Embracer Group AB (publ) (EMBRACB) Earnings Call Transcripts

Embracer Group AB (publ)'s Latest Earnings Call - Q4 FY2026

In the Q4 and full-year earnings call for Embracer Group AB, management reported total net sales of SEK 3.9 billion for Q4 2025/2026, reflecting a 10% organic decline year-over-year, primarily due to tough comparisons from the previous year's Kingdom Come: Deliverance II launch. For the full year, sales totaled SEK 15.9 billion, with adjusted EBIT of SEK 0.9 billion, exceeding guidance. Management provided guidance for FY 2026/2027, expecting cash EBIT of at least SEK 1 billion, signaling a strategic shift towards a more focused operational structure with a planned separation into two distinct business segments by 2027.

Reported metrics

Guidance from management

Management expects cash EBIT of at least SEK 1 billion for FY 2026/2027, indicating a shift towards a more focused operational structure. They anticipate a positive free cash flow trend with a heavier weighting towards the second half of the fiscal year.

What management said

Thanks, Muge. So that's the full year picture. What we've covered today and in the past few quarters illustrate the progress made over the past year, a year of real change and what that process of transformation made increasingly clear to us as we work through it is how the next path needs to look. And that's what we want to spend time on now because that's what today is really about the future. And with that, I'd li...

That's a great example. I mean that, as I said, has really delighted fans. The reaction has been off our scale of excitement and estimations, and it just shows you how that retro blood and passion really runs deep. So yes, that's momentum we're seeing today in April, and that's well ahead of the launch later this calendar year.

What analysts pressed on

Analysts expressed concerns about the significant decline in the PC/Console segment and the impact of divestments on revenue. There were also questions regarding the potential for conflicts of interest following the proposed separation into two distinct business segments.

Main topics on the call

• Revenue Decline in PC/Console Segment — The PC/Console segment reported a significant 37% organic decline in Q4, attributed to tough year-over-year comparisons. Management noted, "This comes from PC/Console, which had some tough comps to Q4 last year with the ...
• Strong Performance in Entertainment Services — The Entertainment Services segment achieved a notable 36% organic growth year-over-year, driven by successful new releases. Management stated, "This came from 2 strong new releases, physical releases at PLAION Partners, ...
• Guidance for FY 2026/2027 — Management provided guidance for cash EBIT of at least SEK 1 billion for FY 2026/2027, a significant increase from SEK 511 million in FY 2025/2026. They emphasized, "We will strive throughout the year to deliver upside p...
• Spin-off Announcement — A proposed separation into two distinct business segments is planned for 2027, aimed at enhancing focus and operational efficiency. Management indicated, "We believe creating Fellowship Entertainment as a company focused...

Read the full Embracer Group AB (publ) transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 43 Embracer Group AB (publ) earnings call transcripts on record, spanning February 19, 2020 to May 20, 2026. Based on this history, Embracer Group AB (publ) reports quarterly. The most recent call on file is dated May 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EMBRACB

Exchange

OM

Country

SE

Sector

Communication Services

Industry

Entertainment

Calls on record

43

First call

February 19, 2020

Most recent

May 20, 2026

Reporting cadence

quarterly