Embracer Group Past Earnings Performance
Past criteria checks 0/6
Embracer Group's earnings have been declining at an average annual rate of -23.9%, while the Entertainment industry saw earnings growing at 0.4% annually. Revenues have been growing at an average rate of 4% per year.
Key information
-23.85%
Earnings growth rate
-25.35%
EPS growth rate
| Entertainment Industry Growth | 38.51% |
| Revenue growth rate | 3.96% |
| Return on equity | -35.27% |
| Net Margin | -43.32% |
| Next Earnings Update | 15 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 01
EMBRAC B: Planned Split And Buybacks Will Support Future Upside Potential
Analysts are maintaining their SEK 90.0 price target for Embracer Group. The unchanged level reflects updated assumptions around revenue growth, profit margins, discount rate and future P/E that broadly offset each other in their valuation work.
Narrative Update • May 18
EMBRAC B: Fair Value View Will Rely On Buybacks And Coffee Stain Spin Off
Analysts have lifted their price target on Embracer Group from SEK 75.56 to SEK 77.10, pointing to adjustments in fair value assumptions, a lower discount rate, a reduced revenue growth outlook, slightly lower profit margin expectations, and a higher future P/E multiple. Valuation Changes Fair value has been raised slightly from SEK 75.56 to SEK 77.10.Narrative Update • Apr 29
EMBRAC B: Share Buybacks Will Support Future Upside Potential
Analysts have kept their SEK fair value estimate for Embracer Group unchanged at SEK 90.0. Small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions are driving only a minor refinement rather than a clear shift in the overall price target view. What's in the News Embracer Group reported that from October 1, 2025 to December 31, 2025, it repurchased 3,991,782 shares for SEK 428 million, representing 1.91% of its shares.Narrative Update • Apr 15
EMBRAC B: Share Buybacks And Coffee Stain Spin Off Will Unlock Upside
Analysts have lowered their price target for Embracer Group from about SEK 97.49 to around SEK 75.56, citing updated assumptions that include slightly higher discount rates, more moderate changes in revenue and profit margins, and a marginally higher future P/E multiple. What's in the News Embracer Group repurchased 3,991,782 shares between October 1, 2025 and December 31, 2025, totaling SEK 428 million and representing 1.91% of the company.Narrative Update • Mar 31
EMBRAC B: Share Buybacks And Higher Margins Will Support Future Upside Potential
Analysts are maintaining their SEK 90.00 price target for Embracer Group. They cite updated assumptions that combine a slightly higher discount rate and lower expected revenue growth with a higher profit margin outlook and a reduced future P/E of 17.03x.
Narrative Update • Mar 17
EMBRAC B: Share Buybacks And Reset Expectations Will Shape Balanced Outlook
Analysts have reduced their price target for Embracer Group to SEK 52 from SEK 80, reflecting lower assumptions for revenue growth and profit margins, as well as a higher expected P/E multiple, as they reassess the company’s earnings outlook. What's in the News Embracer Group completed a share buyback program announced on September 30, 2025, repurchasing a total of 4,830,742 shares for SEK 500 million, equal to 2.28% of its shares.Narrative Update • Mar 03
EMBRAC B: Share Buybacks And Higher Margins Will Support Upside Potential
Analysts have lowered their Embracer Group price target from SEK 95 to SEK 90, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that they believe better reflect the company’s current risk and earnings profile. What's in the News Between October 1, 2025 and December 31, 2025, Embracer Group repurchased 3,991,782 shares for SEK 428 million, equal to 1.91% of its share capital (Key Developments).Narrative Update • Feb 17
EMBRAC B: Higher Future P/E Assumptions Will Support Share Price Upside
Analysts have trimmed their price target for Embracer Group from SEK 133.38 to SEK 95.00, citing updated assumptions that reflect a lower fair value estimate, a slightly higher discount rate, softer revenue expectations, slimmer profit margins, and a higher future P/E multiple. Valuation Changes Fair Value: cut from SEK 133.38 to SEK 95.00, a reduction of roughly 29%, pointing to a lower central estimate of equity value.Narrative Update • Feb 03
EMBRAC B: Higher Future P/E Assumptions Will Support Share Price Upside
Analysts have slightly raised their fair value estimate for Embracer Group from SEK 130.55 to about SEK 133.38, reflecting updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. Valuation Changes The fair value estimate was raised slightly from SEK 130.55 to about SEK 133.38.Narrative Update • Jan 20
EMBRAC B: Future Margin Recovery And Higher P/E Assumptions Will Support Upside
Analysts have trimmed their price target on Embracer Group from SEK 160.00 to about SEK 130.55, citing updated assumptions for revenue growth, profit margins, and a higher discount rate, partly offset by a higher expected future P/E multiple. Valuation Changes Fair Value: Trimmed from SEK 160.00 to about SEK 130.55, implying a lower central valuation estimate.Analysis Article • Jan 06
Embracer Group (STO:EMBRAC B) Has A Pretty Healthy Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Jan 06
EMBRAC B: Coffee Stain Spin-Off Will Unlock Upside Despite Execution Risks
Analysts have trimmed their fair value estimate for Embracer Group from approximately SEK 108 to around SEK 97 per share, reflecting slightly adjusted assumptions on discount rate, revenue growth, profit margin, and a lower future P/E multiple. What's in the News Embracer Group plans an Analyst and Investor Day focused on providing an overview of the company, showcasing its portfolio of games, and introducing the studios behind those titles, giving you more transparency into how the business is organized (Key Developments).Narrative Update • Dec 20
EMBRAC B Undervalued Upside Seen As Coffee Stain Spin-Off Approaches
Analysts have trimmed their fair value estimate for Embracer Group to SEK 80 from SEK 81, reflecting a slightly higher perceived risk and lower margin outlook, even as revenue growth expectations improve and sector peers command richer forward multiples. Analyst Commentary Bearish analysts have begun to recalibrate their expectations for Embracer Group, trimming price targets and embedding a wider range of potential outcomes into their models.Analysis Article • Dec 09
More Unpleasant Surprises Could Be In Store For Embracer Group AB (publ)'s (STO:EMBRAC B) Shares After Tumbling 33%
The Embracer Group AB (publ) ( STO:EMBRAC B ) share price has fared very poorly over the last month, falling by a...Narrative Update • Dec 06
EMBRAC B: Share Repurchases Will Unlock Upside Despite Execution Risks
Analysts have trimmed their fair value estimate for Embracer Group from approximately SEK 118 to about SEK 108, citing slightly higher perceived risk, more moderate revenue growth expectations, and softer profit margin assumptions, partially offset by a marginally higher future P/E multiple. Analyst Commentary Recent commentary from the Street reflects a more balanced but still cautious stance on Embracer Group, with modest adjustments to price targets and a focus on execution risk and valuation discipline.Analysis Article • Nov 16
Embracer Group AB (publ) (STO:EMBRAC B) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Embracer Group AB (publ) ( STO:EMBRAC B ) just released its quarterly report and things are looking bullish. Results...Narrative Update • Oct 04
Tomb Raider Focus Will Shape Future Prospects Amid Risks
Analysts have raised their price target for Embracer Group from SEK 115.22 to SEK 118.00, citing adjustments to key valuation metrics and updated financial assumptions. Valuation Changes Consensus Analyst Price Target has increased from SEK 115.22 to SEK 118.00.Analysis Article • Oct 02
Embracer Group AB (publ) (STO:EMBRAC B) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Embracer Group AB (publ) ( STO:EMBRAC B ) shareholders are no doubt pleased to see that the share price has bounced 29...Narrative Update • Aug 16
Kingdom Come II And Upcoming AAA Titles Will Shape Future Prospects
Despite improved consensus revenue growth forecasts, Embracer Group's significantly lower future P/E ratio points to increased uncertainty or risk perception, resulting in a notable decrease in fair value from SEK136.00 to SEK116.20. What's in the News Phil Rogers appointed CEO of Embracer Group, effective 1 August 2025, as part of the company's ongoing transformation process.Analysis Article • Aug 15
Some Embracer Group AB (publ) (STO:EMBRAC B) Shareholders Look For Exit As Shares Take 27% Pounding
OM:EMBRAC B 1 Year Share Price vs Fair Value Explore Embracer Group's Fair Values from the Community and select yours...Analysis Article • Aug 04
Here's Why Embracer Group (STO:EMBRAC B) Has A Meaningful Debt Burden
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • May 30
Embracer Group's (STO:EMBRAC B) Solid Earnings Have Been Accounted For Conservatively
Despite posting healthy earnings, Embracer Group AB (publ)'s ( STO:EMBRAC B ) stock has been quite weak. Along with the...Analysis Article • May 29
What Does Embracer Group AB (publ)'s (STO:EMBRAC B) Share Price Indicate?
While Embracer Group AB (publ) ( STO:EMBRAC B ) might not have the largest market cap around , it saw a double-digit...Analysis Article • May 08
Revenues Not Telling The Story For Embracer Group AB (publ) (STO:EMBRAC B) After Shares Rise 26%
Embracer Group AB (publ) ( STO:EMBRAC B ) shareholders are no doubt pleased to see that the share price has bounced 26...Analysis Article • Apr 24
Does Embracer Group (STO:EMBRAC B) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Feb 18
Embracer Group AB (publ) Just Missed Earnings; Here's What Analysts Are Forecasting Now
It's been a mediocre week for Embracer Group AB (publ) ( STO:EMBRAC B ) shareholders, with the stock dropping 13% to...Analysis Article • Jan 31
What Embracer Group AB (publ)'s (STO:EMBRAC B) 25% Share Price Gain Is Not Telling You
Embracer Group AB (publ) ( STO:EMBRAC B ) shareholders have had their patience rewarded with a 25% share price jump in...Analysis Article • Jan 07
Does Embracer Group (STO:EMBRAC B) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
New Narrative • Dec 25
Easybrain Divestment And Blockbuster Games Set To Enhance Profitability And Stability
The divestment of Easybrain enhances Embracer Group's financial stability, enabling strategic investments and improving future earnings.Analysis Article • Dec 10
Embracer Group AB (publ) (STO:EMBRAC B) Not Flying Under The Radar
There wouldn't be many who think Embracer Group AB (publ)'s ( STO:EMBRAC B ) price-to-sales (or "P/S") ratio of 1.1x is...Analysis Article • Sep 13
Some Shareholders May Object To A Pay Rise For Embracer Group AB (publ)'s (STO:EMBRAC B) CEO This Year
Key Insights Embracer Group will host its Annual General Meeting on 19th of September Total pay for CEO Lars Wingefors...Analysis Article • Jun 15
Some Confidence Is Lacking In Embracer Group AB (publ) (STO:EMBRAC B) As Shares Slide 26%
The Embracer Group AB (publ) ( STO:EMBRAC B ) share price has softened a substantial 26% over the previous 30 days...Analysis Article • May 13
Are Investors Undervaluing Embracer Group AB (publ) (STO:EMBRAC B) By 48%?
Key Insights Embracer Group's estimated fair value is kr57.06 based on 2 Stage Free Cash Flow to Equity Embracer Group...Analysis Article • Apr 05
We Think Embracer Group (STO:EMBRAC B) Is Taking Some Risk With Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Embracer Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 15,906 | -6,890 | 8,453 | 0 |
| 31 Dec 25 | 18,273 | 4,120 | 9,419 | 0 |
| 30 Sep 25 | 20,083 | 4,448 | 10,303 | 0 |
| 30 Jun 25 | 20,897 | 3,992 | 11,136 | 0 |
| 31 Mar 25 | 22,435 | 2,543 | 12,198 | 0 |
| 31 Dec 24 | 22,032 | -13,533 | 12,539 | 0 |
| 30 Sep 24 | 22,672 | -16,134 | 13,545 | 0 |
| 30 Jun 24 | 21,989 | -17,456 | 14,410 | 0 |
| 31 Mar 24 | 27,546 | -13,339 | 16,587 | 0 |
| 31 Dec 23 | 31,044 | -668 | 18,241 | 0 |
| 30 Sep 23 | 35,041 | 2,644 | 19,127 | 0 |
| 30 Jun 23 | 41,034 | 6,871 | 20,125 | 0 |
| 31 Mar 23 | 37,702 | 4,454 | 18,414 | 0 |
| 31 Dec 22 | 33,683 | 3,879 | 13,258 | 0 |
| 30 Sep 22 | 27,152 | 1,129 | 11,866 | 0 |
| 30 Jun 22 | 20,888 | 749 | 10,181 | 0 |
| 31 Mar 22 | 17,203 | 976 | 9,100 | 0 |
| 31 Dec 21 | 14,716 | 973 | 9,993 | 0 |
| 30 Sep 21 | 12,166 | 2,017 | 7,268 | 0 |
| 30 Jun 21 | 11,517 | 256 | 5,083 | 0 |
| 31 Mar 21 | 10,401 | 287 | 3,160 | 0 |
| 31 Dec 20 | 9,129 | 262 | 2,854 | 0 |
| 30 Sep 20 | 8,318 | 486 | 2,493 | 0 |
| 30 Jun 20 | 7,098 | 323 | 2,184 | 0 |
| 31 Mar 20 | 6,054 | 285 | 1,914 | 0 |
| 31 Dec 19 | 6,186 | 255 | 1,890 | 0 |
| 30 Sep 19 | 5,943 | 336 | 1,765 | 0 |
| 30 Jun 19 | 5,881 | 336 | 1,644 | 0 |
| 31 Mar 19 | 5,539 | 316 | 1,530 | 0 |
| 31 Dec 18 | 4,483 | 294 | 1,207 | 0 |
| 30 Sep 18 | 3,284 | 253 | 861 | 0 |
| 30 Jun 18 | 2,014 | 207 | 570 | 0 |
| 31 Mar 18 | 1,183 | 197 | 319 | 0 |
| 31 Dec 17 | 587 | 139 | 169 | 0 |
| 30 Sep 17 | 439 | 104 | 135 | 0 |
| 30 Jun 17 | 423 | 97 | 126 | 0 |
| 31 Mar 17 | 384 | 85 | 111 | 0 |
| 31 Dec 16 | 338 | 72 | 95 | 0 |
| 30 Sep 16 | 291 | 62 | 75 | 0 |
| 31 Dec 15 | 213 | 51 | 43 | 0 |
Quality Earnings: EMBRAC B is currently unprofitable.
Growing Profit Margin: EMBRAC B is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EMBRAC B is unprofitable, and losses have increased over the past 5 years at a rate of 23.9% per year.
Accelerating Growth: Unable to compare EMBRAC B's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EMBRAC B is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (-66.4%).
Return on Equity
High ROE: EMBRAC B has a negative Return on Equity (-35.27%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/03 18:05 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Embracer Group AB (publ) is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Jesper Birch-Jensen | ABG Sundal Collier Sponsored |
| Nicholas Michael Dempsey | Barclays |