If you were hoping for some form of revelation for Embracer Group’s slate of MMOs to come out of the company’s April-to-June investor report for 2024, you should probably temper your expectations, as most of what our readers care about appears to be dangled carrots for the investor board instead of hard plans.
We’ll start with the numbers, which don’t end up looking good for the company overall, as net sales have dropped 24 percent YoY, with dips in profits across all of Embracer’s divisions. The company still considered these profit margins to be within management expectations considering an overall slower release cycle and highlighted debt relieving moves including the divestiture of Gearbox Entertainment.
In terms of the company’s PC games, which obviously include its MMOs, Embracer talked up an increased focus on its owned IPs, with a particular focus on Lord of the Rings: It once more points to its still-developing LOTR MMO from Amazon as well as active testing and prototyping of “multiple new game concepts, exploring a wide range of immersive and authentic gameplay within the Middle-earth world.” Neverwinter and Star Trek Online are still included in the “top-10 back catalog revenue drivers” list, and there’s a mention of the just announced Fellowship game too.
