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Embracer Group today reported its fourth quarter and fiscal year earnings, showing that the company’s aggressive acquisition strategy has bolstered top-line growth more than the bottom line.
For the year ended March 31, Embracer Group reported net sales up 72% to SEK 9.02 billion ($1.09 billion), with net profits up less than 2% to SEK 287 million ($34.6 million).
The fourth quarter was particularly strong for Embracer, fueled by the Early Access launch of Iron Gate Studio and Coffee Stain’s breakout hit Valheim, which has sold 6.8 million copies.
Net sales for the quarter were up 80% to