Embracer’s interim Q1 2024 report shows a company out of freefall and making some smart moves to recovery following an ongoing rough ride. But it’s clear that the road to pure profit is still some distance ahead.
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Geek Alliance LLCIn the first quarter of 2024 net sales decreased to SEK 7,933 million from 10,450 million in the same period last year – a drop of 24%. And drops were reported across the full board of the company’s four reporting divisions with all…
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2 Comments
It’s good to see Embracer making some moves to pull themselves out of the slump, but those numbers are tough to swallow. A 24% drop in net sales is pretty brutal, especially across all their divisions. It feels like they’ve got a long way to go before they’re back on solid ground. Hopefully, the smart decisions they’re making now will start to pay off soon. I mean, we all want to see them come back strong and deliver some killer games. Fingers crossed they find a way to turn things around!
Tough to see Embracer facing such a big drop in sales, but it sounds like they’re finally starting to turn things around a bit. A 24% decrease is rough, especially across all divisions, but it’s good to hear they’re making some smart moves for recovery. It’ll be interesting to see how they pivot and what new games or strategies they roll out. Hopefully, they can get back on track soon because the gaming community is always ready for fresh content. Fingers crossed they find that sweet spot again!