Company Restructure
Embracer keeps mobile in-house as it spins off Fellowship Entertainment
Mobile stays with Embracer, keeping DECA, CrazyLabs and A Thinking Ape
Company Profile
Embracer Group
Website
embracer.com/
About
The Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. The company owns THQ Nordic and Saber Interactive
Related People
Lars Wingefors
CEO
Accolades
Articles featuring Embracer Group
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Freedom Regained
Quantic Lab exits Embracer Group to operate as an independent company under founder ownership
The transition took effect on April 1st, 2026, marking the end of Quantic Lab’s period within the Embracer portfolio
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Leadership Change
Coffee Stain Group prepares for Embracer spin-off with new board
Coffee Stain co-founder and CEO Anton Westbergh exits Embracer’s management team amid restructuring
Leadership Overhaul
Phil Rogers named CEO of Embracer as Lars Wingefors shifts focus to M&A
Wingefors will leave the executive management team from August 1st, but stay on as a board member until the annual general meeting
Earnings Report
Embracer Group mobile revenue drops 31% after Easybrain sale
User acquisition costs rose to $60m, accounting for 61% of net sales
Strategic Move
Embracer to rename as Fellowship Entertainment after Coffee Stain Group spin-off
The move is part of the publisher’s broader transformation strategy after years of layoffs and closures
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Segment Sales
Embracer’s net sales down as mobile profits dive and headcount plummets
Entertainment and services outearned PC and console sales in the latest quarter
Finding Funds
Embracer to contribute $423 million towards Asmodee’s near $1bn debt repayment
Funds will change hands provided Miniclip’s Easybrain acquisition is successfully completed
No-brainer?
Miniclip purchases Easybrain from Embracer for $1.2bn
Casual games developer moves on after it was purchased for $640 million back in 2021
Jobs In Games
Thomas Kœgler appointed Asmodee CEO as Embracer reveals new board of directors
The new board includes Embracer co-founder and CEO Lars Wingefors as chair, Kicki Wallje-Lund as deputy chair
Financials
Embracer's Q1 shows year-on-year revenue drops across mobile, PC, console and more
There's a positive spin buried within… But there's still plenty of tough reading up front
Investment Bounceback
M&A is on the rise for the third quarter in a row
That's according to Drake Star whose latest Global Gaming Report for Q2 only carries good news on the games industry's rebound
Cash Injection
Embracer bats its $1.5 billion debt back into 2026 and beyond with new €600m credit deal
The embattled publisher has bought itself more cash and time as it continues to restructure
Clearing Up
Embracer Group pays up $300m to clear $1.5bn debts
Nearly $1bn of its debts will be moved to Asmodee Group when the company breaks up into three separate public entities
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Mobile Mavens
Mobile Mavens: Analysts share insights on Embracer Group's "rapid dissolution", "mature" split and nervy future
We reached out to games industry professionals to hear their thoughts on Embracer Groups latest strategy
Embracer Break-up
Savvy Games Group “fully supportive” of Embracer Group management over break-up plan
Saudi Arabia publisher was reportedly behind the failed $2 billion investment deal that led to company's current crisis
Break-up
Embracer shares soar 18% on plans to break company apart
Shares still down 75% from all-time high in April 2021
Breaking Up
Embracer Group to split into three separate companies as it aims to pay off debts
New entities will be Asmodee Group, Coffee Stain & Friends and Middle-Earth Enterprises & Friends
Something To Sell
Embracer to sell Borderlands dev Gearbox to Take-Two in $460m deal
Gearbox games from Borderlands and Homeworld to Duke Nukem will fall under Take-Two’s possession
Moderately Mobile
Embracer sees record $1.2 billion in Q3 earnings after axing 1,400 staff
Restructuring plans are "tracking well" but are unlikely to reach all targets by end of the fiscal year
Finding Flexibility
Embracer Group secures credit and loan extension to 2025 as it restructures to clear debt
Embracer Group finally cashes in good news for the end of 2023
Plaice No More
Fishlabs is laying off around 50 employees as Embracer Group restructure continues
The German games developer was bought out by Embracer subsidiary Plaion 10 years ago
Week That Was
Week in Views - What caught our eyes in the last seven days
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Financial Findings
Embracer's Q2 sales up 13%... but 900 employees are out
As the company rounds out a tough year bet sales have risen 13% while mobile sales rose 2%
Layoffs
Embracer Group subsidiary Digic lays off 10% of its workforce
The company specialises in 3D and CGI animations and game trailers
Stocks
Embracer Group dropped from top stocks list by S&P
The lack of faith in the group exhibited by their exclusion is a further blow to the embattled company
Embracer Group
Embracer Group will need to “continue making tough decisions”
Speaking at a company Q&A, CEO Lars Wingefors confirmed that more closures are on the horizon
Embracer Financials
Embracer Group drew $131.6 million in net sales from mobile in the latest quarter
Mobile represents just 13.76% of the company’s revenue
Revelations
Savvy Games unmasked as Embracer's mystery partner in deal collapse
Axios Gaming's Stephen Totilo has enough evidence to point the finger
Structure
A brief chat with Embracer Freemode’s Alex Verrey
As part of Embracer’s in-house PR team and external agency Overload PR, Verrey provides some quick insights
Stocks
Embracer Group fixes financial woes with a $182 million share issue
After recent financial surprises, the company has taken corrective measures… leading to a devalued stock price that's 14% down
Restructuring
Embracer announces restructuring programme after disastrous Q4 financials
After a massive $2bn deal fell through at the eleventh-hour, Embracer is in damage-control mode
Week That Was
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Revenue Report: Games financials roundup: May 2023
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Deals
“It’s been a rough night…” Embracer: What went wrong?
With their share price crashing 45% in the last 24 hours what exactly IS going on at Embracer?
Financials
Embracer financials see lukewarm Q4 performance
The latest figures come alongside news of the collapse of $2bn deal
No Deal
Embracer loses out on $2bn deal at the eleventh-hour
The deal, according to CEO Lars Wingefor, was in the verbal agreement stage before being unexpectedly scuttled
Lord Of The App Store
Lord of the Rings: Heroes of Middle-earth set for May 10 release
The game will launch in iOS and Android
New Reports
Embracer Group sees 128% sales increase but hardly any rise from mobile
The Q3 financial report reveals 2% rise in mobile revenue
Return Of A Legend
Tomb Raider Reloaded available for pre-registration on Android ahead of worldwide release
The game will launch on iOS, Android, and Netflix Games on Valentine’s Day – Lara Croft's birthday
Raiding The Small Screen
Amazon have reportedly purchased Tomb Raider from Embracer Group for $600 million
The company announced a television adaptation earlier this week, but they could have much larger plans for the iconic franchise
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Drake Star releases its predictions for 2023 in gaming
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Stocks
Embracer Group approved for Stockholm exchange
The news means that Embracer will now be traded on the Nasdaq Stockholm and not the First Growth North exchange
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