FOCUS ENTERTAINMENT: 2023/24 Financial Year Results and New Organisation

Paris, 20 June 2024 – PULLUP Entertainment, formerly known as Focus Entertainment, reported its financial results for the 2023/24 fiscal year. The company generated €187.3 million in revenue, with an EBITDA of €65.2 million and an EBITA of -€0.3 million. The back-catalogue performed well, driven by games with additional content and live games.

Since March 31, 2024, PULLUP Entertainment has strengthened its financial position, making strategic investments in RUNDISC and UPPERCUT GAMES. These moves are supported by publishing contracts, reinforcing their ambition to lead in the independent and AA+ games market.

Looking ahead, the company anticipates solid revenue growth and a significant rebund in FY24/25 results. Key titles such as Warhammer 40,000: Space Marine 2 are expected to drive this growth. PULLUP Entertainment aims for a balanced mix of owned and co-owned IPs, with over 60 projects lined up for the next three years, half of which are live games.

The company has also undergone organizational changes, introducing three complementary business divisions and key executive appointments to support its growth trajectory. The acquisition of DOVETAIL GAMES and the creation of SCRIPTEAM mark strategic steps toward enhancing their portfolio and production capabilities.