Dovetail Games
CompanyUnited Kingdom
Documents about Dovetail Games
Pullup Entertainment Full Year 2025/26 Earnings Presentation
Pullup Entertainment is strategically positioning itself to capitalize on a global gaming market currently expanding at a 5.3% compound annual growth rate, with particular emphasis on the surging PC sector.
- Pullup Entertainment reported €281.4 million in total revenue and €12.6 million in adjusted EBIT for the 2025/26 fiscal year.
- The company's back catalog generated €189 million in revenue, serving as a critical stabilizer against underperforming new releases.
- Management is implementing a strategy of operational rationalization, which includes reducing capital expenditure guidance to improve future profitability.
Annual Financial Report: 2025-2026
PULLUP Entertainment’s 2025-2026 fiscal year was defined by a strategic transition toward a federated holding company model, characterized by significant financial restructuring and a pivot toward long-term, recurring revenue.
- PULLUP Entertainment reported a net loss of €45.1 million for the 2025-2026 fiscal year, driven by a 28% revenue decline to €281.4 million and a €29.1 million impairment charge on Dotemu and other assets.
- The revenue contraction was primarily attributed to the lack of a major blockbuster release comparable to the previous year's Warhammer 40,000: Space Marine 2.
- The company achieved a record €189 million in back-catalogue performance, validating its strategic pivot toward live-service content and a diversified portfolio of AA and indie titles.
Rapport Financier Semestriel S1 2024/2025
Pullup Entertainment achieved a historic financial turnaround during the first half of the 2024/2025 fiscal year, reporting record revenue of €234.3 million.
- Pullup Entertainment achieved record H1 2024/2025 revenue of €234.3 million, a 176% year-over-year increase driven primarily by the launch of Warhammer 40,000: Space Marine 2.
- The company transitioned from a net loss to a positive EBITA of €48.3 million and a consolidated net income of €22.1 million.
- Operational risk is concentrated in a high dependency on Saber Interactive, which accounts for 30% of the company's projected investments over the next three years.
Pullup Entertainment Annual Financial Report CSR Report 2023-2024
PULLUP Entertainment, formerly known as Focus Entertainment, underwent a significant strategic and structural transformation during the 2023-2024 fiscal year.
- PULLUP Entertainment reported a consolidated net loss of €19.9 million for the 2023-2024 fiscal year, a sharp decline from the previous year's €7.3 million profit, despite maintaining stable revenue of €187.3 million.
- The financial downturn was primarily driven by the postponement of major titles like 'Warhammer 40,000: Space Marine 2' and a doubling of depreciation and amortization costs to €67 million.
- The company's back-catalogue performance was a key stabilizer, surging 89% to account for 66% of total annual sales.
Pullup Entertainment FY 2023/24 Annual Results
Pullup Entertainment generated €187.3 million in net revenue during the 2023/24 fiscal year, representing a 4% decline compared to the previous period.
- Pullup Entertainment reported €187.3 million in net revenue for FY 2023/24, a 4% year-over-year decline driven by the strategic postponement of major titles like Warhammer 40,000: Space Marine 2.
- The company’s back-catalog remains the primary financial driver, accounting for 66% of total annual revenue.
- Live portfolio games saw an 89% surge in earnings, highlighting a successful shift toward recurring revenue streams to offset base game sales volatility.
Focus Entertainment Half Year 2023/2024 Results
Focus Entertainment’s half-year results for 2023/2024 outline the company’s ongoing strategic transition toward a model centered on co-owned intellectual property, recurring revenue, and long-term franchise development.
- Focus Entertainment reported 85 million euros in revenue for the first half of fiscal year 2023/2024, a 30% year-over-year increase.
- The company recorded a net loss of 11.5 million euros and an EBITA of -1.5 million euros, driven by higher production costs, increased amortization, and the underperformance of Atlas Fallen.
- Back-catalogue titles were the primary revenue driver, accounting for 69% of total earnings, bolstered by live content for SnowRunner and Insurgency: Sandstorm.
Focus Entertainment Annual Financial Report & CSR Report 2022/23
Focus Entertainment achieved record-breaking financial results for the 2022/23 fiscal year, reporting a 36.2% increase in revenue to €194.1 million and a significant rise in net income to €7.3 million.
- Focus Entertainment achieved record-breaking fiscal 2022/23 results, with revenue growing 36.2% to €194.1 million and net income rising to €7.3 million.
- The company is executing a strategy to transition into a vertically integrated 'federation of talent,' supported by a pipeline of 46 games planned for release over the next three years.
- Investment in game development nearly doubled to €65.1 million, while net intangible assets grew to €118.3 million following the acquisitions of BlackMill Games, Black Soup GmbH, and Dovetail Games.