Embracer Group Revenue Grows Via Acquisition
For the first six months of fiscal 2023 ending 9/30/22, Embracer Group (EMBRAC-B.ST) saw net sales grow 148% from the first six months of FY 22 to SEK 16,687. In the second quarter ending 9/30 revenue grew 190% to SEK 9,569.
PC/Console games accounted for 38% of revenue, mobile games were 18%, tabletop games were 35% and entertainment services were 9%.
Analysis
Sweden-based Embracer Group has been on an acquisition spree the past few years.....