🚀 VC round data is live in beta, check it out!
- Public Comps
- Shift Up
Shift Up Valuation Multiples
Discover revenue and EBITDA valuation multiples for Shift Up and similar public comparables like Modern Times Group, Playtika, YOOZOO Games, Yalla Group and more.
Shift Up Overview
About Shift Up
Shift Up Corp is a game design and development studio that covers a wide range of areas from game production to promotional videos and music production, based on illustrations and solid planning and programming capabilities.
Founded
2013
HQ

Employees
319
Website
Financials (LTM)
EV
$955M
Shift Up Financials
Shift Up reported last 12-month revenue of $186M and EBITDA of $115M.
In the same LTM period, Shift Up generated $186M in gross profit, $115M in EBITDA, and $116M in net income.
Revenue (LTM)
Shift Up P&L
In the most recent fiscal year, Shift Up reported revenue of $203M and EBITDA of $164M.
Shift Up expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $186M | XXX | $203M | XXX | XXX | XXX |
| Gross Profit | $186M | XXX | $201M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 99% | XXX | XXX | XXX |
| EBITDA | $115M | XXX | $164M | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | 81% | XXX | XXX | XXX |
| EBIT Margin | 60% | XXX | 62% | XXX | XXX | XXX |
| Net Profit | $116M | XXX | $131M | XXX | XXX | XXX |
| Net Margin | 63% | XXX | 64% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Shift Up Stock Performance
Shift Up has current market cap of $1B, and enterprise value of $955M.
Market Cap Evolution
Shift Up's stock price is $22.67.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $955M | $1B | 0.0% | XXX | XXX | XXX | $2.25 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialShift Up Valuation Multiples
Shift Up trades at 5.1x EV/Revenue multiple, and 8.3x EV/EBITDA.
EV / Revenue (LTM)
Shift Up Financial Valuation Multiples
As of April 19, 2026, Shift Up has market cap of $1B and EV of $955M.
Equity research analysts estimate Shift Up's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Shift Up has a P/E ratio of 11.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $955M | XXX | $955M | XXX | XXX | XXX |
| EV/Revenue | 5.1x | XXX | 4.7x | XXX | XXX | XXX |
| EV/EBITDA | 8.3x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBIT | 8.6x | XXX | 7.6x | XXX | XXX | XXX |
| EV/Gross Profit | 5.1x | XXX | 4.8x | XXX | XXX | XXX |
| P/E | 11.3x | XXX | 10.1x | XXX | XXX | XXX |
| EV/FCF | 11.1x | XXX | 9.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Shift Up Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Shift Up Margins & Growth Rates
Shift Up's revenue in the last 12 month declined by (17%).
Shift Up's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Shift Up's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Shift Up's rule of X is (12%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Shift Up Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (17%) | XXX | (29%) | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | 81% | XXX | XXX | XXX |
| EBITDA Growth | (22%) | XXX | (49%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (12%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | 14% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 38% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Shift Up Public Comps
See public comps and valuation multiples for other Gaming - Console & PC and Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Shift Up | XXX | XXX | XXX | XXX | XXX | XXX |
| Modern Times Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Playtika | XXX | XXX | XXX | XXX | XXX | XXX |
| YOOZOO Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Yalla Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Embracer Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Shift Up M&A Activity
Shift Up acquired XXX companies to date.
Last acquisition by Shift Up was on XXXXXXXX, XXXXX. Shift Up acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Shift Up
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialShift Up Investment Activity
Shift Up invested in XXX companies to date.
Shift Up made its latest investment on XXXXXXXX, XXXXX. Shift Up invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Shift Up
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Shift Up
| When was Shift Up founded? | Shift Up was founded in 2013. |
| Where is Shift Up headquartered? | Shift Up is headquartered in South Korea. |
| How many employees does Shift Up have? | As of today, Shift Up has over 319 employees. |
| Who is the CEO of Shift Up? | Shift Up's CEO is Hyung - Hyun Kim. |
| Is Shift Up publicly listed? | Yes, Shift Up is a public company listed on Korea Exchange. |
| What is the stock symbol of Shift Up? | Shift Up trades under 462870 ticker. |
| When did Shift Up go public? | Shift Up went public in 2024. |
| Who are competitors of Shift Up? | Shift Up main competitors are Modern Times Group, Playtika, YOOZOO Games, Yalla Group. |
| What is the current market cap of Shift Up? | Shift Up's current market cap is $1B. |
| What is the current revenue of Shift Up? | Shift Up's last 12 months revenue is $186M. |
| What is the current revenue growth of Shift Up? | Shift Up revenue growth (NTM/LTM) is (17%). |
| What is the current EV/Revenue multiple of Shift Up? | Current revenue multiple of Shift Up is 5.1x. |
| Is Shift Up profitable? | Yes, Shift Up is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Shift Up? | Shift Up's last 12 months EBITDA is $115M. |
| What is Shift Up's EBITDA margin? | Shift Up's last 12 months EBITDA margin is 62%. |
| What is the current EV/EBITDA multiple of Shift Up? | Current EBITDA multiple of Shift Up is 8.3x. |
| What is the current FCF of Shift Up? | Shift Up's last 12 months FCF is $86M. |
| What is Shift Up's FCF margin? | Shift Up's last 12 months FCF margin is 46%. |
| What is the current EV/FCF multiple of Shift Up? | Current FCF multiple of Shift Up is 11.1x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.