GRAVITY Co., Ltd. - GRVY STOCK NEWS

Gravity has globally launched Tokyo Psychodemic, a 2D cinematic forensic investigation game, on PlayStation®4, PlayStation®5, and Nintendo Switch™ on November 28, excluding Japan. The game features a post-pandemic setting with supernatural elements, offering multiple endings based on players' investigation methods.

The gameplay combines scenario exploration with evidence collection, featuring live 2D animations and interactive evidence analysis. The game supports Korean, English, Japanese, Simplified Chinese, and Traditional Chinese languages, with updated language support on Steam®. The title was previously released in Japan only in May.

Gravity (GRVY) has globally launched its idle mobile RPG 'Poring Rush' on November 21, 2024, available through Google Play Store and Apple App Store in multiple regions, excluding Korea, Japan, China, Vietnam, Netherlands, Belgium, Russia, Iran, and Cuba. The game, supporting ten languages, features various Poring characters that players can combine to enhance combat attributes. The launch version includes features like research labs, ruins, farms, altars, and the Magic Castle. To celebrate the launch, the game offers various events including a 7-day mission event with special rewards, and community events through their Discord platform.

Gravity Co reported its Q3 2024 financial results with total revenues of KRW 128,376 million (US$ 97,629 thousand), showing a 4.4% QoQ increase but a 27.1% YoY decrease. Operating profit reached KRW 27,576 million, up 84.0% QoQ but down 27.3% YoY. Mobile game revenues, which represent the largest segment, were KRW 102,524 million, up 3.5% QoQ but down 34.1% YoY. The company announced several upcoming game launches, including Ragnarok X: Next Generation in Japan and Ragnarok V: Returns in Singapore and Malaysia in Q4 2024.

Gravity Co., (GRVY) announced successful launches of two Ragnarok IP titles on October 31, 2024. The Ragnarok achieved top rankings in Southeast Asian markets, reaching #1 in free downloads on Google Play across 6 regions and #2 in Apple App Store across 4 regions. The game secured #3 in Google Play's top grossing in Thailand and Philippines, while reaching #1 and #2 positions in Apple App Store's top grossing across multiple regions.

Ragnarok: Rebirth also performed strongly in Taiwan, Hong Kong, and Macau, achieving top-3 positions in free downloads and notable rankings in top grossing charts, including #2 in Macau's Apple App Store and #5 in Macau's Google Play top grossing.

Gravity Co., (GRVY) has announced the official launch of Ragnarok: Rebirth, a 3D MMORPG mobile game, in Taiwan, Hong Kong, and Macau on October 31, 2024. The game features idle content for reduced player fatigue and quick character progression, along with both vertical and horizontal screen options. The game has already demonstrated strong market performance, reaching the top position in free popular games on the Apple App Store across multiple Southeast Asian countries, including Thailand, Philippines, Indonesia, and Malaysia, following its June launch in that region.

Gravity Co., (GRVY) has officially launched 'The Ragnarok', a 2D MMORPG mobile and PC game, in Southeast Asia on October 31, 2024. The game features 2D dot characters with 3D backgrounds, similar to Ragnarok Online, and includes orchestral BGM from Ragnarok concerts. The launch version includes 2-1st class of six major Ragnarok jobs and free trading features. The game has already shown success in other regions, achieving high rankings in Taiwan, Hong Kong, and Macao under the name 'Ragnarok: Novice Hearts', and receiving positive user reviews following its September launch in Korea.

Gravity Co., (NASDAQ: GRVY) has officially launched 'Ragnarok X: Next Generation' in China on September 13, 2024. This 3D MMORPG mobile and PC game, published by ZLONGAME, expands on the original Ragnarok Online universe with enhanced graphics and gameplay features. The game has already achieved significant success in other Asian markets, reaching top grossing rankings in multiple countries.

The Chinese launch follows a successful pre-registration period and closed beta test, where it received high user ratings. The game is available for download through various local app markets, including the Apple App Store and Huawei AppGallery. Gravity has prepared special events and rewards for the Chinese version, including a unique theme song and animation.

GRAVITY Co., (NASDAQ: GRVY) has officially launched 'THE RAGNAROK', a new mobile game based on the classic RAGNAROK Online, in South Korea on September 9, 2024. The game preserves the original 2D-pixel graphics while optimizing for mobile, including adapted features like the marketplace and sieges. It's available on Google Play, Apple App Store, and PC via Google Play Games.

Key features include:
- Authentic replication of RAGNAROK Online's graphics
- Mobile-optimized UI
- Town-specific background music
- Unveiling of 2-1 classes from six major job classes
- Regular content and event updates planned

Gravity aims to enhance user experience based on CBT feedback and encourages continued support for 'THE RAGNAROK'.

Gravity Co., (NASDAQ: GRVY) reported its Q2 2024 financial results and business updates. Total revenues increased 2.7% QoQ to KRW 122,967 million (US$ 89,330 thousand), but decreased 48.5% YoY. Operating profit fell 44.2% QoQ and 71.6% YoY to KRW 14,989 million (US$ 10,889 thousand). Net profit attributable to the parent company decreased 53.2% QoQ and 72.1% YoY to KRW 12,569 million (US$ 9,131 thousand).

The company saw increased revenues from Ragnarok Online in Thailand and Ragnarok Origin in the Americas. However, this was offset by decreased revenues from Ragnarok Origin in Southeast Asia and Ragnarok X: Next Generation in Korea. Gravity launched several new games and expansions, including THE RAGNAROK in Taiwan, Hong Kong, and Macau, and Ragnarok: Rebirth in Southeast Asia.