Embracer Q3 FY3/2024 Financials Results (Oct- Dec 2023) | Net Sales increase by 4% to $1.15 billion

[Astrogamer]

Embracer Group publishes Interim Report Q3, October-December 2023: NET SALES INCREASED BY 4 % TO SEK 12,050 MILLION - Embracer Group

THIRD QUARTER, OCTOBER–DECEMBER 2023 (COMPARED TO OCTOBER–DECEMBER 2022) Net sales increased by 4 % (-4 % organic growth) to SEK 12,050 million (11,622). The sales split per operating segment: PC/Console Games: decreased by -5 % to SEK 3,379 million (3,575). Mobile Games: increased by 4 % to SEK...

embracer.com

Net sales increased by 4% (-4% organic growth) to SEK 12,050 million (11,622). The sales split per operating segment:

• PC/Console Games: decreased by -5% to SEK 3,379 million (3,575).
• Mobile Games: increased by 4% to SEK 1,642 million (1,573).
• Tabletop Games: increased by 7% to SEK 4,425 million (4,146).
• Entertainment & Services: increased by 12 % to SEK 2,604 million (2,328).

For the first 9 months,
Net sales increased by 18 % (4 % organic growth) to SEK 33,331 million (28,309). The sales split per operating segment:

• PC/Console Games: increased by 13 % to SEK 11,284 million (9,966).
• Mobile Games: increased by 1 % to SEK 4,550 million (4,502).
• Tabletop Games: increased by 16 % to SEK 11,679 million (10,058).
• Entertainment & Services: increased by 54 % to SEK 5,818 million (3,784).

	Q3 2022	Q3 2023	Q1-Q3 2022	Q1-Q3 2023
Net sales, SEK m	11,622	12,050	28,309	33,331
EBIT, SEK m	226	273	289	-141
EBIT Margin	2%	2%	1%	0%
Adjusted EBIT, SEK m	2,009	2,150	5,451	5,637
Adjusted EBIT Margin	17%	18%	19%	17%
Cash Flow, SEK m	2,813	2,477	3,740	6,085
Net Investments, SEK m	1,413	1,668	4,189	5,493
Net sales growth	128%	4%	139%	18%
Total Projects	224	179	224	179
Total Developers	11,152	10,221	11,152	10,221
Total Headcount	16,243	15,218	16,243	15,218

Q3 FY3/2023 Thread

 

[Koni]

Embracer says it's looking out for shareholders after cutting almost 1,400 jobs

"Our overruling principle is to always maximize shareholder value in any given situation."

www.gamedeveloper.com

Holy shit, we're getting into comic levels of evil here.

 

[Astrogamer]

It's more like "please stay" to shareholders as they desperately need the money. They aren't in the green yet and if they don't sound like smart businesspeople, it would scare away investors.