Monday, 17 February 2025

Game News Round-Up

Daily curated games-industry news digest for 17 February 2025.

General2 stories
Business2 stories

Embracer Financial Results

  • For the three months ending December 31, 2024
  • Net sales: SEK 7.4 billion ($680 million), down 3% year-on-year, including:
  • PC/console games: SEK 2.6 billion ($242 million), down 23% year-on-year
  • Mobile games: SEK 1.6 billion ($149 million), up 2% year-on-year
  • Net profit: SEK 960 million ($89 million, compared to net loss of SEK 1.8 billion / $167 million during the same period last year)
  • For the nine months ending December 31, 2024:
  • Net sales: SEK 16.9 billion ($1.5 billion), down 22% year-on-year including:
  • PC/console games: SEK 7.3 billion ($679 million), down 35% year-on-year
  • Mobile games: SEK 4.4 billion ($409 million), down 3% year-on-year
  • Net loss: SEK 1.3 billion ($121 million, compared to net loss of SEK 1.4 billion / $130 million during the same period last year)
GamesIndustry.biz
Rumors1 story
Rumour

10:10 Games cuts 20 jobs after "complete commercial and critical failure" of debut game, Funko Fusion

  • Sources intimate say no meaningful severance support has been made available, with only "the bare minimum" entitlement offered, as well as payment of unused holiday. However, this, some speculate, is why colleagues were pressured into using up all their leave ahead of the announcement.
  • Some colleagues were apparently notified that their jobs were at risk whilst on leave. In some instances, these staff felt obliged to attend meetings about their future at the studio whilst on holiday, even if they were away in different timezones.
  • Whilst unconfirmed, it's thought around 20 people have been impacted by the cuts
Eurogamer