Swedish conglomerate Embracer Group has released its financial results for the second quarter of the 2024-25 fiscal year, and things aren't looking great for the company, although a massive casual studio sale might help things along a touch.
In a financial statement summarizing the quarter, Embracer reveals that net sales dropped by 21% on a year-on-year basis, while sales across the first six months of the financial year dipped by 23% (again compared to the same period last year).
More specifically, PC and console sales dropped by 46% for Embracer this quarter and by 40% across the first six months of the fiscal year. Embracer puts this down in part to the underperformance of remaster Disney Epic Mickey: Rebrushed, which the company says sold "slower than expected".
Embracer also says that the releases of Remnant 2 and Payday 3 in the same period last quarter makes the year-on-year comparison "tough". It's worth noting here too that Payday 3 hasn't exactly done too well since launch, so it's not really providing a constant revenue stream for Embracer.
Along with its financial results, Embracer has also announced the sale of casual gaming giant Easybrain, the company that...
