Embracer cited Sled Surfers as the main driver of a 42% year-on-year rise in mobile net sales to $76.5m (SEK 759m) in its Q227 results.
The Swedish roll-up firm also said that it improved profitability “due to successful, balanced scaling of User Acquisition Costs”.
Sled Surfers was the continued to perform well and Embracer also namechecked Glow Fashion Idol as a durable performer with strong potential.
Its subsidiary Deca Games, through A Thinking Ape Entertainment, also acquired farming adventure game Island Hoppers from GDEV-owned Nexters during the quarter. The deal was valued at around $4.5m upfront, plus an earn-out of up to $0.5m.
Deca will continue to optimize the use of its talent and “search for accretive add-on acquisitions”, Embracer said.
Overall, Embracer net sales increased by 14% to ~$416m (SEK 4,127m) in its Q227.
Net sales split by operating segment show net sales at Fellowship Entertainment – essentially its Lord of the Rings, Tomb Raider and PC/console business – down 3% to around $105.3m (SEK 1,045m).
The rest of Embracer, which includes CrazyLabs, Deca, A Thinking Ape, THQ Nordic and more, saw net sales increase 21% to $310.6m (SEK 3,082m).
Embracer reported similar numbers in its previous earnings, again citing the growth of Sled Surfers. Prior to that Embracer wrote down the value of its mobile arm by $190m after the sale of Easybrain to Miniclip caused an earnings drop.
