Swedish games group Embracer meets Q1 operating profit forecast (updated)

Embracer AB

15/08/2024 06:12

(Adds details of results, paragraph 2)
       Aug 15 (Reuters) - Swedish games developer Embracer
 EMBRACb.ST  posted first-quarter operating profit in line with
expectations on Thursday, driven by growth in the Tabletop and
Mobile segments amid fewer game releases in a seasonally softer
quarter. 
    The owner of the Tomb Raider franchise said its adjusted
operating profit fell 50% to 828 million Swedish crowns ($79.16
million) in the first quarter through June, just below analysts'
forecast of 839 million crowns in a company-provided consensus.
($1 = 10.4601 Swedish crowns)

 (Reporting by Jesus Calero and Tilla Sjaavaag; Editing by
Sonali Paul and Muralikumar Anantharaman)
 ((Jesus.calero@thomsonreuters.com))