Hot Wheels Unleashed broke even on second day of sales, Milestone says

Hot Wheels Unleashed is one of the most successful games in Embracer's Q3 period with over 1 million copies sold in the period.

Published Sat, Feb 19 2022 1:51 PM CST   |   Updated Wed, Mar 16 2022 9:58 PM CDT

Hot Wheels Unleashed was one of Embracer's most important games of 2021 and was profitable the second day of release.

Hot Wheels Unleashed broke even on second day of sales, Milestone says 882 |

Following 1 million sales in the quarter, Hot Wheels Unleashed was a powerful driver for Embracer's holiday 2021 earnings. The game did so well that it broke even after its first day on the market and became profitable on day two.

"Hot wheels has been a success for us, considering the very first day of launch, with our revenue we covered development, marketing and production costs. So in the very second day we were in the profit area," Milestone CEO Luisa Bixio said during Embracer's Q3 presentation.

"Hot Wheels is not just financial, it has been a beautiful adventure for Milestone in terms of 50 million+ views. That means visibility, partnership, relationships with first-parties. We've learned a lot in the company while producing Hot Wheels, which was something different from the products we normally make."

Hot Wheels Unleashed broke even on second day of sales, Milestone says 32 |

The racer helped Koch Media's segment earn 728 million SEK ($77.49 million) throughout the quarter. Milestone's revenues have also grown substantially since being acquired by Koch, with a 55% jump in net sales and a mighty 88% spike in operational EBIT between 2020 and 2021.

Hot Wheels Unleashed broke even on second day of sales, Milestone says 3 |

The main revenue driver for the quarter was strong back catalog performance, which exceeded management's expectations. The major contribution was the success of the recently released Hot Wheels Unleashed developed and published by Milestone. Since its launch on September 30, Hot Wheels Unleashed™ had sold one million copies worldwide in December

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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