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Embracer Group Revenue Soars After Acquisitions
For the fiscal year ended 3/31/23 the Embracer Group (EMBRAC-B.ST) saw sales grow 121% to SEK 37,665 million (about $3.5 billion). The growth was driven by major acquisitions the company made during the year. Organic growth was 2% for the fiscal year and -4% in the fourth quarter.
The company also announced that they received indications that a major partnership they were working on looked like it might not materialize. Embracer lowered its EBIT forecast for fisca…..
For the fiscal year ended 3/31/23 the Embracer Group (EMBRAC-B.ST) saw sales grow 121% to SEK 37,665 million (about $3.5 billion). The growth was driven by major acquisitions the company made during the year. Organic growth was 2% for the fiscal year and -4% in the fourth quarter. The company also announced that they received indications that a major partnership they were working on looked like it might not materialize. Embracer lowered its EBIT forecast for fiscal 20…..
For the fiscal year ended 3/31/23 the Embracer Group (EMBRAC-B.ST) saw sales grow 121% to SEK 37,665 million (about $3.5 billion). The growth was driven by major acquisitions the company made during the year. Organic growth was 2% for the fiscal year and -4% in the fourth quarter. The company also announced that they received indications that a major partnership they were working on looked like it might not materialize. Embracer lowered its EBIT forecast for fiscal 20…..
High Expectations for Embracer Group
The Embracer Group continued to make some big acquisition moves in 2022. This included buying board game company Asmodee for $3 billion and getting the Eidos/Crystal Dynamic properties from Square Enix.
Unfortunately, Embracer’s biggest video game release of 2022, a remake of THQ’s Saints Row, was a disappointment. Overall Embracer Group stock was down 50% in 2022. This compares with an average decline of 30% for the DFC Intelligence Video Game Stock Index
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The Embracer Group continued to make some big acquisition moves in 2022. This included buying board game company Asmodee for $3 billion and getting the Eidos/Crystal Dynamic properties from Square Enix. Unfortunately, Embracer’s biggest video game release of 2022, a remake of THQ’s Saints Row, was a disappointment. Overall Embracer Group stock was down 50% in 2022. This compares with an average decline of 30% for the DFC Intelligence Video Game Stock Index …..
The Embracer Group continued to make some big acquisition moves in 2022. This included buying board game company Asmodee for $3 billion and getting the Eidos/Crystal Dynamic properties from Square Enix. Unfortunately, Embracer’s biggest video game release of 2022, a remake of THQ’s Saints Row, was a disappointment. Overall Embracer Group stock was down 50% in 2022. This compares with an average decline of 30% for the DFC Intelligence Video Game Stock Index …..
Embracer Group Revenue Grows Via Acquisition
For the first six months of fiscal 2023 ending 9/30/22, Embracer Group (EMBRAC-B.ST) saw net sales grow 148% from the first six months of FY 22 to SEK 16,687. In the second quarter ending 9/30 revenue grew 190% to SEK 9,569.
PC/Console games accounted for 38% of revenue, mobile games were 18%, tabletop games were 35% and entertainment services were 9%.
Analysis
Sweden-based Embracer Group has been on an acquisition spree the past few years…..
For the first six months of fiscal 2023 ending 9/30/22, Embracer Group (EMBRAC-B.ST) saw net sales grow 148% from the first six months of FY 22 to SEK 16,687. In the second quarter ending 9/30 revenue grew 190% to SEK 9,569. PC/Console games accounted for 38% of revenue, mobile games were 18%, tabletop games were 35% and entertainment services were 9%. Analysis Sweden-based Embracer Group has been on an acquisition spree the past few years…..
For the first six months of fiscal 2023 ending 9/30/22, Embracer Group (EMBRAC-B.ST) saw net sales grow 148% from the first six months of FY 22 to SEK 16,687. In the second quarter ending 9/30 revenue grew 190% to SEK 9,569. PC/Console games accounted for 38% of revenue, mobile games were 18%, tabletop games were 35% and entertainment services were 9%. Analysis Sweden-based Embracer Group has been on an acquisition spree the past few years…..
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