GRAVITY Co., Ltd. - GRVY STOCK NEWS

GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, on April 27, 2023. The report revealed consolidated revenue of KRW 463,618 million, an operating profit of KRW 104,708 million, and a net profit of KRW 83,162 million. These figures represent a 12.0% revenue increase year-over-year, an 8.3% rise in operating profit, and a significant 26.1% increase in net profit attributable to the parent company compared to 2021. Shareholders can request a hard copy of the annual report containing the audited financial statements free of charge. Additional details can be accessed on the Company’s investor relations website.

X Heroes: NFT War, a hero collector RPG developed by Gravity Neocyon and ME2ON, officially launched globally on April 25, 2023, excluding Korea and China. The game features a play-to-earn (P2E) system where users can earn MEVerse Play (MPL) tokens through gameplay, which are exchangeable for USD Coin and other virtual assets. Pre-registration exceeded expectations, and 1,000 Special NFT Mystery Cards sold out in one day after minting.

To celebrate the launch, three events offering various benefits are scheduled from April 25 to May 10. Gravity Neocyon, a subsidiary of Gravity (NASDAQ: GRVY), expressed gratitude for user interest in the game and aims to enhance the gaming experience with diverse content and events.

Gravity Co., Ltd. (NasdaqGM: GRVY) announced the successful launch of Ragnarok Origin in Southeast Asia on April 6, 2023, achieving significant download and revenue rankings across major app stores.

The game topped free downloads on the Apple App Store in Thailand, Indonesia, the Philippines, Malaysia, and Singapore, while also ranking high in grossing categories. Ragnarok Origin also led in free downloads on Google Play Store in several regions, securing second place in grossing in the Philippines, Thailand, and Singapore.

Gravity Game Hub, the company's subsidiary in Singapore, is facilitating the game's publication and conducting promotional activities, including TV commercials and themed train designs in Bangkok.

Gravity (NASDAQ: GRVY) has launched ALTF42, a 3D platformer sequel to the popular ALTF4, as an Early Access version on Steam starting March 31, 2023. The game is known for its high difficulty and involves navigating various traps. While currently supporting only Korean and English, additional languages and features will be added through updates during the Early Access period. ALTF4 previously garnered significant popularity, reflected in its review ratings and Twitch viewership. Gravity aims to leverage its publishing expertise to enhance the game's global reach.

Seoul, Korea – March 28, 2023 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of Ragnarok Origin in Southeast Asia on April 6, 2023. This mobile game has surpassed three million pre-registrations, marking the fastest growth for a Ragnarok IP title. The game features upgraded graphics and retains key elements from the original Ragnarok IP, appealing to users across various regions, including Korea and North America. The Closed Beta Test (CBT) from March 2 to 22 was fully subscribed, demonstrating strong interest. Publishing in Southeast Asia will be handled by GRAVITY GAME HUB, with promotional events planned post-launch.

Gravity announced the winner of the Dream Giveaway event, with Alen from San Diego winning a 2022 Tesla Model S valued at approximately $100,000. The giveaway was part of a promotional strategy for Ragnarok Origin, which continues to thrive with significant updates.

New content includes the introduction of Rogue and Stalker classes, along with a 20-floor PVE dungeon, the Fantasy Land of Memories. Players can log in for a chance to win additional in-game rewards during the ongoing After Party Event until April 25.