Search results for Project Spirit
Games & Commerce
Shift Up Q2 operating profit 28.1 billion won, down 58.8 percent on year
Shift Up said on Monday its second-quarter consolidated operating revenue was 55.7 billion won and operating profit was 28.1 billion won, with net profit of 41.7 billion won. Revenue, operating profit and net profit rose from the previous quarter, but all fell from a year earlier. The company said the year-on-year decline was largely due to base effects following the PC version launch of \"Stellar Blade\" in the second quarter of last year.
Games & Commerce
Shift Up Q1 operating profit 21.5 billion won, down 18.1 percent
Shift Up said on Sunday its first-quarter operating profit fell 18.1 percent from a year earlier to 21.5 billion won, even as sales rose 12 percent to 47.3 billion won. Net profit rose 40.8 percent to 37.8 billion won. The company said profitability weakened as operating expenses increased and revenue from key IPs fell from the previous quarter. Operating expenses rose 61.4 percent year on year to 25.8 billion won.
Games & Commerce
Shift Up gives all staff 5 million won and Apple devices
Shift Up provided all employees with 5 million won in encouragement money and high-priced Apple devices, including AirPods Max and Apple Watch, at a company event, industry sources said. The reward follows strong market performance from Goddess of Victory: Nikke and console title Stellar Blade. The company has posted high operating profit margins since its founding and has continued cash and in-kind rewards, including phones, game consoles and prepaid cards.