Streetbeat News

THQQF

Embracer Group AB

https://embracer.com/

CEO

Lars Wingefors

Industry

Software Publishers

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

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Low

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Div yield

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52-wk low

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Embracer Group is expected to see improved performance in Q4 due to easy comparisons with a weak Q3 last year and the successful release of 'Kingdom Come'. However, 'Hyper Light Breaker' did not perform well, receiving mixed reviews.

Portfolio Pulse from

February 22, 2025 | 2:15 pm

Embracer Group AB held its Q3 2024/2025 earnings call, discussing financial performance and company updates. Key participants included CEO Lars Wingefors and CFO Müge Bouillon.

Portfolio Pulse from

February 14, 2025 | 2:00 am

Embracer Group AB (THQQF) held its Q2 2025 earnings call, featuring key executives and analysts from various financial institutions. The call provided insights into the company's financial performance and strategic direction.

Portfolio Pulse from

November 14, 2024 | 7:30 pm

Embracer Group AB (OTC:THQQF) reported a 24% decline in net sales for Q1 2024, amounting to $754 million. The company experienced a significant drop in PC and console gaming revenue, while tabletop games remained the largest revenue generator. Embracer plans to split into three publicly listed entities, with Asmodee expected to be listed on Nasdaq Stockholm by the end of the year.

Portfolio Pulse from Franca Quarneti

August 15, 2024 | 6:01 pm

FromSoftware president Hidetaka Miyazaki has vowed to protect his studio from the ongoing layoffs in the gaming industry, despite mass layoffs at companies like Microsoft, Sony, and Embracer Group. Miyazaki expressed confidence that the parent company, Kadokawa Corporation, shares his views on avoiding layoffs.

Portfolio Pulse from Franca Quarneti

June 18, 2024 | 6:24 pm

Embracer Group AB (OTC:THQQF) has shut down Pieces Interactive, the developer behind Alone in the Dark, due to the game's poor performance. This closure is part of Embracer's broader restructuring efforts, which have also seen the shutdown of other studios and the sale of assets like Gearbox Software.

Portfolio Pulse from Franca Quarneti

June 17, 2024 | 7:17 pm

Embracer Group AB has canceled a Deus Ex game in development and laid off 97 staff at Eidos Montreal. The studio will shift focus to an original franchise. This is part of a larger restructuring at Embracer, which has also affected other studios such as Volition and Free Radical Design. The layoffs and cancellations follow a failed $2 billion deal with Savvy Games Group. Embracer acquired Eidos Montreal from Square Enix Holdings in 2022 but has not commented on the Deus Ex cancellation.

Portfolio Pulse from Franca Quarneti

January 30, 2024 | 4:43 pm

Shawn Layden, former CEO of Sony's Sony Computer Entertainment America, has expressed concerns about the video game industry, highlighting issues such as consolidation, game preservation, and the financial challenges of blockbuster development. He criticized the industry's reliance on expensive blockbusters and advocated for a strategy of 'de-risking' by focusing on sequels and established franchises. Layden also voiced concerns about the recent wave of studio acquisitions by companies like Sony, Microsoft, Embracer Group, and Take-Two Interactive Software, arguing that consolidation could diminish creative diversity.

Portfolio Pulse from Franca Quarneti

October 24, 2023 | 8:03 pm

Trailers and promotional materials for the 'Star Wars: Knights of the Old Republic' remake have been removed from the internet, sparking concerns about the project's future. Sony Group Corp. (NYSE:SONY) attributed the removal to music licensing issues. The game, initially developed by Aspyr, failed to impress Lucasfilm (NYSE:DIS) and Sony, leading to a pause in development and a shift to Saber Interactive, a subsidiary of Embracer Group AB (OTC:THQQF). The release date remains uncertain, with potential delays until 2025.

Portfolio Pulse from Franca Quarneti

September 29, 2023 | 9:22 pm

Embracer Group AB's stock dropped due to a collapsed $2 billion deal with Savvy Games Group, a subsidiary of the Saudi Arabian Public Investment Fund (PIF). The reasons for the withdrawal remain uncertain. Embracer is set to unveil its recent quarterly earnings, potentially outlining cost-cutting measures. The PIF has emerged as a major stakeholder in numerous gaming enterprises, such as Nintendo, Take-Two Interactive Software, and Electronic Arts.

Portfolio Pulse from Franca Quarneti

August 15, 2023 | 9:51 pm

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