Embracer Consolidation Is Having an Effect but Is Not Yet Over
Embracer's balance sheet figures are still shaped by the group's consolidation and diversification. Organically, it even grew in the third quarter, thanks to DECA Games and Plaion's third-party business. However, further changes are still to come.
The raw figures published by the Embracer Group in its preliminary quarterly report paint a bleak picture. Revenue in the third quarter of the fiscal year, which ran from October to December 2024, fell by 3 per cent to SEK 7.36 billion, equivalent to EUR 652 million at current exchange rates. Including the first two quarters of the current fiscal year, Embracer generated revenue of SEK 16.98 billion (around EUR 1.5 billion), marking a year-on-year decline of 22 per cent. EBIT turned positive in the third quarter, but for the first nine months of the fiscal year, it still shows a loss of SEK 787 million (around EUR 70 million).