It would be easy to look at this week’s headlines and conclude that Europe’s game publishing sector is in terminal decline. Results from Ubisoft and Embracer, released within hours of each other on Wednesday, both looked bleak in different ways. Ubisoft’s revenue slumped again, while Embracer beat its Q4 estimates – but the focus for both firms was on their years-long restructuring efforts, which have yet to bear much fruit that isn’t hard and bitter.
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