Redeye comments on Embracers Q2 2022/23 report. Net sales came in 4% higher than our estimates, while Adj EBIT was 3% below, driven by a weaker gross margin and somewhat higher underlying costs. Additionally, Embracer reduced its guidance for FY 2022/2023 due to the weaker mixed reception from recent PC/Console releases and a delay of its major upcoming AAA release Dead Island 2.