Shift Up, the developer of Stellar Blade and Goddess of Victory: Nikke, reported it achieved record revenue during its Q2 earnings report.
Eve in Stellar Blade (2024), Shift Up
According to a report from Game World Observer, Shift Up’s revenue hit $48 million for the quarter, which ended June 30, 2024. That is up 65.4% year-over-year. Furthermore, the company did not hit only have record revenues, but it also achieved an operating profit of $33.1 million, which is up 49% year-over-year. Net profit grew 5.1% to $29.7 million.
As for the breakdown of the company’s revenue, 58.9% of it or $28.3 million came from Goddess of Victory: Nikke. Stellar Blade brought in $19 million for the quarter.
Eve in Stellar Blade (2024), Shift Up
READ: ‘Stellar Blade’ Content Road Map Reportedly Leaks And Seemingly Confirmed By Shift Up
In the company’s initial stock report for its initial IPO back in June, Shift Up detailed that Stellar Blade brought in $4.5 million in April and $11.3 million in May for a total of $15.8 million. Given Stellar Blade raked in $19 million for the quarter, the game brought in $3.2 million in June.
Shift Up acknowledged that sales had slowed, but are “steady,” Nevertheless, it believes the game “has established itself as a large global IP.”
A screenshot of Stellar Blade (2024), Shift Up
As previously reported, the developer is working on DLC and has plans for a sequel. It is also planning to continue to introduce new character skins and will have a collaboration introduced by the end of the year. There might be more than one collaboration as well given the company’s CEO Hyung-Tae Kim all but confirmed that at least one collaboration will be the company’s Goddess of Victory: Nikke game.
In fact, Kim previously shared that the company was exploring a number of potential opportunities for synergy between the two games. Any kind of collaboration that happens within Stellar Blade will likely be paid DLC rather than a free rollout.
Furthermore, sales will likely be bolstered in the future as the developer is working on a PC release for the game given the AAA video game audience has shifted away from consoles to PCs.
Sobrio86 on X
What do you make of Shift Up’s revenue hitting record levels?
