GRAVITY Co., Ltd. - GRVY STOCK NEWS

Gravity Co., Ltd. (Nasdaq GM: GRVY) reported its third-quarter 2021 financial results, showing a total revenue of KRW 128,670 million (US$ 108,702 thousand), a 53.9% increase from Q2 but a 2.4% decrease from Q3 2020. Operating profit reached KRW 40,242 million (US$ 33,997 thousand), up 110.1% QoQ and 17.1% YoY. Net profit attributable to the parent company was KRW 26,351 million (US$ 22,262 thousand), a 78.5% increase QoQ. Online game revenues decreased by 18.3% QoQ, largely due to reduced earnings from Ragnarok Online. However, mobile game revenues surged by 92.6% QoQ, boosted by new launches.

Gravity Co., Ltd. (NasdaqGM: GRVY) announced the official launch of its MMORPG mobile game, Ragnarok Origin, in the United States and Canada on November 10, 2021. The game garnered impressive traction, amassing over 700,000 pre-registered accounts since August. On launch day, it achieved the second position in free downloads on Google Play in the U.S. Dedicated servers and localized content enhance user experience, coupled with events like 15 Day Log-in Rewards. Gravity expresses gratitude for the pre-release interest and anticipates future updates and events.

Seoul, South Korea, Nov. 5, 2021 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced its participation in G-STAR 2021 with plans to showcase 13 games, including popular titles based on the Ragnarok IP. Upcoming launches such as Ragnarok Begins and NBA RISE TO STARDOM will be featured. The company will set up large booths and provide game demonstrators for attendees. Additionally, G-STAR's official website has launched, offering details on featured games and live broadcasts for remote players.

GRAVITY Co., Ltd. (NasdaqGM: GRVY) has announced the U.S. and Canada launch of its MMORPG mobile game, Ragnarok Origin, on November 10, 2021. This follows its successful debut in Korea and Japan, where it ranked fourth in top grossing on Google Play and App Store. Pre-registration saw over 500,000 sign-ups. Additionally, its subsidiary, Gravity Game Tech, launched Ragnarok Classic in Thailand on October 28, 2021, with over 200,000 pre-registrations. Both games are part of Gravity's extensive portfolio, which includes popular titles offered across 91 markets.

Seoul, South Korea, Oct. 26, 2021 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of its mobile game SADAKO M in Japan on October 26, 2021. Developed by its subsidiary, Gravity Game Arise Co., Ltd., the game is based on the character Sadako from the popular horror novel Ring. Players will explore unsolved mysteries with the detective's assistant. Notably, over 100,000 pre-registrations were recorded, with the game available on the App Store and Google Play.

Gravity Co., Ltd. (NasdaqGM: GRVY) has officially launched its MMORPG mobile game, Ragnarok X: Next Generation, in Vietnam on September 1, 2021. Following successful launches in Taiwan, Hong Kong, Macau, and Southeast Asia, this title has outperformed its predecessor, Ragnarok M: Eternal Love, achieving high rankings in top-grossing charts on both the Apple App Store and Google Play. The Closed Beta Test, which began on July 15, 2021, garnered over 300,000 pre-registrations, indicating strong interest. A release in Korea is anticipated in the first half of 2022.

GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of its mobile RPG game, Ragnarok The Lost Memories, in Thailand on August 26, 2021. Developed by its subsidiary, Gravity NeoCyon Inc., the game garnered over 500,000 sign-ups during its Closed Beta Test, which commenced on July 4, 2021. The pre-registration phase began on July 20, 2021, indicating strong interest. Various promotional events are being held to support the game across different platforms, including the Apple App Store and Google Play.

GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced its second quarter 2021 financial results, reporting total revenues of KRW 83,611 million (US$ 73,965 thousand), a 20.4% decrease QoQ and 5.5% YoY. Operating profit was KRW 19,157 million (US$ 16,947 thousand), a 31.5% QoQ decline but a 17.4% YoY increase. Net profit attributable to the parent company dropped 37.3% QoQ to KRW 14,766 million (US$ 13,062 thousand), despite a 12.8% YoY increase. Key developments include the launch of Ragnarok Online in Vietnam and continued performance of Ragnarok X: Next Generation.

Gravity has announced the pre-registration for its mobile fantasy MMORPG, Ragnarok Origin, which is now available on the App Store and Google Play Store. The game aims to recreate the original Ragnarok Online experience with improved graphics and gameplay features. Pre-registration began on August 10, 2021, and players who sign up can win prizes, including a Tesla Model S if the goal of one million sign-ups is reached. The Ragnarok franchise has a strong history with over 120 million global users and significant sales achievements in Korea and Japan.