
Embracer Group publishes Interim Report Q2, July-September 2022: NET SALES INCREASED BY 190 % TO SEK 9,569 MILLION, 35 % ORGANIC GROWTH - Embracer Group
SECOND QUARTER, JULY-SEPTEMBER 2022 (COMPARED TO JULY-SEPTEMBER 2021) Net sales increased by 190 % (35 % organic growth) to SEK 9,569 million (3,305). The sales split per operating segment was: PC/Console Games: increased by 107 % to SEK 4,097 million (1,976). Mobile Games: increased by 67 % to...

The organic growth during the quarter of 35 % was, as expected, primarily driven by new releases within PC/console, in particular supported by the reboot of Saints Row, which was released on August 23. The reception of Saints Row did not meet the full expectations and left the fanbase partially polarized. The game development studio, Volition, has been working hard to improve the player experience.
Financially, Saints Row has performed in line with management expectations in the quarter. Going forward, Volition will transition to become part of Gearbox which has all the tools, including an experienced management team in the US, to create future success at Volition. This is the first internal group transfer where we transfer a major studio between operative groups, but it is not necessarily the last.