Embracer Group Reports Decline in Net Sales for PC, Console, and Mobile Games in FY2024/25

Embracer Group has released its financial results for the fourth quarter ending March 2025, showing a decline in net sales across its PC, console, and mobile segments for both the quarter and the fiscal year. The company's full-year accounts reveal a reduction in total game development projects from 141 to 108 and a decrease in headcount from 9692 to 7180, with 5378 of those staff being game developers. Key highlights from the report include: Q4 net sales of SEK 5.4 billion, down 6% year-on-year, with PC/console games generating SEK 3 billion, down 2% year-on-year, and mobile games generating SEK 943 million, down 31% year-on-year. The company's entertainment and services segment saw an increase of 9% year-on-year. For the full year, net sales were SEK 22.3 billion, down 18% year-on-year, with PC/console games generating SEK 1.5 billion, down 27% year-on-year, and mobile games generating SEK 5.3 billion, down 9% year-on-year. Embracer attributes its solid quarter to the performance of Kingdom Come Deliverance 2, which reached three million copies sold and maintained a highly positive player and critic reception. The company believes the planned DLC and free updates will keep players engaged over the next 12 months. Embracer notes that while its mobile games sales fell by 31% between January and March 2025, its organic growth was 30%, and its PC/console games sales displayed an organic growth of 22%. The company has made significant progress in transforming the group, with the divestment of Easybrain and Asmodee completed and Coffee Stain Group expected to be spun off by the end of the calendar year. CEO Lars Wingefors stated that the company had a solid ending to the year, with net sales growing by 19% organically and Adjusted EBIT growing by 44% year-on-year. Embracer expects to release 76 games in FY 2025/26, including Metal Eden, Gothic 1 Remake, and Marvel 1943: Rise of the Hydra, and has delayed a third AAA game to 2026/27.