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) 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.
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