Embracer Group, which has more than 100 internal studios and publishers, is planning more acquisitions. It is, however, getting more selective in choosing potential M&A targets.

That’s what Embracer CEO Lars Wingefors said in the group’s latest financial report. He said that the company noticed a growing number of inbound calls after Microsoft, Sony, and Take-Two announced their deals to acquire Activision Blizzard, Bungie, and Zynga respectively.

“However, we are more selective than ever,” Wingefors said. “The companies we welcome to our family need to have a long-term mindset, bold ambitions, and feel at home.” He also added that Embracer Group expects to keep growing its “eco system with more entrepreneurs and creators in the coming quarters and years.”

In its quarterly report, the holding company revealed that Metro Exodus reached 6 million copies sold. Borderlands 3 sold more than 15 million units to date, and Deep Rock Galactic surpassed 9 million copies sold.

Embracer Group now has 216 games in its pipeline, which is up 44% year-over-year. 25 of them are AAA titles, which are expected to come out before March 2026.

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