Pullup Entertainment posted its financials for the second quarter of 2024-2025, and the publisher more than outdid itself compared to last year.
Catalog revenue for the quarter hit €164 million (or nearly $177.6 million), and €164.1 million for the fiscal year’s first half. Individually, those respective revenues were 13 times and 7.1 times more than last year’s metrics.
When combined with the €70.2 million of back catalog and other revenue, Pullup made €234.3 million ($253.7 million) for the first six months of 2024-2025, up 176 percent from 2024-2024.
That can largely be owed to Warhammer 40,000: Space Marine II. Deputy CEO Geoffrey Sardin said the performance of Saber Interactive’s sequel was “remarkable” as it delivered the best launch in the publisher’s history.
While coy on exact sales, Pullup further noted Space Marine II topped 4.5 million players and is “among the top five launches of the year.”
Train Sim World 5 was another standout for the quarter. Dovetail Games’ simulation title reportedly outperformed its predecessors when it came to both revenue and player engagement. Pullup said both titles are part of its wider plan to build a strong game catalog that can deliver recurring revenue.
Pullup’s back catalog boosters
Along with prior Train Sim World installments, Chants of Senaar, Atomic Heart, and Evil West were among the back catalog highlights. The publisher noted that business segment performed well despite the previously reported poor sales of Don’t Nod’s Banishers: Ghosts of New Eden.
Looking ahead, Pullup’s third quarter will consist of the release of Metal Slug Tactics. John Carpenter’s Toxic Commando and Mio: Memories and Orbit have been delayed into the 2025-2026 fiscal year.
Even so, between those delays and Space Marine II, Pullup is predicting a “very strong revenue growth and a very significant rebound” in its earnings for all of 2024-2025.