Embracer Still Struggling, Despite Cutting Thousands of Jobs

Net sales down 23% year-on-year.It's been a little while since we checked in on Embracer Group, and with the publishing giant having posted its Q2 financial results, now seems as good a time as any. Despite cutting thousands of jobs and attempting to right the ship, Embracer reports significant declines across the board, with the all-important PC/console games segment performing especially poorly.GamesIndustry.biz pored over the data, and for the six-month period ending 30th September 2024, Embracer's net sales were down 23% year-on-year. This pain is particularly acute in the PC/console games segment, which generated $432 million, down 40% compared to last year.Read the full article on pushsquare.com

It's been a little while since we checked in on Embracer Group, and with the publishing giant having posted its Q2 financial results, now seems as good a time as any. Despite cutting thousands of jobs and attempting to right the ship, Embracer reports significant declines across the board, with the all-important PC/console games segment performing especially poorly. GamesIndustry.

biz pored over the data, and for the six-month period ending 30th September 2024, Embracer's net sales were down 23% year-on-year. This pain is particularly acute in the PC/console games segment, which generated $432 million, down 40% compared to last year. The firm's employment numbers make for some unhappy reading, too; Embracer employs 6,250 developers, down from 10,654 in Q2 of 2023.

Embracer's total headcount currently sits at 10,450 (again, down from 15,701 this time last year). The publisher is hopeful that Warhorse Studios' eagerly anticipated and recently delayed RPG sequel Kingdom Come: Deliverance II will be a strong seller for the company, out on 11th February 2025..