1 year 8 months ago
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Embracer Group has released its financial results for Q1 of the fiscal year, reporting a 107% increase in sales revenue as its acquisitions spree continues.
For the quarter ended June 31, the Swedish giant reported net sales of SEK 7.1 billion ($682 million) up from SEK 3.4 billion ($298 million) during the same period last year. It noted that this growth was predominantly driven by inorganic growth via subsidaries bought in the last year.
Embracer's mobile games segment saw the most significant increase, sales for the quarter were up by 104% to SEK 1.4 billion ($134 million). This was driven by subsidiary Easybrain as well the acquisition of hypercasual outfit CrazyLabs in August 2021.