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Embracer sales drop 24% to $754m due to tough comparisons with Dead Island 2
Tabletop games still generating the bulk of Embracer's revenue, net debt decreased to $1.37 billion
Embracer Group
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Embracer secures new €600m revolving credit facility
"We have strengthened our financial structure and responsibly reduced our financial leverage"
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Former Piranha Bytes devs form Pithead Studio
The developers hope to continue developing "immersive and fantastic indie games"
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Embracer-owned studio Piranha Bytes has been shut down
The studio was reportedly shuttered at the end of June
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Embracer Group repays $300m to lenders
Repayment comes from net proceeds received from Take-Two's purchase of Gearbox Entertainment
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Report: Embracer shutters Alone in the Dark dev Pieces Interactive
The reimagining of the 1992 survival horror title released just last March and didn't meet sales expectations
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Embracer's Lars Wingefors on the "brutal truth" of the AAA market
CEO also discusses the possibility of raising the price of games to combat increasing development costs
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Embracer Group full-year sales rise to $3.9bn, but $1.5bn debt remains
CEO Lars Wingefors says past fiscal year was "transformative" as group presses on towards three-way split
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Embracer CFO and deputy CEO Johan Ekström stepping down
Current deputy CFO Müge Bouillon will take on financial responsibilities, while Crystal Dynamics boss Phil Rogers will be deputy CEO
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Embracer's three-way split, US vs TikTok, and Supercell's next major hit | Microcast
Latest episode available to download or watch now, featuring MobileGamer.biz's Neil Long
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Lars Wingefors on why Embracer is going away, and what happens next
With the group splitting into three, we speak to the CEO about the future of his companies and what led to this point
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Embracer CEO Lars Wingefors: "I'm sure I deserve a lot of criticism"
Group owner defends teams and their leaders, says he still believes in the company's mission
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Embracer Group splits into three: Everything you need to know
Asmodee and Coffee Stain to be spun out as separate publicly-listed entities, Middle-Earth Enterprises to front remaining group
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Saber's Matthew Karch: "Don't bet against Embracer"
Studio founder shares his view of the story behind Embracer's struggles, and why he's bullish on the group's recovery
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Gearbox Entertainment confirms layoffs following sale from Embracer
It's not clear how many roles have been affected
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Embracer CEO says restructuring is over, no other studios for sale
Update: Company says it will "continuously evaluate options" when asked about potential further layoffs
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Take-Two to acquire Gearbox from Embracer for $460 million
Randy Pitchford to remain leader of the Borderlands developer
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The story of TimeSplitters Next and Free Radical Design 2.0
Steve Ellis, the two times founder of Free Radical Design, takes us through the return of TimeSplitters that never was
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Embracer sells Saber, Sony stumbles with PSVR 2 | Microcast
Latest episode available to download now, also discussing Unity's 2024 Gaming Report
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What will Embracer sell next? | This Week In Business
With Saber Interactive now confirmed as the first major divestment for the struggling games firm, we look at the other potential sales Embracer could make
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Embracer sells Saber Interactive for $247m
Selected assets to pass to Saber co-founder's new firm, Embracer to cease all operations in Russia
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Report: Saber Interactive buys itself back from Embracer in $500m deal
The developer of the Star Wars: Knights of the Old Republic was originally acquired back in 2020
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Embracer CEO says layoffs are "something that everyone needs to get through"
Lars Wingefors also addressed the company's contribution to overinvestment that led to this situation
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Embracer restructuring nears "final stretch" but unlikely to reach net debt target by March
Company reports all-time high Q3 sales, prepares potential divestments to reduce debt
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Nimble Giant Entertainment reportedly reduces staff by 28
The Star Trek: Infinite maker is another Embracer-owned studio affected by layoffs