Embracer Group AB (EMBRAC_B) Q2 2026 Earnings Call

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Watch the replay and follow the connected company analysis, news, and investor updates for Embracer Group Ab Class B.

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WEBVTT 00:00:00.115 -- 00:00:04.461 Welcome to Embrace a Group Q2 Interim Report 2025-26. 00:00:04.461 -- 00:00:06.461 During 00:00:06.504 -- 00:00:11.491 the Q&A, participants on the telco are able to ask questions by dialing pound key five 00:00:11.491 -- 00:00:15.035 on their telephone keypad. No written comments. 00:00:15.035 -- 00:00:20.583 Now we'll hand the conference over to CEO, Bill Rogers, and CFO, Mugge Boyan. 00:00:20.583 -- 00:00:22.606 Please go ahead. 00:00:22.606 -- 00:00:27.432 Thank you. And good morning, everyone, and thank you for joining our webcast today to 00:00:27.432 -- 00:00:30.654 cover our Q2 results. 00:00:32.313 -- 00:00:35.360 Muge and I are talking to you today from our Stockholm office again. 00:00:35.360 -- 00:00:40.291 We have a short presentation to cover the main beats for our operating segments and look 00:00:40.291 -- 00:00:45.423 at our financial performance and then closing on some key steps looking ahead before 00:00:45.423 -- 00:00:50.555 turning over to Q&A. So with that, we'll get straight in. 00:00:50.555 -- 00:00:52.837 And this covers 00:00:52.837 -- 00:00:56.619 really the highlights for Q2. So overall, 00:00:57.222 -- 00:01:02.147 Q2 results reflect a soft quarter for new PC console releases. 00:01:02.147 -- 00:01:08.614 Net sales were 3.8 billion sec, which represents a 19% 00:01:08.614 -- 00:01:13.620 year-over-year decline, but a 6% organic growth when 00:01:13.620 -- 00:01:18.584 we consider the impact of our divestments and FX. 00:01:18.584 -- 00:01:23.592 And amongst that, we saw solid performances from two really important IPs. 00:01:23.592 -- 00:01:28.158 We saw strong merchandising sales within Middle Earth Enterprises. 00:01:28.158 -- 00:01:33.687 And on Kingdom Come Deliverance, we were delighted to see in...