Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here.
Embracer Group today released their latest financial report, which showed the company had a relatively stable quarter. It reported that net sales had increased by 128%. In addition to its earnings, Embracer also announced how many games it currently plans to launch within the next few years — in particular, it plans to release 94 of its current projects before the end of the 2024 fiscal year (which would be the end of March 2024).
Embracer has spent most of the last few years acquiring companies and IP, with the latter including The Lord of the Rings and Tomb Raider. It already appears to be making use of those acquisitions, as it announced it currently has five Lord of the Rings titles in development. These likely include the upcoming Gollum title.
Out of the 94 games in question, Embracer defines 4 of them as triple-A titles. In its presentation, it listed several of the titles, including Dead Island 2, Remnant 2, Alone in the Dark and Payday 3. It also said later in the presentation that it plans to release 31 triple-A titles before fiscal year 27/28, which ends in March 2028. While it didn’t list all of the titles, it did specify how many projects each of its subsidiaries was working on. 11 games are in development at Saber Interactive and 8 are in development at Gearbox.
Embracer mentioned in its report that, despite the apparently rosy sales outlook, not every game has performed well. According to one part of the report, “The profitability in PC/Console in Q3 is also impacted by the amortization of game development costs for titles released with a lower ROI in Q1 and Q2, including the Saints Row reboot. It is a
Read more on venturebeat.com