Embracer Group, which acts as the parent company to big names like THQ Nordic and Deep Silver, has released its financial results for the third quarter of the 2022 fiscal year. In those results, we learn that the group currently has an impressive 31 AAA games in the pipeline, with 19 of those games set to release by 2026 at the latest.
In a press release, Embracer reveals that its financials were "largely in line with management expectations" for the period between October and December 2022. Embracer begins each financial year in April, so the January-March period would count as Q4 in this case. Technically, the company's growth dropped by 3% in the quarter, but Embracer says this is down to "tough year-on-year comparisons and limited new PC/console game releases".
Despite this, Embracer says it's confident that its fortunes will improve significantly in the coming months. The group names the upcoming releases of Warhammer 40k: Space Marine 2, Remnant 2 (which was announced during last year's Game Awards), and Payday 3 as reasons to be optimistic about its sales performance in 2023.
In total, Embracer says it has 94 projects in the pipeline for the upcoming financial year, with 58 of those projects yet to be announced. In addition, the group has 31 AAA games "slated to be released by FY 2027/2028", with 19 of those games set to launch before the 2025/26 fiscal year.
Unfortunately, Embracer doesn't provide any kind of breakdown of which studios we can expect those games to come from. However, the three aforementioned titles are likely part of that lineup, with Deep Silver's long-delayed Dead Island 2 also slated to arrive in April, having been brought forward a week. Suffice it to say that Embracer has a packed couple of years ahead of it.
You can read Embracer's full financial report here. It's got lots of stats, as well as more info about the group's tabletop division and an even more in-depth report if you're a true numbers nerd (no shame whatsoever!). Stay tuned to TechRaptor to see what Embracer does next.
