SHIFT UP posted its highest results since its founding last year, powered by steady growth of its flagship titles "Goddess of Victory: Nikke" and "Stellar Blade."
SHIFT UP disclosed on the 11th that last year's revenue rose 31.3% from a year earlier to 294.2 billion won. Operating profit came to 181.1 billion won, up 18.6% over the same period. Net profit increased 29.2% to 191.1 billion won.
The operating margin was 61.6%.
Solid performance from the core intellectual properties "Goddess of Victory: Nikke" and "Stellar Blade" drove the results. For "Goddess of Victory: Nikke," third-anniversary events were a hit, boosting the user base, and "Stellar Blade" also maintained stable sales momentum, the company said.
Annual revenue came to 166.8 billion won for "Goddess of Victory: Nikke" and 115.8 billion won for "Stellar Blade."
In the fourth quarter last year, SHIFT UP's revenue was 64.1 billion won, up 1% from a year earlier. Operating profit fell 19.6% over the same period to 37.1 billion won.
SHIFT UP said it will release information within the year, including the preparation status of its next title, "Project Spirit." A company official said, "Under strategic collaboration with a global partner, we have entered a stable development trajectory," adding, "We are aiming for a high level of polish as a next-generation flagship title with global scalability in mind."
It will also announce a concrete mid- to long-term shareholder return policy in the first half of this year and then implement it in stages.