Goddess of Victory: NIKKE developer’s market value increases eightfold over past 5 years

Goddess of Victory: NIKKE

Goddess of Victory: NIKKE developer Shift Up has increased its market value over 700% in the past 5 years, perhaps proving the worth of attractive female characters.

South Korean company WeMade Entertainment purchased 4.2% of Shift Up’s shares for $7.4 million in 2018, and sold them for $53.9 million in 2023, indicating the studio grew by over 700%.

Shift Up is responsible and primarily known for developing Goddess of Victory: NIKKE, a mobile game popularized by having attractive anime girls as a primary element.

According to a Chinese media outlet, Singaporean holding company Aceville (a subsidiary of Tencent) was the one that purchased 2 million shares previously held by WeMade Entertainment.

The aforementioned outlet believed selling the shares was vital for WeMade Entertainment as they were struck with a loss of $64.5 million in the first half of 2023.

Goddess of Victory: NIKKE is currently one of the top three highest-grossing mobile games for Tencent, and the game’s monthly revenue is said to be $32 million (excluding China).

The title has amassed over $400 million in revenue since its November 2022 launch.

Goddess of Victory: Nikke has been available for iOS (via the App Store) and Android (via Google Play), and PC (via their website).



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