Finding Funds
Embracer to contribute $423 million towards Asmodee’s near $1bn debt repayment
Funds will change hands provided Miniclip’s Easybrain acquisition is successfully completed
Company Profile
Embracer Group
Website
embracer.com/
About
The Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. The company owns THQ Nordic and Saber Interactive
Related People
Lars Wingefors
CEO
Accolades
Articles featuring Embracer Group
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No-brainer?
Miniclip purchases Easybrain from Embracer for $1.2bn
Casual games developer moves on after it was purchased for $640 million back in 2021
Jobs In Games
Thomas Kœgler appointed Asmodee CEO as Embracer reveals new board of directors
The new board includes Embracer co-founder and CEO Lars Wingefors as chair, Kicki Wallje-Lund as deputy chair
Financials
Embracer's Q1 shows year-on-year revenue drops across mobile, PC, console and more
There's a positive spin buried within… But there's still plenty of tough reading up front
Investment Bounceback
M&A is on the rise for the third quarter in a row
That's according to Drake Star whose latest Global Gaming Report for Q2 only carries good news on the games industry's rebound
Cash Injection
Embracer bats its $1.5 billion debt back into 2026 and beyond with new €600m credit deal
The embattled publisher has bought itself more cash and time as it continues to restructure
Clearing Up
Embracer Group pays up $300m to clear $1.5bn debts
Nearly $1bn of its debts will be moved to Asmodee Group when the company breaks up into three separate public entities
Podcast | Episode 09
Supercell's Squad Busters goes global, Embracer Group splits, and Apple's Vision Pro flops | Week in Mobile Games podcast
The PocketGamer.biz podcast team give you the state of play every week. Here's where to get it and and what's inside this week's episode 09…
Mobile Mavens
Mobile Mavens: Analysts share insights on Embracer Group's "rapid dissolution", "mature" split and nervy future
We reached out to games industry professionals to hear their thoughts on Embracer Groups latest strategy
Embracer Break-up
Savvy Games Group “fully supportive” of Embracer Group management over break-up plan
Saudi Arabia publisher was reportedly behind the failed $2 billion investment deal that led to company's current crisis
Break-up
Embracer shares soar 18% on plans to break company apart
Shares still down 75% from all-time high in April 2021
Breaking Up
Embracer Group to split into three separate companies as it aims to pay off debts
New entities will be Asmodee Group, Coffee Stain & Friends and Middle-Earth Enterprises & Friends
Something To Sell
Embracer to sell Borderlands dev Gearbox to Take-Two in $460m deal
Gearbox games from Borderlands and Homeworld to Duke Nukem will fall under Take-Two’s possession
Moderately Mobile
Embracer sees record $1.2 billion in Q3 earnings after axing 1,400 staff
Restructuring plans are "tracking well" but are unlikely to reach all targets by end of the fiscal year
Finding Flexibility
Embracer Group secures credit and loan extension to 2025 as it restructures to clear debt
Embracer Group finally cashes in good news for the end of 2023
Plaice No More
Fishlabs is laying off around 50 employees as Embracer Group restructure continues
The German games developer was bought out by Embracer subsidiary Plaion 10 years ago
Week That Was
Week in Views - What caught our eyes in the last seven days
The Pocketgamer.biz team take their pick of this weeks big news, including Unity's big reveal, Embracer's job losses, and those apparent skills shortages…
Financial Findings
Embracer's Q2 sales up 13%... but 900 employees are out
As the company rounds out a tough year bet sales have risen 13% while mobile sales rose 2%
Layoffs
Embracer Group subsidiary Digic lays off 10% of its workforce
The company specialises in 3D and CGI animations and game trailers
Stocks
Embracer Group dropped from top stocks list by S&P
The lack of faith in the group exhibited by their exclusion is a further blow to the embattled company
Embracer Group
Embracer Group will need to “continue making tough decisions”
Speaking at a company Q&A, CEO Lars Wingefors confirmed that more closures are on the horizon
Embracer Financials
Embracer Group drew $131.6 million in net sales from mobile in the latest quarter
Mobile represents just 13.76% of the company’s revenue
Revelations
Savvy Games unmasked as Embracer's mystery partner in deal collapse
Axios Gaming's Stephen Totilo has enough evidence to point the finger
Structure
A brief chat with Embracer Freemode’s Alex Verrey
As part of Embracer’s in-house PR team and external agency Overload PR, Verrey provides some quick insights
Stocks
Embracer Group fixes financial woes with a $182 million share issue
After recent financial surprises, the company has taken corrective measures… leading to a devalued stock price that's 14% down
Restructuring
Embracer announces restructuring programme after disastrous Q4 financials
After a massive $2bn deal fell through at the eleventh-hour, Embracer is in damage-control mode
Week That Was
Week in Views - What caught our eyes in the last seven days
The Pocketgamer.biz team take their pick of this weeks big news including new mobile platforms, app store invasions, celebrity developers and… Have you seen my $2bn? I could have sworn it was right here…
Roundup
Revenue Report: Games financials roundup: May 2023
Who's up? Who's down? Here's the latest quarterly financial results from around the world of mobile games, all in one place
Deals
“It’s been a rough night…” Embracer: What went wrong?
With their share price crashing 45% in the last 24 hours what exactly IS going on at Embracer?
Financials
Embracer financials see lukewarm Q4 performance
The latest figures come alongside news of the collapse of $2bn deal
No Deal
Embracer loses out on $2bn deal at the eleventh-hour
The deal, according to CEO Lars Wingefor, was in the verbal agreement stage before being unexpectedly scuttled
Lord Of The App Store
Lord of the Rings: Heroes of Middle-earth set for May 10 release
The game will launch in iOS and Android
New Reports
Embracer Group sees 128% sales increase but hardly any rise from mobile
The Q3 financial report reveals 2% rise in mobile revenue
Return Of A Legend
Tomb Raider Reloaded available for pre-registration on Android ahead of worldwide release
The game will launch on iOS, Android, and Netflix Games on Valentine’s Day – Lara Croft's birthday
Raiding The Small Screen
Amazon have reportedly purchased Tomb Raider from Embracer Group for $600 million
The company announced a television adaptation earlier this week, but they could have much larger plans for the iconic franchise
Drake Star Review
Who were 2022's most strategic gaming investors?
Drake Star breaks down last year’s top gaming acquisitions. Who spent the smartest money in 2022? Find out here
2023 Predictions
Drake Star releases its predictions for 2023 in gaming
Look ahead to a year of consolidation and diversification
2022 Highlights
2022 In Review – September’s Best Bits
As the year draws to a close, we take a look back with our pick of the stories that shaped the last twelve months. Time for… September
Stocks
Embracer Group approved for Stockholm exchange
The news means that Embracer will now be traded on the Nasdaq Stockholm and not the First Growth North exchange
Week In Views
Week in Views - What caught our editorial eyes in the last seven days
The PocketGamer.biz team give their take on what happens when a game dies and why the UK is so behind on games funding?
New Ventures
Behold Ventures becomes Sweden’s largest venture capital firm with $25.9 million raised
The firm will focus on investing in Nordic gaming startups
Embracer Financials
Embracer Group’s mobile gaming revenue increased 67% between July and September
The company's latest financial statement showcases its strong performance over the period
Studio Closure
Embracer Group shutters the newly acquired Studio Onoma
The studio, formerly Square Enix Montreal, was acquired earlier this year
Pr And Communications
Embracer Freemode forms new in-house PR team stacked with industry vets
Embracer Freemode today announced that they were forming a new in-house PR team stacked with industry veterans to support the companies within their group
Swedish Games Industry
Swedish Games Companies contributed $5.8bn to the global economy, national report reveals
The majority of the country’s game makers are solo operations
Job News
Embracer Freemode appoints Brian Bright as principal design director
The Activision veteran will serve on the leadership team
Drake Star Report
Drake Star: Quarter 3 of 2022 saw 81 new mergers and acquisitions totalling billions of dollars
Over 300 deals were made from July to September, Embracer Group led the pack with eight acquisitions
New Name, New Games
Square Enix Montreal rebrands as Onoma
The new name follows the sale of the company to Embracer Group
Market Dominance
1% of publishers are responsible for 91% of app revenue
The publishers also generated 79% of downloads in H1 2022
Embracing Change
Crystal Dynamics regains development rights of Tomb Raider franchise following Embracer Acquisition
The studio was acquired by Embracer as part of a deal with Square Enix