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Warhammer 40,000: Space Marine

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Documents about Warhammer 40,000: Space Marine

Cover of Pullup Entertainment 2025/26 Full-Year Earnings
Financial report8 pages

Pullup Entertainment 2025/26 Full-Year Earnings

Pullup Entertainment’s full-year earnings for the 2025/26 fiscal year, ending March 31, 2026, reflect a period of strategic transition and financial recalibration.

  • Pullup Entertainment reported annual revenue of €281.4 million for the 2025/26 fiscal year, representing a 27.8% decrease compared to the previous year.
  • The company achieved an adjusted EBIT of €12.6 million while recording a net loss of €12.9 million for the period ending March 31, 2026.
  • Back catalogue sales reached a record €189 million, accounting for 67% of total annual revenue as the company shifts toward recurring income streams.
Pullup EntertainmentJun 2026
Cover of Pullup Entertainment: 2025/26 Fourth-Quarter Revenue
Financial report4 pages

Pullup Entertainment: 2025/26 Fourth-Quarter Revenue

Pullup Entertainment, a Paris-based video game publisher and developer, reported its financial results for the fourth quarter and full fiscal year 2025/26.

  • Pullup Entertainment reported €281.4 million in total annual revenue for fiscal year 2025/26, representing a 27.8% year-over-year decline compared to the previous period.
  • The company’s back catalogue generated €189.0 million, accounting for 67% of total annual revenue and marking a nearly threefold increase since the 2022/23 fiscal year.
  • Management updated its financial guidance to an adjusted EBIT of €10 million to €15 million for the 2025/26 fiscal year, citing a highly competitive market and mixed performance from new releases.
Pullup EntertainmentApr 2026
Cover of Annual Financial Report: 2025-2026
Financial report102 pages

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.
Pullup EntertainmentMar 2026
Cover of Pullup Entertainment First-Half 2025/26 Earnings
Financial report9 pages

Pullup Entertainment First-Half 2025/26 Earnings

Pullup Entertainment reported revenue of €132.6 million for the first half of the 2025/26 fiscal year, representing the second-best first-half performance in the group’s history.

  • Pullup Entertainment reported H1 2025/26 revenue of €132.6 million, a 43% decline from the previous year due to the prior-period impact of Warhammer 40,000: Space Marine 2.
  • The company achieved an adjusted EBIT of €14.2 million while maintaining its financial targets for the current and next two fiscal years.
  • Back catalogue revenue grew by 44.4% to €93.7 million, driven by live operations and sustained engagement with proprietary brands like Train Sim World and Absolum.
Pullup EntertainmentDec 2025
Cover of Pullup Entertainment 2025/26 First-Half Revenue
Financial report4 pages

Pullup Entertainment 2025/26 First-Half Revenue

Pullup Entertainment reported revenue of €132.6 million for the first half of the 2025/26 fiscal year, marking the second-best performance in the company’s history.

  • Pullup Entertainment reported H1 2025/26 revenue of €132.6 million, a 43.4% decline from the previous year due to the absence of a major launch comparable to Warhammer 40,000: Space Marine 2.
  • Back catalogue revenue reached a record €93.7 million, representing a 44.4% year-over-year increase driven by live operations for titles like SnowRunner, Insurgency: Sandstorm, and the Train Sim World franchise.
  • The Train Sim World franchise has officially surpassed €100 million in lifetime consumer spending, underscoring the success of the company's long-term revenue recurrence strategy.
Pullup EntertainmentOct 2025
Cover of Pullup Entertainment Q1 2025/26 Earnings Results
Financial report4 pages

Pullup Entertainment Q1 2025/26 Earnings Results

Pullup Entertainment reported record-breaking financial results for the first quarter of the 2025/26 fiscal year, ending June 30, 2025.

  • Pullup Entertainment achieved record-breaking Q1 2025/26 revenue of €79.3 million, a 132% year-over-year increase that surpassed the previous 2020/21 record by 23%.
  • The company's back catalogue was the primary growth driver, generating €58.4 million—a 91% increase—led by Warhammer 40,000: Space Marine 2, Train Sim World 5, and SnowRunner.
  • New releases contributed €18.6 million to the quarterly total, driven by the launch of Roadcraft, which outperformed internal expectations to become one of the most successful launches in Focus Entertainment Publishing history.
Pullup EntertainmentJul 2025
Cover of Pullup Entertainment Full Year 2024/2025 Earnings
Financial report23 pages

Pullup Entertainment Full Year 2024/2025 Earnings

Pullup Entertainment’s fiscal year 2024/2025 earnings report highlights a period of significant financial growth and operational success, anchored by the record-breaking launch of Warhammer 40,000: Space Marine 2.

  • Pullup Entertainment achieved €390 million in total revenue for fiscal year 2024/2025, marking a 108% increase driven primarily by the launch of Warhammer 40,000: Space Marine 2.
  • Adjusted EBIT reached €60.3 million, hitting the top end of company guidance, while EBITDA rose to €138.9 million.
  • The company significantly strengthened its balance sheet by reducing net debt to €70.1 million, down from €132.6 million in the previous fiscal year.
Pullup EntertainmentJun 2025
Cover of Pullup Entertainment Q3 2024/25 Revenue
Financial report4 pages

Pullup Entertainment Q3 2024/25 Revenue

Pullup Entertainment reported record-breaking financial results for the third quarter of the 2024/25 fiscal year, achieving revenue of €100.8 million.

  • Pullup Entertainment reported Q3 2024/25 revenue of €100.8 million, a significant increase from €43.3 million in the same period last year.
  • Total revenue for the first nine months of the fiscal year reached €335.1 million, representing a 161% year-over-year growth rate.
  • Warhammer 40,000: Space Marine 2 served as a primary growth driver, surpassing 6 million unique players and achieving Platinum status on Steam.
Pullup EntertainmentJan 2025
Cover of Annual Financial Report and Non-Financial Performance Statement 2024-2025
Financial report101 pages

Annual Financial Report and Non-Financial Performance Statement 2024-2025

PULLUP Entertainment, formerly Focus Entertainment, achieved a transformative financial recovery during the 2024/25 fiscal year, characterized by record-breaking growth and a strategic corporate reorganization.

  • PULLUP Entertainment achieved a financial turnaround in 2024/25, reporting a 108% revenue increase to €390.0 million and a net profit of €19.4 million, compared to a €19.9 million loss the previous year.
  • The commercial success of Warhammer 40,000: Space Marine 2, which attracted over 7 million players, served as the primary catalyst for the company's record-breaking growth.
  • The company significantly improved its balance sheet by nearly halving net debt from €132.6 million to €70.1 million, supported by a €23.1 million capital increase and strong cash generation.
Pullup EntertainmentJan 2025
Cover of Pullup Entertainment: Half Year 2024/2025 Results
Financial report16 pages

Pullup Entertainment: Half Year 2024/2025 Results

Pullup Entertainment’s H1 2024/2025 financial results demonstrate a period of significant growth and operational success, driven primarily by the high-performance launch of Warhammer 40,000: Space Marine 2.

  • Pullup Entertainment reported H1 2024/2025 revenue of €234.3 million, representing a 176% increase over the previous fiscal year driven by the launch of Warhammer 40,000: Space Marine 2.
  • The company achieved a record EBITA of €48.3 million, marking a significant turnaround from the €1.5 million loss recorded in H1 2023/2024.
  • Operational efficiency improved as a 25% increase in sales and marketing expenditure yielded a 176% rise in top-line revenue growth.
Pullup EntertainmentDec 2024
Cover of Rapport Financier Semestriel S1 2024/2025
Financial report32 pages

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 EntertainmentDec 2024
Cover of Embracer Group Q1 Interim Report: FY 2023/24
Financial report25 pages

Embracer Group Q1 Interim Report: FY 2023/24

The Embracer Group Q1 Interim Report for the 2023/24 fiscal year outlines the company’s financial performance and strategic restructuring efforts during the period of April to June 2023.

  • Embracer Group is executing a restructuring program targeting SEK 2.9 billion in annual capital expenditure savings and SEK 0.8 billion in annual overhead savings by the end of the 2024/25 fiscal year.
  • The company aims to reduce net debt to below SEK 8.0 billion by the end of the 2023/24 fiscal year through project consolidation and a new group-wide investment greenlighting process.
  • Q1 net sales reached SEK 10,450 million, a 47% year-over-year increase, while adjusted EBIT rose 27% to SEK 1,673 million.
Embracer GroupOct 2024