EMBRACER GROUP PUBLISHES Q2 2026/27 INTERIM REPORT, JULY TO SEPTEMBER
[ 11 November 2026 ]
Embracer Group has published its interim financial report for the second quarter of the 2026/27 financial year, covering July to September 2026. Fellowship Entertainment, which manages intellectual property including Tomb Raider, The Lord of the Rings and Kingdom Come Deliverance, recorded net sales of SEK 1,045 million, a decrease of 3% compared with SEK 1,072 million in the corresponding period last year. Organic sales declined by 2%, while Cash EBIT increased by 28% to SEK 124 million from SEK 97 million. The segment's Cash EBIT margin rose to 12% from 9%.
Fellowship Entertainment's Publishing & Development division reported net sales of SEK 727 million, down 26% from SEK 988 million, reflecting fewer externally financed development projects and limited new content releases. Catalogue sales declined by 9% to SEK 511 million. The Licensing division recorded net sales of SEK 317 million, compared with SEK 84 million a year earlier, representing an increase of 277%. Licensing revenue was supported by the release of Magic The Gathering The Hobbit. Fellowship Entertainment reported operating profit (EBIT) of SEK 291 million, compared with SEK 86 million in the previous year.
The report also provided an update on Tomb Raider Legacy of Atlantis, which remains scheduled for release on 12 February 2027. Embracer stated that the game's teaser exceeded seven million organic views in less than a week, while wishlists and pre-orders were above internal targets. The Collector's Edition sold out immediately, according to the company. A marketing campaign involving Amazon Games is scheduled to begin in December 2026. Tomb Raider Legacy of Atlantis is listed among Fellowship Entertainment's forthcoming releases alongside Warhammer 40,000 Dawn of War IV, Stage Tour and METRO 2039.
Embracer Group confirmed that preparations to separate Fellowship Entertainment into an independently listed company remain scheduled for the 2027 calendar year. Work during the reporting period included corporate governance, financing, organisational structure and future development plans. The company expects preparations for a capital markets event and stock exchange listing to progress during the second half of its financial year. Fellowship Entertainment currently operates nine studios and employed 2,061 people at the end of September 2026, compared with 2,281 a year earlier.
Across Embracer Group, second-quarter net sales increased by 14% to SEK 4,127 million, compared with SEK 3,628 million in the corresponding period last year. Operating profit reached SEK 121 million, compared with an operating loss of SEK 141 million, while Cash EBIT increased to SEK 203 million from a loss of SEK 66 million. The group's other operating segment, Embracer, recorded net sales of SEK 3,082 million, an increase of 21%. For the first six months of the financial year, group net sales reached SEK 8,070 million, up 19% year-on-year, with Cash EBIT of SEK 250 million compared with a loss of SEK 165 million. Embracer Group maintained its forecast of at least SEK 1 billion in Cash EBIT for the full 2026/27 financial year.
