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., developer and publisher of online and mobile games, announced that Ragnarok: Rebirth, a mobile 3D MMORPG, launched in Southeast Asia on June 27, 2024. Published by Gravity Game Vision , a Hong Kong subsidiary, the game achieved significant popularity in the region.
Before its official launch, it ranked first in Thailand and second in the Philippines on Apple's App Store for Free Popular Game Downloads. Post-launch, it secured the top spot in Thailand, Philippines, Indonesia, and Malaysia on Apple's App Store, and second on Google Play in Thailand.
The game features vibrant 3D backgrounds, a flexible trading system, equipment development, and a pet system. Players can switch between portrait and landscape modes. Users can download the game via Google Play, Apple App Store, and Huawei AppGallery.
Gravity Co. (NasdaqGM: GRVY) announced that their fantasy action MMORPG game, 仙境传说：破晓 (Ragnarok: Dawn), co-developed with Teamtop Interactive, received an ISBN from the Chinese government on June 5, 2024. This marks the second Ragnarok title to receive an ISBN in 2024, following Ragnarok Online in February. Previous titles Ragnarok Origin and Ragnarok X: Next Generation received ISBNs in August 2023 and December 2023, respectively. Ragnarok: Dawn features major terrains, characters, and monsters from the Ragnarok universe, combining simplified combat operations with AI assistance. Gravity aims to deliver a high-quality gaming experience for players.
Gravity (NasdaqGM: GRVY), a developer and publisher of online and mobile games, announced the official launch of Ragnarok Online in China on June 28, 2024.
The game will be published by Shanghai Taren Network Technology Co., , and will be available for download from the official Ragnarok Online website.
Originally launched in South Korea in 2002, Ragnarok Online is popular in 91 regions and was the most preferred Korean PC/online game in several countries, including the US and France, according to a 2023 survey.
The game has been localized for the Chinese market to provide an optimal gaming experience, and a variety of events are planned to celebrate the launch.
Gravity expressed their excitement about the launch and commitment to delivering tailored content and events for Chinese users.
Gravity Co. (NasdaqGM: GRVY), a developer and publisher of online and mobile games, announced that its fantasy action MMORPG game, 仙境传说：破晓 (Ragnarok: Dawn), received an ISBN from the Chinese government on June 5, 2024. The game is co-developed with Guangdong Xinghui Teamtop Interactive Entertainment Co., and marks the fourth Ragnarok title to receive an ISBN in China.
Previous titles include Ragnarok Origin, Ragnarok X: Next Generation, and Ragnarok Online. Ragnarok: Dawn features Korean-style fantasy elements, simplified combat operations with AI assistance, and cartoon-like graphics to reduce eye strain. Gravity expressed confidence in delivering a high-quality game that will ensure excellent performance and success.
Gravity Co. (NasdaqGM: GRVY) announced the launch of their new MMORPG, Ragnarok: Novice Hearts, on June 6, 2024, in Taiwan, Hong Kong, and Macau. The game, which revives core elements of the original Ragnarok Online, has quickly climbed the ranks, securing the top spot in Taiwan and Macau and second in Hong Kong for Apple App Store's Top Grossing and Free Game Downloads categories. On Google Play, it ranked first in Free Game Downloads in all three regions. Developed by Gravity Game Vision , a subsidiary in Hong Kong, Novice Hearts features a real-time marketplace, MVP Boss Garden, and large-scale PVP, among other enhancements. The game is available on Google Play and Apple App Store.
Gravity Co., reported its first quarter 2024 financial results with total revenues of KRW 119,779 million, operating profit of KRW 26,869 million, and net profit of KRW 26,866 million. Revenues saw a 17.7% QoQ decrease primarily due to lower online and mobile game revenues. Operating expenses decreased by 25.2% QoQ, but net profit decreased by 26.3% YoY. The company provided business updates on various IP-based games and expansion plans, including launches in China, North America, and new game developments.
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