News | Latest Breaking News Stories & Headlines

Embracer profit misses forecast amid catalogue softness

Swedish gaming company Embracer has today reported a first-quarter operating profit that was well below analysts' estimates, flagging catalogue softness for the business developing games for PCs and consoles.

Business • 14 Aug

Embracer, like other game developers, benefited from growing demand for video games during Covid-related lockdowns

Tomb Raider owner Embracer's quarterly profit plunges

Swedish games developer Embracer reported a 50% drop in first quarter operating profit today after the owner of the Tomb Raider franchise released fewer games.

Business • 15 Aug 24

The Borderlands franchise has been hugely popular in recent years, with a film based on the series due to release soon

Sweden's Embracer ceases operations in Russia

Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider licence, has announced that it is ceasing all Russian operations through the sale of subsidiary Saber Interactive.

Business • 14 Mar 24

Embracer owns the rights to Tomb Raider and Lord of the Rings games

Games group Embracer tops Q2 profit forecast

Swedish games developer Embracer has today topped second-quarter operating profit expectations, aided by its restructuring efforts, strong licensing revenues and solid performance across business units.

Business • 16 Nov 23

After capitalising on a Covid-related boost in gaming demand, Embracer has had a difficult year

Tomb Raider games group Embracer maintains forecast

Swedish games developer Embracer has today reported slightly weaker than expected operating profit for the April to June period but reiterated its full-year guidance, saying its restructuring programme was on track.

Business • 17 Aug 23

Shares in Tomb Raider parent Embracer are on track for their biggest one-day fall since late May

Tomb Raider games group Embracer raises $182m

Sweden's Embracer has raised 2 billion crowns ($182m) in a share issue directed at institutional investors, the gaming group said today, after last month flagging a need to cut investments and costs.

Business • 06 Jul 23

Embracer has been hit by development delays and weaker demand

Tomb Raider games group Embracer to slash spending

Swedish games group Embracer has announced a restructuring programme to slash costs and investments, including in the development of new products, boosting the company's shares.

Business • 13 Jun 23

Embracer