Embracer Group Report: almost 7 million copies of Valheim, revenue of $1 billion and 160 games in development

Embracer Group has published a detailed report for the fiscal year that ended on March 31. The Swedish holding company announced the success of Valheim (its circulation reached almost 7 million copies) and its other games, revenue and profit growth, as well as ambitious plans for new M&A deals.Valheim

Key indicators for the year

The total revenue of the holding amounted to 9.024 billion Swedish kronor ($1.08 billion) — an increase of 70% in annual terms.

• EBITDA amounted to 3.98 billion Swedish kronor ($477 million) — an increase of 119% in annual terms.
• The total number of employees of Embracer Group has doubled and reached 6325 people, of which 5115 are directly involved in development.
• The holding has invested 2 billion Swedish kronor ($239 million) in the development of new games.
• 160 titles are currently in development — 55% more than a year earlier.Embracer Group recalled the attraction of 7.6 billion Swedish kronor ($893.9 million) for the purchase of new studios.
• Thus, the holding now has 17 billion Swedish kronor ($2 billion) in cash and credit funds.In the fourth quarter alone, Embracer negotiated potential purchases with 150 companies, and right now the holding is discussing deals with more than 20 studios — negotiations on them are already in the late stages.
• Data on individual games

By the end of the fiscal year, Valheim had sold 6.8 million copies.

• Embracer Group expects to sell another 1-1.2 million copies by the end of June.The number of copies sold of the Spongebob Squarepants: Battle for Bikini Bottom remaster exceeded 2 million.
• Sales of SnowRunner approached 2 million copies, and the remake of Destroy All Humans!
• it has surpassed the mark of 1 million copies.Embracer Group also announced the success of Little Nightmares 2, but the exact sales figures are not disclosed.
• The games from the holding’s back catalog also performed well.
• Among them are Satisfaction, Deep Rock Galactic, World War Z, Metro Exodus and Kingdom Come Deliverance.