Welcome to our dedicated page for GRAVITY Co., Ltd. news (Ticker: GRVY), a resource for investors and traders seeking the latest updates and insights on GRAVITY Co., Ltd. stock.
GRAVITY Co., Ltd. (Symbol: GRVY) is a premier developer, servicer, and publisher of online and mobile games, headquartered in South Korea. The company has established itself as a formidable force in the global gaming industry with its iconic titles like Ragnarok Online, Ragnarok II, and Requiem Online. With over 91 markets globally, Gravity's games appeal to a diverse audience, cementing its position in the online gaming sector.
The company’s flagship product, Ragnarok Online, is a renowned MMORPG that has captivated a vast number of gamers worldwide. Gravity continues to innovate and expand its gaming portfolio, with recent launches like Ragnarok Begins in South Korea and Ragnarok Idle Adventure in Thailand, which have achieved top rankings on both the Apple App Store and Google Play.
Gravity is not just confined to online gaming; the company is diversifying its business into mobile gaming, leveraging its popular titles to create mobile versions. The company is also venturing into augmented reality with projects like Ragnarok Real World Experience, a limited-time AR graphic exhibition in Bangkok, Thailand.
On the publishing front, Gravity is executing a multi-use strategy, extending its high-quality content into music, merchandising, and animation. This diversification strategy is aimed at maximizing the brand value and providing multiple entertainment options under the Gravity umbrella.
The company’s financial health appears robust, supported by a diverse revenue stream from online games, mobile games, and character-based merchandise. Gravity has also formed strategic partnerships and established subsidiaries like Gravity Game Arise in Japan, to spearhead game development and publishing in different regions.
Gravity’s future projects include ambitious launches such as KAMiBAKO and TOKYO PSYCHODEMIC in global markets, showcasing their commitment to innovation and market expansion. Moreover, the company is poised to enter the blockchain gaming space with Ragnarok Landverse, an MMORPG based on P2E systems.
For more information, contact Mr. Heung Gon Kim, Chief Financial Officer at kheung@gravity.co.kr, or Ms. Jin Lee, IR Manager at ir@gravity.co.kr.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) has announced that its mobile game, Ragnarok X: Next Generation, has reached the top grossing spot on Google Play in Taiwan and Hong Kong, also performing well on the Apple App Store. This achievement highlights the game's increasing popularity in these regions.
In response to user support, Gravity intends to enhance long-term engagement through collaboration with publisher ByteDance Ltd. Gravity's subsidiary in Taiwan supports this partnership as a joint publisher.
On October 15, 2020, Gravity Co., Ltd. (GRVY) launched its MMORPG mobile game, Ragnarok X: Next Generation, in Taiwan, Hong Kong, and Macau. Published by ByteDance Ltd., the game garnered over 800,000 pre-registrations prior to its release, ranking first in top grossing games on the Apple App Store and second on Google Play as of October 21. The company plans to enhance user experience with various events and rewards. This early success positions Gravity for increased popularity in the mobile gaming market.
Gravity Co., Ltd. (NASDAQ: GRVY) launched its new idle MMORPG, The Labyrinth of Ragnarok, in the Philippines, Singapore, and Malaysia on October 14, 2023. The game offers unique features such as automatic hunting, maze escapes, and PVP battles, enhancing user engagement. Pre-registration attracted over 350,000 users, indicating strong interest. The game is available in multiple languages, including English and Tagalog, with ongoing updates planned for its 36 stages. Gravity aims to leverage its established Ragnarok IP for future game releases.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) has announced the upcoming launch of its MMORPG mobile game, Ragnarok X: Next Generation, in Taiwan, Hong Kong, and Macau on October 15, 2020. The game has already garnered over 300,000 pre-registrations and will feature promotional content released soon to engage users. Pre-registration is open on both the App Store and Google Play platforms, showcasing the company's strategic initiative to enhance its market presence in key Asian regions.
Gravity Co., Ltd. (NasdaqGM: GRVY) has announced the opening of pre-registration for its new MMORPG mobile game, Ragnarok X: Next Generation, starting August 25, 2020. Concurrently, Closed Beta Testing (CBT) is underway in Taiwan, Hong Kong, and Macau from August 24 to September 9, 2020. The game will be jointly published with ByteDance Ltd., enhancing its launch strategy in these regions. Feedback gathered during the CBT will be utilized to refine the game for local users.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) reported strong unaudited financial results for Q2 2020, with total revenues of KRW 88,458 million (US$ 73,684 thousand), a significant 20.7% QoQ and 13.2% YoY increase. Operating profit surged by 57.5% QoQ and 25.5% YoY, reaching KRW 16,313 million (US$ 13,588 thousand). Net profit also rose by 41.4% QoQ to KRW 13,095 million (US$ 10,907 thousand). Subscription revenues soared by 147.1% QoQ, driven by the success of Ragnarok Online in Thailand. New game launches, including Ragnarok Origin, further capitalize on this momentum.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced that its game Ragnarok Origin achieved significant success within five days of its launch on July 7, 2020, in Korea. As of July 13, 2020, the game ranked fourth in sales on both Google Play and Apple’s App Store. Despite unexpected high traffic causing server strain, the company has managed to maintain its sales position. GRAVITY is actively monitoring service stability and providing real-time user support.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the upcoming release of its MMORPG mobile game, Ragnarok Origin, set for July 7, 2020, in Korea. The game has shown promising results during two closed beta tests, receiving positive feedback from participants. Currently, Ragnarok Origin is in the pre-registration phase, offering users various reward events. Gravity is known for its successful online game, Ragnarok Online, which is available in 93 markets worldwide.
GRAVITY Co., Ltd. (GRVY) announced the official launch of Ragnarok Online in Thailand on May 28, 2020. Prior to the launch, over 1.3 million accounts were registered during pre-registration, and around 150,000 participants took part in the closed beta test (CBT). The game achieved robust initial performance with over 100,000 concurrent users and 250,000 daily active users immediately after release, indicating strong market interest.
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