale of the puzzle game-focused studio is expected to close in the first months of 2025 pending regulatory approval and all that jazz.