Shift Up posts 21.5 billion won in operating profit for Q1, down 18.1% from a year earlier

Shift Up posted Q1 consolidated revenue of KRW 47.3 billion, operating profit of KRW 21.5 billion, and net profit of KRW 37.8 billion.

Revenue rose year over year, but operating profit fell as payroll and other operating costs increased and key IP sales softened from the previous quarter.

The company highlighted a major update for Goddess of Victory: Nikke and disciplined sales management for Stellar Blade.

Shift Up also said it is preparing to reveal its next title and is reviewing additional share buybacks.