Viktor Lindström's questions to Embracer Group AB (EBCRY) leadership • Q4 2025
Question
Viktor Lindström inquired about the underlying PC/Console margins excluding the impact of Kingdom Come: Deliverance II, the balance between game amortization and back-catalog revenue, and the strategic rationale for the revised Coffee Stain Group spin-off.
Answer
CEO Lars Wingefors explained that excluding the highly successful Kingdom Come: Deliverance II, the PC/Console segment had minimal profitability, which was primarily driven by the back catalog rather than other new releases. He noted that while some amortizations are painful, the goal is to improve ROI over time. Regarding the spin-off, he stated the aim is to create a focused, independent Coffee Stain Group with a strong culture, which is the 'most wise decision' for the business and its shareholders.