Stellar Blade Boosts SHIFT UP Corporation’s Quarterly Revenues
The release of Stellar Blade led to SHIFT UP Corporation’s highest quarterly revenues ever. In Q2 2024, the company reported an operating revenue of 65.2 trillion KRW (approx. 46.2 million euros), a 74.4% increase from the previous quarter and a 65.4% annual growth. Stellar Blade contributed 25.9 trillion KRW (approx. 18.3 million euros) to these exceptional revenues, debuting on the PS5 in April 2024.
Financial Performance and Future Plans
Stellar Blade, designed exclusively for the PlayStation 5, greatly influenced the company’s strong financial performance. Selling over a million copies in the first two months after launch, it has become a significant global brand. Despite sales stabilizing, the game continues to perform well, with plans for further expansion. Operational profitability notably improved, with quarterly EBITDA at 46.1 trillion KRW (approx. 32.7 million euros) and an operating profit of 45.1 trillion KRW (approx. 32.0 million euros).
Company’s Solid Financial Health
Besides Stellar Blade, another key title, Goddess of Victory: Nikke, has sustained user engagement through updates and anniversary events. The company anticipates significant events in the second half of 2024 to boost user engagement and financial performance further.
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