Embracer Group's revenue for the year to Mar 31, 2024 rises 12% to SEK 42.21 billion, with a SEK 18.18 billion net loss

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Embracer Group, a games holding company listed in Stockholm, reported revenue of SEK 42.21 billion for the year from Apr 1, 2023 to Mar 31, 2024, up 12% from SEK 37.67 billion a year earlier. The figures come from its annual report in ESEF, the European format for machine-readable annual reports, which reached the registry on May 8, 2025; the report's text is in Swedish. The operating result was a loss of SEK 20.52 billion, against operating income of SEK 194 million a year earlier, and the net result was a loss of SEK 18.18 billion, against net income of SEK 4.46 billion. The diluted loss was SEK 15.28 a share, against earnings of SEK 4.12 a share.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14

Depreciation, amortisation and impairment together came to SEK 21.74 billion, against SEK 6.52 billion a year earlier. Within that, the report puts the write-down of goodwill, the value booked when a company bought other businesses, at SEK 11,095 million and the write-down of intangible assets at SEK 2,931 million, with amortisation of intangible assets at SEK 6,484 million. The report gives EBITDA, earnings before interest, tax, depreciation and amortisation, of SEK 1,218 million against SEK 6,717 million. It says the fall in EBITDA, SEK 5,499 million, relates mainly to items affecting comparability, which include a loss on the sale of subsidiaries.15^,16^,17^,18^,19

Embracer's companies include Warhorse Studios, which developed Kingdom Come: Deliverance II, 4A Games, which developed Metro Exodus, Gunfire Games, which developed Remnant II, and Crystal Dynamics.20^,21^,22^,23^,24^,25^,26

Our records hold the report's text, but beyond its tagged figures this article draws only on passages that state EBITDA, an impairment, net bookings or an adjusted operating result, and we do not hold the report's tables as printed; against the earlier ESEF report of the company that we hold, this report gives the same year-earlier figures.8^,27