Embracer Group AB (OTC:THQQF) released its financial results for the first quarter of its 2024 fiscal year, revealing a 24% year-on-year decline in net sales, amounting to $754 million (7.9 billion SEK). Q1 2024 Financial Breakdown: Key Insights And Revenue Trends The first quarter of 2024 presented challenges for this Swedish-based company’s various business segments. PC and console gaming, one of the company's significant revenue sources, experienced a 34% decline, GamesIndustry.biz reported. See Also: Embracer Signals Further Layoffs: 1,387 Job Cuts Only The Beginning This reduction was largely influenced by the comparison to the second quarter of 2023, when Dead Island 2 was released by Plaion, a subsidiary of Embracer. The current quarter's lineup, which included titles like Homeworld 3 and MotoGP 24, did not achieve similar sales milestones. For the quarter ...