The company announced in April 2024 that it will split into three separate publicly traded companies by April 2026: Fellowship Entertainment (managing Tolkien and 300+ game IPs), Asmodee Group (board/card games), and a third entity under Coffee Stain Group. This restructuring positions each segment for independent growth while maintaining strong intellectual property portfolios and established publishing infrastructure across global markets.
Cyborg Score Rationale
Embracer Group has a 30% probability of bankruptcy based on latest financial disclosures. While the company generated $1.77B in trailing 12-month revenue, valuation pressures and the complexity of executing a three-way split create execution risk. However, the portfolio of owned IPs and global publishing infrastructure provide structural strengths.
Top Insights
Company is executing a complex three-way split into Fellowship Entertainment, Asmodee Group, and a Coffee Stain entity, effective April 2026, representing a major corporate restructuring.
Stock has declined significantly with market cap of $1.32B as of February 23, 2026.
Embracer operates 54 internal game development studios with over 6,500 employees across nearly 30 countries.
Geographic revenue concentration is strongest in the United States with balance from Europe and other markets.
Named Competitors
Electronic Arts — AAA game publisher and developer
Take-Two Interactive — Console and PC game publisher
Wizards of the Coast — Tabletop gaming and card games
Recent Developments
(February 2026) Earnings announcement with stock trading near $5.92 USD
(February 2025) Asmodee Group separation completed and became standalone entity
(April 2024) Major announcement of three-way split plan with Fellowship Entertainment as legal successor to Embracer Group
Open the full interactive Embracer Group AB report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.