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Embracer CEO: PC “One of the Best Growth Drivers,” Consoles Will Have “a More Muted Year”

Embacer also expects growth from mobile games.

Giuseppe Nelvaby Giuseppe Nelva
August 15, 2024
in News
Reading Time: 3 mins read
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Today Embracer hosted its financial conference call, and CEO Lars Wingefors talked about the outlook of the gaming market broken down by platforms.

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During the livestreamed presentation, Wingefors mentioned that the PC market will be one of the best growth drivers this year, and goes “from strength to strength”

On the other hand, the company expects consoles to have a “more muted” year.

“When I look at the business, really, PC goes from strength to strength. We are expecting PC to be one of the best growth drivers in the market this year, but we also expect mobile to grow, as well as tabletop.

Consoles will have a more muted year, but still, it’s a fantastic console market if you bring all the right content to consumers. “

Below you can see an analysis of trends from the presentation, including a comparison with past years and a breakdown by platform family.

Embracer Platform Market Outlook

Incidentally, Wingefors’ opinion on the PC market echoes what was mentioned by Take-Two CEO Strauss Zelnick a few days ago. The executive mentioned that Four years ago, PC wasn’t anywhere near as meaningful as it is today for console-type releases, but now it’s “a big growth market.”

If you’d like to hear more about Embracer’s financial results, you can read our dedicated article from earlier today. The company’s sales and profits have dropped sharply year-on-year, even if its executives painted a somewhat optimistic picture mentioning “significantly improved” cash flow and lower net debt.

If you’d like to read more about gaming industry financial results besides Embracer, pretty much all the big companies have now announced theirs, and we have dedicated reports including Capcom, Koei Tecmo, Microsoft, Electronic Arts, Konami, Nintendo, Square Enix, Sega, Sony, Warner Bros. Discovery, Take-Two Interactive Software, and Nihon Falcom.

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