The Swedish firm, which has a strategy of boosting growth through deals, said earlier this month it had bought eight companies at a combined value of 2.7 billion Swedish crowns ($308.4 million).

Embracer said on Wednesday it would buy U.S.-based Demiurge Studios, Estonia's OÜ Fractured Byte and Russian-based SmartPhone Labs. It did not disclose deal values but saidconditions were in line with its previous transactions.

Embracer's net sales rose 66% year-on-year to 3.43 billion crowns in the April-June period, its fiscal first quarter, while operating profit (EBITDA) increased 59% to 1.53 billion, it said in its earnings report.

Chief Executive Lars Wingefors said Embracer currently had around 8 billion crowns in net cash and 17 billion in available cash, including credit facilities.

"We continue to have a large number of ongoing discussions to join, including large or transformative acquisitions," he said in a statement.

Many gaming companies have prospered during the pandemic, as people stuck at home have spent increased time in front of smartphone screens.

($1 = 8.7551 Swedish crowns)

(Reporting by Helena Soderpalm; editing by Niklas Pollard)