GRAVITY ANNOUNCES FILING OF ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2021

Rhea-AI Summary

GRAVITY Co., Ltd. (GRVY) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 28, 2022. The report reveals consolidated revenue of KRW 413,938 million, an operating profit of KRW 96,719 million, and a net profit of KRW 65,947 million. This reflects a year-over-year revenue growth of 2.0%, an operating profit increase of 9.5%, and a net profit rise of 5.2% compared to 2020. Shareholders can request a hard copy of the report free of charge.

Positive

• Consolidated revenue rose to KRW 413,938 million, up 2.0% YoY.
• Operating profit increased to KRW 96,719 million, reflecting a 9.5% YoY growth.
• Net profit attributable to the parent company grew to KRW 65,947 million, a 5.2% YoY increase.

Negative

• None.

Seoul, April 28, 2022 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or the “Company”) today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission on April 28, 2022. The annual report can be accessed on the Company’s investor relations Web site at http://www.gravity.co.kr/en/ir/notice/list.asp

The shareholders and ADS holders of Gravity may receive a hard copy of the annual report, which contains its audited consolidated financial statements, free of charge upon request. Requests should be directed to IR Unit, Gravity Co., Ltd., 15F, 396 World Cup buk-ro, Mapo-gu, Seoul 03925, South Korea.

In the annual report on Form 20-F, the consolidated revenue is KRW 413,938 million, the operating profit is KRW 96,719 million, and the net profit attributable to parent company is KRW 65,947 million for the fiscal year ended December 31, 2021.

(In millions of KRW)

	2021	2020	YoY
Revenue	413,938	405,953	2.0	%
Operating profit	96,719	88,368	9.5	%
Net profit attributable to parent company	65,947	62,703	5.2	%

About GRAVITY Co., Ltd. ---------------------------------------------------
Based in Korea, Gravity is a developer and publisher of online and mobile games. Gravity's principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 markets and countries. For more information about Gravity, please visit http://www.gravity.co.kr.

Contact:
Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email: kheung@gravity.co.kr

Ms. Jin Lee
Ms. Hyeji An
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7800

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FAQ

What are GRAVITY's revenue and profit figures for 2021?

For the fiscal year ending December 31, 2021, GRAVITY reported consolidated revenue of KRW 413,938 million, operating profit of KRW 96,719 million, and net profit of KRW 65,947 million.

How did GRAVITY's revenue perform year-over-year?

GRAVITY's revenue increased by 2.0% compared to the previous year.

What is the operating profit for GRAVITY in 2021?

GRAVITY's operating profit for 2021 was KRW 96,719 million, marking a 9.5% increase from 2020.

What net profit did GRAVITY report for 2021?

The net profit attributable to GRAVITY's parent company was KRW 65,947 million for the year 2021, a 5.2% increase from 2020.