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Embracer Group information


Embracer Group AB
Formerly
  • Nordic Games Licensing AB (2011–2016)
  • THQ Nordic AB (2016–2019)
Company typePublic
Traded as
Nasdaq Stockholm: EMBRAC B
ISINSE0013121589
IndustryVideo games
Founded2011; 13 years ago (2011)
FounderLars Wingefors
Headquarters
Karlstad
,
Sweden
Key people
  • Kicki Wallje-Lund (chairman)[1]
  • Lars Wingefors (CEO)[1]
  • Erik Stenberg (deputy CEO)[1]
  • Johan Ekström (CFO)[1]
RevenueIncrease 38.074 billion kr[2] (2023)
Operating income
Increase 0.194 billion kr[2] (2023)
Net income
Increase 4.462 billion kr[2] (2023)
Total assetsIncrease 116.071 billion kr[2] (2023)
Total equityIncrease 64.721 billion kr[2] (2023)
Owners
  • Lars Wingefors AB (20.85%)[3]
  • Savvy Games Group (8.08%)[3]
Number of employees
15,218 (2023)
ParentNordic Games Group (2011–2016)
SubsidiariesSee § Subsidiaries
Websiteembracer.com

Embracer Group AB (formerly Nordic Games Licensing AB and THQ Nordic AB) is a Swedish video game and media holding company based in Karlstad. The company comprises 11 operative groups: Amplifier Game Invest, Asmodee, CDE Entertainment, Coffee Stain, Dark Horse Media, Deca Games, Easybrain, Freemode, Gearbox Entertainment, Plaion, and THQ Nordic.

Embracer Group was established as Nordic Games Licensing within Nordic Games Group in 2011. The latter had previously purchased assets from the bankrupt publisher JoWooD and established Nordic Games GmbH (a subsidiary of Nordic Games Licensing) to manage them. Nordic Games Licensing continued to purchase intellectual property from defunct publishers, notably several THQ products in 2013, followed by the "THQ" trademark in 2014. In August 2016, Nordic Games Licensing and Nordic Games GmbH changed their names to THQ Nordic. The parent company became a public company in 2016 and was renamed Embracer Group in 2019. Until 2023, Embracer Group rapidly grew through major acquisitions and investments. After a US$2 billion investment unexpectedly fell through, the company was more than $2 billion in debt and began closing and selling multiple studios and while laying off people at others.

On April 22, 2024, Embracer Group announced its intention to transform into three standalone publicly listed entities on Nasdaq Stockholm within the next two years: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends.[4]

  1. ^ a b c d Cite error: The named reference Embracer: Board and Management was invoked but never defined (see the help page).
  2. ^ a b c d e Cite error: The named reference Embracer: Annual Report 2023 was invoked but never defined (see the help page).
  3. ^ a b Cite error: The named reference Embracer: Prospectus was invoked but never defined (see the help page).
  4. ^ MarketScreener (22 April 2024). "Invitation to presentation of Embracer Group's intention to transform into three standalone publicly listed entities at Nasdaq Stockholm - MarketScreener". www.marketscreener.com. Retrieved 22 April 2024.

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