Home News Embracer takes stock: update on its (many) studios and announcements

Embracer takes stock: update on its (many) studios and announcements


Embracer now has over 110 studios, publishers, labels and distributors in its video game hubs, and a long list of games to be released.

At the same time last year, we offered you a retrospective of Embracer, from the small Swedish game seller to the large international group with more than 60 studios worldwide. But the snow giant has grown a lot since then. By the end of 2021, Embracer had acquired dozens of new studios (including Dark Horse, French Asmodée and recently part of Square Enix) and was forecasting record numbers over the long term. The balance sheet for the fiscal year and the last quarter has just fallen, we take stock.

Record losses for Embracer, but a hit for its mobile pole

The record took place. Following its numerous acquisitions, Embracer went into the red. In its latest balance sheet, closed in March 2022, the group spent 2.27 billion euros, and shows a loss of more than 408 million. For the leaders, it will be necessary to wait a few years before seeing the fruit of these takeovers. However, despite these numbers, Embracer surpassed €1 billion in revenue for the first time, specifically €1.6 billion for fiscal year 2021an 89% increase in one year.

In detail, it is the Saber Interactive division (24 studios) that is doing the best over the year with a 43% increase, just behind DECA Games (10 studios) and its… 697% increase going from a very small proportion of the group’s income to a pole as important as Saber with 159 million euros. And in front of Gearbox and Koch Media, which one could believe were the most profitable, we find, by far, the new Easybrain division, a mobile game publisher with a turnover of 304 million euros for his first full year with the group.

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Always more studios in the group

The report also allows us to take stock of the acquisitions and the poles of Embracer, which continues to buy back, including outside the world of gaming now, with Dark Horse, the first pole dedicated to comics and films, and Asmodee, French board game publisher.

THQ Nordic and its 21 studios (+5), 988 employees

  • Alkimia Interactive
  • Appeal Studios
  • Ashborne Games
  • Black Forest Games
  • Bugbear Entertainment
  • Experiment 101
  • Gate 21
  • Grimiore Games
  • Gunfire Games
  • HandyGames
  • Massive Miniteam
  • metricminds
  • Mirage Game Studios
  • Nine Rocks Games
  • Pieces Interactive
  • Piranha Bytes
  • Purple Lamp
  • Pow Wow Entertainment
  • Rainbow Studios (two studios)
  • THQ Nordic (publisher)

KOCH Media and its 13 studios (+3), 2274 employees

  • Deep Silver (studio + label)
  • Deep Silver Fish Labs
  • Volition
  • DigixArt
  • Flying Wild Hog (three studios)
  • Vertigo Games (two studios + publisher)
  • Free Radical Design
  • Milestone (studio + publisher)
  • Voxler
  • Warhorse Studio
  • Prime Matter (label)
  • Ravenscourt (label)

Coffee Stain / Ghost Ship Games and its 7 studios (+3), 123 employees

  • Coffee Stain Studios (three studios)
  • Box Dragon
  • Easy Trigger
  • ghost ship
  • Lavapotion
  • Coffee Stain Publishing (publisher)
  • Iron Gate (partner studio)

Amplifier and its 16 studios (+5), 303 employees

  • C77
  • A Creative Endeavor
  • Destiny-Bit
  • Frame Break
  • Goose Byte Studio
  • Green Tile Digital
  • Invisible Walls
  • Misc Games
  • Palindrome Interactive
  • Plucky Bytes
  • Rare Earth Games
  • River End Games
  • SilentGames
  • Tarsier Studios
  • Vermilla Studios
  • Zapper Games
  • Framebunker (associated studio)
  • Kavalri Games (associated studio)
  • Neon Giant (associate studio)
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Saber Interactive and its 24 studios (+10), 2671 employees

  • 34 Big Things
  • 4A Games (2 studios)
  • Bytex
  • Demiurge Studios
  • DIGIC Pictures
  • Fractured Byte
  • Madhead Games
  • New World Interactive (2 studios)
  • Nimble Giant Entertainment (4 studios)
  • Shiver Entertainment
  • Snapshot Games
  • Slipgate
  • Smartphone Labs
  • Zen Studios
  • beamdog
  • Aspyr Media (studio + publisher)
  • 3D Realms (studio + label)
  • Saber (three studios and two labels)

DECA Games and its 10 studios (+5), 814 employees

  • DECA Games (4 studios)
  • A Thinking Ape
  • CrazyLabs (3 studios)
  • Firescore
  • IUGO

Easybrain, a studio and 271 employees

Asmodee, 22 studios and 2346 employees

  • Atomic Mass Games
  • bezzerwizzer
  • CATAN Studios
  • Days of Wonders
  • EDGE
  • Exploding Kittens
  • Fantasy Flight Games
  • Gamegenic
  • Libellud
  • Lookout Games
  • Mixlore
  • Pearl Games
  • Plan B
  • Purple Brain
  • rebel
  • Production rest
  • Space Cow
  • Space Cowboys
  • The Green Board Game
  • Unexpected Games
  • Z-Man Games
  • Zygomatic
  • 15 Asmodee distribution studios
  • 3 Blackfire distribution studios
  • Galapagos (distributor)
  • Lion Rampant(distributor)

Gearbox Entertainment and its 5 studios (+1), 961 employees

  • Gearbox Software
  • Gearbox Studio Quebec
  • Gearbox Studio Montreal
  • Cryptic Studios
  • Lost Boys Interactive
  • Gearbox Publishing (three publishers)

Dark Horse Media (Comics & Films) and its 180 employees

  • Dark Horse Comics (division)
  • Dark Horse Entertainment (Division)
  • Things from Another World (division)

And lots of games…

The list of all the games announced for release after the last financial report (some are automatically already released, suddenly):

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