LogInImage Credit: Pieces Interactive, Alone in the Dark
Embracer Group, a well-known video game company headquartered in Sweden, released its latest earnings report on Thursday. The report mentioned that sales for the reboot of The Alone in the Dark failed to meet the company's expectations.
"results were also impacted by a softer-than-expected performance for the two titles Alone in the Dark and Outcast: A New Beginning, developed and published by THQ Nordic."
Despite this, the report acknowledged that the main revenue drivers among new releases in the quarter were games like Star Wars: Battlefront Classic Collection, Tomb Raider I-III Remastered as well as Alone in the Dark.
The report continued, stating:
“Alone in the Dark and Outcast: A New Beginning both received positive user reception, but critics had mixed reviews, and ultimately, the games performed below management's expectations."
Image Credit: Pieces Interactive, Alone in the Dark
As spotted by Insider Gaming, layoffs at the game's developer, Pieces Interactive, surfaced last month when employees began posting about them online, just a month after the launch of Alone in the Dark on March 20. While Embracer Group has not publicly commented on the layoffs, the financial report for the fiscal year seems to provide some clarity.
Image Credit: Pieces Interactive, Alone in the Dark
In the past year, Embracer Group has undergone significant changes. Following the sale of Gearbox to Take-Two for $460 million in March, which is part of Embracer's restructuring that led to several studio closures, project cancellations, and layoffs, on April 22, Embracer announced a further restructuring into three separate companies. Just a few days ago, Nintendo announced its acquisition of Shiver Entertainment from Embracer Group.
Read the financial report here to learn more about Embracer Group's performance in the fiscal year and don't forget to join our 80 Level Talent platform and our Telegram channel and follow us on Instagram, Twitter, and LinkedIn, where we share breakdowns, the latest news, awesome artworks, and more.