Pullup Entertainment's fiscal second-quarter revenue rises 7.0% to €57.0 million as back catalogue grows 8.1%

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Pullup Entertainment said on Oct 22, 2026 that its revenue for the second quarter of fiscal 2026/27, which ended Sep 30, 2026, was €57.0 million, up 7.0%. The quarter a year earlier was €53.3 million, and the figures are unaudited.1^,2^,3^,4^,5

By line, Back Catalogue brought in €38.2 million, up 8.1% from €35.3 million, New Releases €15.1 million, down 8.9% from €16.6 million, and Other €3.8 million, up from €1.4 million. Chief executive Geoffroy Sardin said the back catalogue kept growing despite a high basis for comparison, with Warhammer 40,000: Space Marine 2 a key driver. He said the game continued to be supported by its live operations and the recent launch of Year 3. The release dates that Live update to Oct 1, 2026, the beginning of the third fiscal quarter, and says it drove a new engagement and acquisition cycle, with the highest weekly activity on Steam since October 2024 and 15 million unique players since launch. Sardin said the A Plague Tale franchise benefited from its latest installment, with quarterly revenue from its first two episodes up 164%, and that its lifetime player spending (which, the release says, includes VAT, platform commissions and partnerships) was nearing €150 million. He said the launch of Resonance: A Plague Tale Legacy, which had 92% positive reviews on Steam, was not as dynamic as expected, though the game would be a solid contributor to the back catalogue. He said Gallipoli was performing in line with expectations and the Train Sim World ecosystem remained stable.6^,7^,8^,9^,10^,11^,12^,13^,14^,15^,16^,17

First-half revenue for fiscal 2026/27 was €101.5 million, down 23.5% from €132.6 million; the company says the year-earlier half had benefited from €16.1 million of deferred revenue, against €2.7 million in the latest half. The table counts that deferred revenue in Back Catalogue; the release says it corresponds to delivery of extra content pre-sold in a season pass. New Releases brought in €17.0 million in the half, down 51.7% from €35.1 million, and Back Catalogue €78.3 million, down 16.4% from €93.7 million; the company says Back Catalogue revenue is broadly stable once deferred revenue is excluded.2^,18^,19^,20^,21^,22^,23^,24

Sardin said upcoming releases would be concentrated in the fiscal fourth quarter, including Road Kings, which the release dated to March 11, 2027, and several titles from Focus Entertainment Publishing and Dotemu, which specializes in indie games. The release said Clutch, a racing game from Forza Horizon veterans, would be released by Focus Entertainment Publishing in spring 2027. It said Pullup would report first-half earnings on Dec 16, 2026.25^,26^,27^,28^,29

We hold the four-page English release and its French version, filed the same day. The text we hold gives revenue by line and does not state an operating result or a profit for the quarter, nor the period against which the 164% rise in A Plague Tale revenue is measured.30^,31^,32^,33^,14