Polymarket reduces workforce as competition with Kalshi intensifies
Contractors represented more than 50% of the cuts, a person familiar with the matter said. The company declined to disclose the overall share affected.
Embracer beats second-quarter earnings estimates, keeps annual outlook
The Swedish gaming company reported cash operating profit of 203 million Swedish crowns and said its Fellowship Entertainment spin-off remains on track for 2027.
Embracer reported second-quarter cash operating profit (EBIT) of 203 million Swedish crowns ($21 million) on November 11, exceeding the 114 million crowns forecast by analysts surveyed by the company.
The Swedish owner of Tomb Raider attributed the result to increased sales and reduced capital spending within its Embracer operating segment. It kept its forecast for cash EBIT of at least 1 billion crowns for the 2026/27 financial year.
For the third quarter, Embracer expects cash EBIT to be broadly unchanged from a year earlier. The company also said work on the planned separation of game developer Fellowship Entertainment was advancing well, with completion scheduled for 2027.
Embracer expects four game launches over the next two quarters, with the schedule including “Metro 2039” and “Tomb Raider: Legacy of Atlantis” in February.