this post was submitted on 17 Feb 2025
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Virtual Reality

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Embracer Group, the media conglomerate behind a host of game studios, announced in a recent financial report that Metro Awakening (2024) “underperformed” financial expectations.

Developed by Embracer Group’s Vertigo Games, Metro Awakening brought the storied post-apocalyptic shooter franchise to VR for the first time, serving as the latest ‘AAA’ quality VR game to target all major headsets, including Quest 2 and above, SteamVR headsets, and PSVR 2.

Now, in an October – December 2024 financial report, the company detailed revenue generated by its various properties, which included Let’s Sing 2025, Legacy of Kain: Soul Reaver 1-2 Remastered, Goat Simulator Remastered, and Metro Awakening.

“Metro Awakening had a positive reception from critics, winning the Steam VR Game of the Year award, but underperformed management financial expectations,” the Embracer Group report states.

The company says revenue for Q3 2024 was led by those releases mentioned above, amounting to SEK 235 million (~$22 million USD), marking a decrease of -50% year-over-year for the same period in the year prior.

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[–] [email protected] 8 points 4 days ago* (last edited 4 days ago)

I think this might be partially a wrong expectation based on regular PC game sales that peak on release and taper off quickly.

In the VR space, especially such AAA titles that are rare, I would expect a much longer tail in sales. For example there are probably still quite a few people buying HL: Alyx despite it's age.

[–] [email protected] 7 points 4 days ago

No shit, vr is still barely off the ground. Vr products are, at best, loss leaders and will be for a long time. At least until the economy recovers or headsets are cheap so people can actually buy them.

[–] FireTower 1 points 3 days ago

Shame really great game