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'Lord of the Rings' Owner Embracer Reports 10% Drop in Entertainment Sales, Blames Tolkien IP for 'Lower Activity'

By Yahoo! Finance   |   Nov 14, 2024 at 04:35 AM EST
'Lord of the Rings' Owner Embracer Reports 10% Drop in Entertainment Sales, Blames Tolkien IP for 'Lower Activity'

Embracer reported a disappointing drop in net sales for Q2 2024, with a 21% decrease in the gaming group and a 10% decline in entertainment and services. Adjusted operating profit also fell by 33%, missing projections.

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