Korean Dev Shift Up Had a Record Breaking 2024, Powered by Stellar Blade 1

Rising developer Shift Up had an outstanding 2024, powered by the success of PS5 console exclusive Stellar Blade.

In its first financial results since going public, the outfit announced it achieved record revenue in Fiscal Year 24, registering ₩219.8 billion (~$151 million). That’s an increase of over 30% year-over-year.

Gacha game NIKKE: Goddess of Victory actually slumped around 7% year-over-year, with the studio noting that “competition has become very fierce, and as a result, some major games have seen a decline in user interest”.

But Stellar Blade earned the company a very robust ₩62.8 billion (~$43.2 million) in royalties, and continues to sell extremely well on the back of continued updates and expansions. The studio reiterated its plans to release the hit character action game on PC in the future.

On the back of its success, the company revealed its intent to increase its workforce from around 322 employees to over 400 full-time staff by the end of the year. In addition to continued development of NIKKE and Stellar Blade, it’s also working on a fresh titled named Project Witches, which is scheduled to release in 2027.

Shift Up will likely use its previously announced Stellar Blade X NIKKE collaboration to build fresh interest around both brands, and we wouldn’t be surprised to see the planned gacha event debut alongside the aforementioned PC port of the game.

All in all, the future looks extremely bright for the Korean studio, and we’re excited to see what it has in store for the rest of 2025 and beyond.

[source shiftup.co.kr, via gameworldobserver.com]