Reported about 12 hours ago
Swedish game developer Embracer reported a third-quarter operating profit that fell below market expectations, primarily due to increased user acquisition costs and a disappointing box office performance. The company's adjusted operating profit declined 11% to SEK 1.18 billion, missing analyst forecasts. Embracer is currently undergoing restructuring, including divesting studios and splitting into three publicly traded entities, while aiming to adapt to industry changes and consumer demands.
Source: YAHOO