Pullup Entertainment (ALPUL.PA) on Friday reported third-quarter results.
The company reported revenue of €64.8 million, down from €100.8 million in the same quarter of the previous year.
The decline reflected a tough comparison with the prior-year period, which benefited from the exceptional release of Warhammer 40,000: Space Marine 2.
Back-catalogue revenue grew strongly, rising 41 percent in the quarter, supported by steady performance for titles including Atomic Heart, Insurgency: Sandstorm, SnowRunner, and Train Sim World. New releases contributed €20.1 million in revenue, driven by Absolum, Marvel Cosmic Invasion, Roadcraft and Train Sim World 6.
The company said recurring trends in live games and back catalogue activity illustrate the early results of its strategic investment and support a more recurring business profile.
Pullup confirmed that for fiscal 2025/26, it expects to exceed its previous record performance from FY 2022/23 in terms of both revenue and adjusted EBIT, driven by continued strong back catalogue momentum and progress with Dotemu revenue.
Management plans several new title releases in the fourth quarter, including John Carpenter's Toxic Commando and Memories in Orbit, which it said will contribute to annual performance.
ALPUL.PA currently trades at €14.14 or 1.87% higher on the Paris Stock Exchange.
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