Pullup Entertainment 2026/27 First-Quarter Revenue

Pullup Entertainment recorded €44.4 million in revenue for the first quarter of the 2026/27 fiscal year, representing a 44.0% decrease compared to the same period in the previous year. This decline is primarily attributed to a significant reduction in revenue from new releases, which fell to €1.9 million from €18.6 million, and a year-over-year variance in deferred revenue. Despite the headline decline, the company’s back catalogue demonstrated resilience, remaining stable at €39.3 million when excluding the impact of deferred revenue, nearly matching the €39.4 million recorded in the first quarter of 2025/26.

The company’s financial performance is underpinned by a diverse portfolio of established titles, including Absolum, Atomic Heart, SnowRunner, and the Warhammer 40,000: Space Marine series. Notably, the A Plague Tale franchise has maintained strong momentum, selling over 500,000 copies since the announcement of the upcoming Resonance: A Plague Tale Legacy. These results highlight the effectiveness of the group’s strategy to prioritize long-term player engagement through live operations and the sustained value of its back catalogue.

Looking ahead, the organization is focused on a transition toward greater asset ownership, with 14 projects currently in development. The upcoming release schedule features a mix of proprietary and co-owned intellectual properties, such as Road Kings, Gallipoli, and Warhammer Age of Sigmar: Deathmaster. By leveraging its publishing divisions—Focus Entertainment and Dotemu—and its internal development studios, the company aims to strengthen its position within the competitive AA and indie gaming segments while maintaining strict financial discipline to drive future growth.