Shift
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Documents about Shift
Aiming Annual Securities Report: 15th Fiscal Year
Aiming achieved a significant financial turnaround during the 15th fiscal year ending December 31, 2025, transitioning from the previous year’s operating losses to a robust profit.
- Aiming achieved a financial turnaround in the 15th fiscal year ending December 31, 2025, reporting 15.83 billion yen in sales, 2 billion yen in operating profit, and 1.08 billion yen in net income.
- The company’s financial position improved significantly, growing cash and cash equivalents to 5.5 billion yen and shifting from a retained earnings deficit to a surplus.
- Profitability was driven by disciplined management of selling, general, and administrative expenses alongside the strong performance of core MMO titles.
Shift Up 4Q25 Earnings Results
Shift Up achieved record-breaking annual financial results for fiscal year 2025, reporting total revenue of 294 billion KRW and an operating profit of 181 billion KRW.
- Shift Up reported record-breaking annual results for fiscal year 2025 with 294 billion KRW in total revenue and 181 billion KRW in operating profit.
- Fourth-quarter 2025 revenue reached 64.1 billion KRW, a 1% year-over-year increase, with an operating profit of 37.1 billion KRW.
- Operating expenses for Q4 2025 rose 4% quarter-over-quarter to 27 billion KRW, driven by live service investments despite lower variable transaction fees.
Shift Up 3Q25 Earnings Results
Shift Up’s third-quarter 2025 earnings report highlights a period of strong financial performance driven by the sustained popularity of its core intellectual properties, Goddess of Victory: NIKKE and Stellar Blade.
- Shift Up reported 75.5 billion KRW in total operating revenue for 3Q25, a 30.1% year-over-year increase, with a high operating profit margin of 65.6%.
- Operating profit reached 49.5 billion KRW, while net profit hit 54.6 billion KRW, significantly aided by foreign exchange gains and financial income.
- Goddess of Victory: NIKKE remains the primary revenue driver, contributing 44.5 billion KRW through consistent global traffic and seasonal events.
Shift Up 2Q25 Results
Shift Up achieved record-breaking financial performance in the second quarter of 2025, driven by the successful expansion of its flagship intellectual properties into new markets and platforms.
- Shift Up reported record 2Q25 revenue of 112.4 billion KRW, a 72.4% year-over-year increase, with an operating profit of 68.2 billion KRW and a 60.7% operating margin.
- The PC release of Stellar Blade on Steam sold over 1 million units in three days and reached nearly 200,000 concurrent users, pushing total lifetime sales across all platforms past 3 million units.
- Goddess of Victory: NIKKE remains a stable revenue driver, bolstered by its expansion into the Chinese market under the title Goddess of Victory: NEW HOPE and ongoing cross-IP collaborations.
Shift Up 1Q25 Results
Shift Up’s first-quarter 2025 financial results demonstrate a period of stable performance and strategic preparation for upcoming platform expansions and regional launches.
- Shift Up reported 1Q25 revenue of 42.2 billion KRW, a 13% year-over-year increase, and an operating profit of 26.3 billion KRW.
- Goddess of Victory: NIKKE remains the primary revenue driver, maintaining stable user engagement through seasonal events and collaborations in South Korea and North America.
- Stellar Blade continues to show steady momentum, with a PC platform expansion scheduled for release in June 2025.
Shift Up 4Q24 & FY2024 Financial Results
Shift Up’s financial results for the fourth quarter and full fiscal year 2024 demonstrate significant growth, driven by the sustained performance of its flagship intellectual properties.
- Shift Up achieved 219.9 billion KRW in annual revenue for 2024, a 30.4% year-over-year increase, with an annual operating profit of 148.6 billion KRW, up 33.8%.
- The company maintained a high 71% operating profit margin in Q4 2024, bolstered by disciplined cost management that saw labor costs drop 49% quarter-over-quarter.
- Growth is primarily driven by the mobile title Goddess of Victory: NIKKE and the successful April 2024 launch of the AAA console title Stellar Blade.
Shift Up 3Q 2024 Results
Shift Up’s third-quarter 2024 financial results reflect a period of stabilization following the initial launch surge of its major titles.
- Shift Up reported 58 billion KRW in Q3 2024 revenue, a 52.3% year-over-year increase but an 11% decline compared to the previous quarter.
- Operating profit reached 36 billion KRW with a 61.3% margin, though this represents a 21% decrease quarter-over-quarter due to softening revenue from Goddess of Victory: Nikke and Stellar Blade.
- Operating expenses rose 11.1% to 22.4 billion KRW, driven by an 11% increase in labor costs and a headcount expansion to 314 employees.
Gaming IPOs Through the Years: Platform Shifts and Regional Growth Explored
The gaming industry has experienced a significant shift in public market participation over the last decade, with approximately half of all currently traded video game developers and publishers listing between 2014 and 2024.
- Public gaming market capitalization has tripled over the last decade, significantly outpacing growth from 2004 to 2014.
- Asia dominates the sector with 46% of total global market share and the most established firms, which have a median age of 28 years.
- IPO momentum has stalled since 2022, with Shift Up standing as the only notable recent public listing.
Global Gaming Report: Q3 2024
The global gaming industry experienced a significant resurgence in deal activity during the third quarter of 2024, characterized by a 70% year-over-year increase in merger and acquisition volume.
- Global gaming M&A activity surged 70% year-over-year in Q3 2024, with 56 announced deals totaling $2.5 billion, anchored by Playtika’s $1.95 billion acquisition of SuperPlay.
- Private financing reached $1.18 billion across 181 deals, with early-stage investments heavily favoring blockchain (32% of deal flow) and platform tools (23%).
- Investment leadership is concentrated among key players, with Andreessen Horowitz and BITKRAFT leading Series A and B stages with 15 deals each, while Animoca Brands executed 38 strategic transactions.
Raport Bieżący Nr 53/2020: Zawiązanie Spółki Shift Games
PlayWay S.A. announced the establishment of a new subsidiary, Shift Games Spółka Akcyjna, headquartered in Warsaw, on December 18, 2020.
- PlayWay S.A. established a new subsidiary, Shift Games S.A., on December 18, 2020, to expand its portfolio through a satellite studio model.
- PlayWay S.A. holds a 68.63% majority stake in Shift Games, with 700,000 Series A shares.
- Shift Games launched with a share capital of 102,000 PLN, consisting of 1,020,000 shares valued at 0.10 PLN each.
Q2 2026 Earnings Release: Shift Up
Shift Up’s Q2 2026 earnings release highlights a period of stable financial performance and strategic preparation for future growth.
- Shift Up reported Q2 2026 revenue of KRW 55.7 billion, a 17.8% increase quarter-over-quarter, alongside a net profit of KRW 41.7 billion.
- The company maintains a high operating profit margin of 50.5%, despite a 50.4% year-over-year revenue decline.
- Goddess of Victory: NIKKE remains the primary revenue driver, achieving top-grossing status in Korea and Japan following its 3.5th-anniversary update.