Business · Markets · 47 mins ago
Shift Up shares fall after profit drops and company reports a net loss
Shift Up shares fell more than 8% early on Nov.
11 in South Korea after the game company announced weak third-quarter results.
Operating profit fell 58.2% to 20.7 billion won compared with the same period a year earlier.
The company also reported a 255 billion won net loss, shifting from profit to loss.
Shift Up said sales from its main intellectual property declined, and an analyst said this helped push results below market expectations.
The analyst cut the share price target from 55,000 won to 40,000 won.
A rebound in sales from existing titles is expected in the fourth quarter, but the company has not set out a clear business direction to drive growth from next year onward.
Shift Up shares fell more than 8% in early trading on Nov. 11 after the company reported weaker third-quarter results.
Operating profit fell 58.2% from a year earlier to 20.7 billion won.
The company reported a net loss of 25.5 billion won, reversing from a profit.
Hanwha Investment & Securities analyst Kim So-hye said lower sales from major intellectual properties contributed to results below market expectations.
Kim cut her target price for Shift Up shares from 55,000 won to 40,000 won.
- Who
- Shift Up, a South Korean company, and its shareholders.
- What
- Shift Up shares fell in early trading after the company reported lower third-quarter operating profit and a net loss.
- When
- Nov. 11, 2026; the company disclosed its results the previous day.
- Where
- The Korea Exchange’s main bourse in Seoul.
- Why
- Third-quarter results were weak, with lower sales from major intellectual properties cited by an analyst.
This story does not have two clearly opposing sides.
Shift Up disclosed third-quarter operating profit of 20.7 billion won and a net loss of 25.5 billion won.
Shares began trading down 5.1% at 29,750 won.
Shares were down 8.29% at 28,750 won.
- Third-quarter operating profit
- 20.7 billion won, down 58.2% year on year
- Third-quarter net result
- 25.5 billion won loss
- Share price at 9:10 a.m. on Nov. 11
- 28,750 won, down 8.29%
- Analyst’s revised target price
- 40,000 won, down from 55,000 won
1 source
What people are saying
Sales from major intellectual properties declined, causing third-quarter results to fall short of market expectations.
I am lowering the target price from 55,000 won to 40,000 won because of downward revisions to earnings estimates.