Embracer Stock Surges 9% After Q1 Earnings Beat Expectations
TLDR
- Embracer Group stock jumped as much as 19.5% after beating net sales expectations of SEK 3.94 billion vs consensus of SEK 3.61 billion
- Cash EBIT swung to SEK 47 million from a loss of SEK 99 million a year earlier
- PC/Console sales rose 68%, driven by Gothic 1 Remake selling 500,000 copies in its first week
- Adjusted operating profit hit SEK 151 million, more than double the SEK 69 million consensus
- Embracer maintained its full-year Cash EBIT forecast of at least SEK 1 billion for 2026/27
Embracer Group posted a strong first quarter on Thursday, beating net sales expectations with SEK 3.94 billion against a consensus of SEK 3.61 billion. The stock jumped as much as 19.5% on the news, settling around 7-9% higher by mid-session.
Embracer Group AB (publ), THQQF
Total net sales rose 24% year over year, with organic growth coming in at 33%. The Embracer operating segment did the heavy lifting, with Entertainment & Services and PC/Console leading the way.
Gothic 1 Remake was the standout performer. The title sold 500,000 copies in its first week, pushing PC/Console net sales to SEK 728 million from SEK 433 million a year earlier. New-release sales in that segment jumped to SEK 310 million from just SEK 69 million.
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