- Business
- Embracer Group AB (publ) is a Swedish video game and media holding company that develops, publishes, and distributes PC, console, mobile, VR, and tabletop games worldwide; publishes films and comic books; and trades card games through its operative groups including THQ Nordic, PLAION, Coffee Stain, DECA Games, Dark Horse, Freemode, and Crystal Dynamics – Eidos. Founded in 1990 and headquartered in Karlstad, Sweden, the company operates 69 internal game development studios, employs nearly 7,000 people across nearly 30 countries, and maintains an extensive catalog of over 450 owned or controlled franchises such as Kingdom Come: Deliverance, Darksiders, and Satisfactory. It serves gamers, entertainment consumers, and collectors via digital platforms, physical retail, and direct-to-consumer channels in segments spanning PC/console games, mobile games, tabletop games, and entertainment services.
The company pursues a decentralized structure empowering entrepreneurial operative groups while focusing on IP preservation, organic growth, and strategic optimization. Embracer Group continues its multi-year transformation announced in April 2024, separating into three standalone publicly listed entities on Nasdaq Stockholm: Asmodee Group (spun off and trading independently since February 2025), Coffee Stain Group, and Fellowship Entertainment (formerly Middle-earth Enterprises and others, with a planned name change); Lars Wingefors AB establishes a private holding company, Embracer AB, to retain shares in these entities and potentially others. Recent divestitures include Arc Games and Cryptic Studios to Project Golden Arc for $30 million in November 2025 as part of asset optimization, alongside a comprehensive restructuring program through FY 2024/25 that reduced headcount by 1,857, cut capex by at least SEK 2.9 billion, and improved cash flow; Kingdom Come: Deliverance II launched successfully in February 2025, exceeding expectations and bolstering the IP portfolio. In January 2025, it executed a 1:6 reverse share split to consolidate shares.