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Big loss for Embracer Group $EMBRAC's PC/Console segment due to the high depreciation associated with underperforming releases earlier in the year, particularly Saints Row, which cost more than $100 million (total completed games value for July-Sep was SEK 1671m). pic.twitter.com/pQnJJc2IL5
— EmbracerInvestor (@EmbracerInvest) February 16, 2023
Daaaamn, what a rough quarter and fiscal year for Embracer Group. Their PC/console gaming division saw a loss of -505m SEK on the October-December Fiscal Q3 (compared to +35m SEK the same quarter the previous year), while the on the first 3 quarters of the fiscal year overall they saw a loss of -329m SEK (compared to +884m SEK on the first 3 quarters of the previous fiscal year. It looks like the belly flop of Saints Row reboot hurt them big time, as well as just general underperformance of the division and the depreciation of the Swedish Krona currency in the first 2 quarters of the fiscal year.
They are still in the black/positive overall thanks to their tabletop division kicking ass and taking names, but they really need to fix the problems in their PC/console division and soon. If Dead Island 2 flops as well, 2 high profile AAA flops in a row for them, it won't be good for sure.
Last edited by shikamaru317 - on 16 February 2023
