Embracer Group, That Company That’s Been Buying Up All The Other Companies, Sales Have Increased And More Titles Are Coming
Most of this is from buying up other companies.
Embracer Group, that company that likes to buy companies, is doing pretty well for itself – at least according to the latest quarterly earnings report. According to the report – which can be found in full on the Embracer Group website, the company’s revenue for the period of October – December 2022 increased 128% over the year prior. That’s 11,622 million SEK versus 5,091 million the year before. Not surprisingly, a huge factor in this was what they refer to as “inorganic growth”. That means they bought a lot of companies that added to their overall profit margin.
Among some of the companies that really padded their sales are PC and Console game developers Eidos and Perfect World. Guess that means all those free-to-play MMOs are doing something for them. Although, they also attribute them to some “large new game releases”. The big one there is Goat Simulator 3 – which isn’t multiplayer, but we mention it because… Goat Simulator.
In our little corner of gaming, there were some notable multiplayer games in the top-ten back catalogue revenue drivers. These included Star Trek Online and Neverwinter. Those of you interested in reading the full report can find it in all its glory on the Embracer site.
Related Articles
About the Author
![QuintLyn Bowers](/assets/images/team/q.jpg)
QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various gaming sites a little over ten years ago and has taken on various roles in the games community.
More Stories by QuintLyn BowersRead Next
![Magic: The Gathering Arena Console Release Delayed To "Likely In 2024 And Beyond"](https://www.mmobomb.com/file/2023/2/magic-gathering-arena-consoles-2024-218x150.jpg)
The big focus will be on the Steam release.
You May Enjoy
![Albion Online's Latest Dev Talk Video Walks Us Through The New "Journal" Coming Next Week](https://www.mmobomb.com/file/2024/7/albion-online-journal-218x150.jpg)
The game’s new mission and achievement system rewards players for exploring.
![See How You'll Spend (Or Not Spend) Money In Throne And Liberty Depending On Your Region](https://www.mmobomb.com/file/2024/7/throne-liberty-monetization-feat-218x150.jpg)
"Purchasing items from our in-game shop must feel rewarding, but never necessary"
![Bungie Announces Destiny Art Shows And The PvP Strike Team Is Back With Another Update](https://www.mmobomb.com/file/2024/7/destiny-2-art-shows-218x150.jpg)
The post also covers a whole host of tweaks coming to the game.
![Yes, Overwatch 2 Will Finally Experiment With 6v6 Formats, But You'll Need To Be Patient](https://www.mmobomb.com/file/2023/5/overwatch-2-director-39-take-218x150.png)
A new "Director's Take" letter finally talks about 6v6 and if it could happen once again.
![Bethesda Devs Have Joined The Ranks Of Unionized Video Game Workers](https://www.mmobomb.com/file/2022/4/bethesda-net-closing-218x150.jpg)
This is the first "wall-to-wall" game union in NA so far.
![After A Year And A Half Of Negotiations, SAG-AFTRA Is Calling For A Video Game Strike](https://www.mmobomb.com/file/2024/7/sag-aftra-video-game-strike-218x150.jpg)
The big sticking point is AI.
Discussion (0)