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.
Bella Poarch, renowned music star and social media influencer, has been appointed as the ambassador for Gravity's new mobile game, Ragnarok Origin. In her latest interview, she shares her childhood fondness for the game and highlights features like character customization and selfie mode as her favorites. Poarch emphasizes how games have been a source of comfort in her life, aiding her in managing anxiety. Since November, she has actively engaged her followers with Ragnarok Origin content on social media, helping to boost visibility for the game.
Seoul, South Korea, Dec. 13, 2021 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of its mobile game Ragnarok: The Lost Memories in the Philippines, Singapore, and Malaysia on December 13, 2021. This Cinematic Newtro RPG allows players to experience the game like a movie, marking the first story mobile game based on the popular Ragnarok franchise. Following a successful Premiere Start on December 9, 2021, the game is now officially available, accompanied by special launch events for the community.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) has launched its new mobile game, NBA RISE TO STARDOM, in Japan on November 24, 2021. This official NBA game allows users to play with over 450 current and legendary NBA players, organizing teams to compete for season titles. Celebrated Japanese NBA player Watanabe Yuta serves as the game ambassador, enhancing its appeal through in-game celebrity events.
The game is part of Gravity's strategy to strengthen its presence in the mobile gaming sector.
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.
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