By Migue Porter
Embracer Group THQQF recently reported its Q2 2022/2023 earnings, with net sales of $910 million – of which $390 million come from PC and console video games and $137 million come from smartphone games.
Embracer’s sales have grown exponentially: most recent numbers show a 190% increase in comparison with the previous financial year. Thus, these figures represent a contrast with the general decrease in the industry.
Organic Growth
In 2022, the company became a protagonist of the videogame industry as it acquired Crystal Dynamics (“Tomb Raider”) Eidos Montreal (“Deus Ex”) and Square Enix Montreal. In addition, Embracer announced the expansion of the Gearbox studio (“Borderlands”) and the launch of several projects for PC and diverse consoles.
The…
