PULLUP Entertainment Sees 44% Revenue Drop in Q1 2026/27

PULLUP Entertainment reported first-quarter revenue of €44.4 million for fiscal year 2026/27, observing a significant 44% decline compared to the same period in the previous year. Despite this, their Back Catalogue displayed stability with €40.1 million in revenue, excluding the impact from deferred revenues. Key contributors included Warhammer 40,000: Space Marine 2 and the A Plague Tale franchise.

The decline was largely due to a drop in revenue from new releases, which fell to €1.9 million from €18.6 million the previous year. CEO Geoffroy Sardin highlighted the strong execution on Back Catalogue as a quarter highlight, attributing it to the quality of their games and robust live operations keeping players engaged.

Upcoming titles such as Resonance: A Plague Tale Legacy and Warhammer Age of Sigmar: Deathmaster have garnered positive responses, promising to strengthen PULLUP's portfolio. The company continues to invest in proprietary and co-owned IP projects to improve financial performance while navigating the competitive AA and indie game segments.