Earnings Before Interest, Taxes, Depreciation, and Amortization
Middle-earth Enterprises & Friends is a placeholder name and the legal successor to Embracer Group. It will be used for triple-A game development and publishing for its major IP properties, and will include Crystal Dynamics, Dambuster, Eidos Montreal, Flying Wild Hog, Tripwire, Vertigo Games, Warhorse Studios, and 4A Games, as well as publishers Plaion, Dark Horse Comics, and Freemode.
In the first business quarter of 2024-25 (ending June 2024), Middle-earth & Friends generated about 500 million Swedish kronor in earnings before interest, taxes, depreciation, and amortization (EBITDA). Due to the restructuring of the gaming conglomerate The Embracer Group, Middle-earth, the AAA video gaming and comic book business segment, will be spun off into an independent company.
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Embracer Group. (August 15, 2024). Quarterly EBITDA generated by Middle-earth & Friends from 1st fiscal quarter 2023-24 to 1st fiscal quarter 2024-25 (in billion Swedish kronor) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 23, 2026, from /statistics/1472277/middle-earth-and-friends-quarterly-ebitda/
Embracer Group. "Quarterly EBITDA generated by Middle-earth & Friends from 1st fiscal quarter 2023-24 to 1st fiscal quarter 2024-25 (in billion Swedish kronor)." Chart. August 15, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 23, 2026. /statistics/1472277/middle-earth-and-friends-quarterly-ebitda/
Embracer Group. (2024). Quarterly EBITDA generated by Middle-earth & Friends from 1st fiscal quarter 2023-24 to 1st fiscal quarter 2024-25 (in billion Swedish kronor). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 23, 2026. /statistics/1472277/middle-earth-and-friends-quarterly-ebitda/
Embracer Group. "Quarterly Ebitda Generated by Middle-earth & Friends from 1st Fiscal Quarter 2023-24 to 1st Fiscal Quarter 2024-25 (in Billion Swedish Kronor)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Aug 2024, /statistics/1472277/middle-earth-and-friends-quarterly-ebitda/
Embracer Group, Quarterly EBITDA generated by Middle-earth & Friends from 1st fiscal quarter 2023-24 to 1st fiscal quarter 2024-25 (in billion Swedish kronor) ÌÇÐÄÆƽâ°æ, /statistics/1472277/middle-earth-and-friends-quarterly-ebitda/ (last visited July 23, 2026)
Quarterly EBITDA generated by Middle-earth & Friends from 1st fiscal quarter 2023-24 to 1st fiscal quarter 2024-25 (in billion Swedish kronor) [Graph], Embracer Group, August 15, 2024. [Online]. Available: /statistics/1472277/middle-earth-and-friends-quarterly-ebitda/
