💨 Abstract

Swedish games developer Embracer, the owner of the Tomb Raider franchise, reported a 33% drop in second-quarter operating profit to 1.2 billion Swedish crowns ($109.18 million), missing analyst expectations due to game release delays in a seasonally softer quarter. The CEO expects lower earnings for the year due to the delay of several anticipated second-half releases.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖