EA - Embracer: Easy Comp And Great 'Kingdom Come' Release To Juice Q4
2025-02-22 08:51:39 ET
Summary
- Embracer has a bottoming out in performance in the Q3, especially after restructuring and defending profitability last calendar year.
- For the coming Q4, comps are easy due to a dismal Q3 Payday 3 release last year and weak launches in the last Q4. The latest "Kingdom Come" release is a blockbuster.
- Though we do note that Hyper Light Breaker, a really promising title, ended up not being great, met with "mixed" (bad) Steam reviews and seemingly limited commercial success.
- The stock is cheaper than some peers, which are more or similarly beleaguered, even though it's more expensive in multiples than Ubisoft, which is in significant trouble.
- They're not the best around in terms of publishing record, and have a record of some big commercial mistakes, but their valuation makes them watchlist worthy regardless.
...
Embracer: Easy Comp And Great 'Kingdom Come' Release To Juice Q4