Ragnarok: Rebirth Received an ISBN Code by Chinese Government

Rhea-AI Summary

Gravity (GRVY) announced that its mobile 3D MMORPG game, Ragnarok: Rebirth, received an ISBN code from the Chinese government on December 24, 2024. This marks the third ISBN for Ragnarok IP titles in 2024, following Ragnarok Online in February and Ragnarok Dawn in June.

The game has shown strong performance since its Southeast Asian launch in June 2024, reaching #1 in free downloads on Apple App Store in Thailand, Philippines, Indonesia, and Malaysia. In October 2024, it also topped App Store downloads in Taiwan, Hong Kong, and Macau, while achieving #2 in top-grossing rankings on Apple App Store and #5 on Google Play in Macau after its official launch.

Positive

• Received Chinese government ISBN approval, enabling market entry
• Achieved #1 in App Store downloads across multiple Southeast Asian markets
• Secured top rankings in Taiwan, Hong Kong, and Macau markets
• Reached #2 in top-grossing rankings on Macau's App Store

Negative

• None.

Insights

Gaming Industry Analyst

The ISBN approval for Ragnarok: Rebirth in China represents a major regulatory milestone for GRAVITY Co., marking their third successful ISBN acquisition for Ragnarok IP titles in 2024. The Chinese gaming market, valued at over $45 billion, is notoriously difficult to penetrate due to strict licensing requirements, making this approval particularly significant.

The game's impressive performance metrics in Southeast Asia and Taiwan markets serve as strong indicators of its revenue potential in China. Achieving top rankings in both free downloads and top-grossing charts across multiple regions demonstrates robust user acquisition and monetization capabilities. The top 5 position in revenue generation in Macau's Google Play store is particularly noteworthy, as it suggests strong monetization mechanics that could translate well to the mainland Chinese market.

This approval comes at a strategic time when China is gradually opening up gaming licenses after previous restrictions, positioning GRAVITY advantageously in the competitive mobile MMORPG segment. The established success of the Ragnarok IP in Asian markets, combined with the game's proven monetization model, suggests potential for significant revenue growth in 2025.

Market Research Analyst

The sequential expansion strategy employed by GRAVITY demonstrates sophisticated market penetration planning. The company has effectively used smaller, culturally similar markets as proving grounds before targeting China's massive gaming ecosystem. The strong performance metrics in Southeast Asia and Taiwan serve as valuable predictors for Chinese market potential.

Historical data shows that successful mobile MMORPGs in China can generate between $100-200 million in annual revenue. With Ragnarok: Rebirth already proving its commercial viability in multiple Asian markets, the ISBN approval could catalyze significant revenue growth for GRAVITY. The company's market cap of $436.6 million appears modest considering the game's performance trajectory and the size of the addressable Chinese market.

The timing aligns with China's gaming industry recovery, as regulatory authorities show increased openness to new game approvals. This positions GRAVITY to potentially capture market share during a period of renewed growth in the world's largest mobile gaming market.

Seoul, Dec. 30, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok: Rebirth (Chinese Title: 仙境傳說：重生), a mobile 3D MMORPG game, received an ISBN code by Chinese government disclosed on December 24, 2024.

Ragnarok: Rebirth (Chinese title: 仙境傳說：重生) marks the third ISBN in 2024 as Ragnaork IP titles following Ragnarok Online (Chinese Title: 仙境传说起源) in February 2024 and Ragnarok Dawn (Chinese Title: 仙境传说：破晓) in June 2024.

Ragnarok: Rebirth (Chinese title: 仙境傳說：重生) has continued its outstanding performance since its initial launch in Southeast Asia in June 2024. The game ranked first in free download of Apple App Store in Thailand, Philippines, Indonesia and Malaysia, and ranked second in free download of Google Play in Thailand, demonstrating its continued popularity among Southeast Asian users.

Additionally, in October 2024, Ragnaork: Rebirth (Chinese title: 仙境傳說：重生) ranked first in free download of Apple App Store in Taiwan, Hong Kong and Macau, second in free download of Google Play in Hong Kong and Macau, and third in Taiwan after its pre-download period. Following its official launch in Macau, it ranked second in top-grossing of Apple App Store and fifth in top-grossing of Google Play, proving its success.

Gravity said “We are very excited to introduce our be-loved Ragnarok: Rebirth (Chinese title: 仙境傳說：重生) to Chinese users, achieving strong performance across all launch regions, and we will try our best to provide successful services in Chinese market.”

[Gravity Official Website]
http://www.gravity.co.kr

About GRAVITY Co., Ltd. ---------------------------------------------------

Gravity is a developer and publisher of online and mobile games. Gravity’s principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr.

Contact:

Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email: kheung@gravity.co.kr

Ms. Jin Lee
Ms. Yujin Oh
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7801

FAQ

When did Ragnarok: Rebirth (GRVY) receive its Chinese ISBN code?

Ragnarok: Rebirth received its Chinese ISBN code on December 24, 2024.

How many Ragnarok titles from GRVY received Chinese ISBN codes in 2024?

Three Ragnarok titles received Chinese ISBN codes in 2024: Ragnarok Online (February), Ragnarok Dawn (June), and Ragnarok: Rebirth (December).

What rankings did Ragnarok: Rebirth (GRVY) achieve in Southeast Asian markets?

The game ranked #1 in free downloads on Apple App Store in Thailand, Philippines, Indonesia, and Malaysia, and #2 in Google Play downloads in Thailand.

What are Ragnarok: Rebirth's (GRVY) top-grossing rankings in Macau?

In Macau, Ragnarok: Rebirth ranked #2 in top-grossing on Apple App Store and #5 on Google Play.