GRAVITY ANNOUNCES FILING OF ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2024
Rhea-AI Summary
Gravity Co., (GRVY) has filed its annual report on Form 20-F for fiscal year 2024 with the SEC on April 25, 2025. The company reported significant year-over-year declines across key financial metrics:
- Consolidated revenue: KRW 500,845 million (31.0% decrease from 2023)
- Operating profit: KRW 85,384 million (46.8% decrease from 2023)
- Net profit attributable to parent company: KRW 84,919 million (35.7% decrease from 2023)
Shareholders and ADS holders can request a hard copy of the annual report containing audited consolidated financial statements from the company's IR Unit in Seoul, South Korea. The report is also accessible on Gravity's investor relations website.
Positive
- None.
Negative
- Revenue declined 31.0% YoY to KRW 500,845 million
- Operating profit fell 46.8% YoY to KRW 85,384 million
- Net profit decreased 35.7% YoY to KRW 84,919 million
News Market Reaction – GRVY
In the trading session that priced this news, GRVY gained 1.77%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Seoul, South Korea, April 25, 2025 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or the “Company”) today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 25, 2025. The annual report can be accessed on the Company’s investor relations Web site at https://www.gravity.co.kr/en/ir/notice.
The shareholders and ADS holders of Gravity may receive a hard copy of the annual report, which contains its audited consolidated financial statements, free of charge upon request. Requests should be directed to IR Unit, Gravity Co., Ltd., 15F, 396 World Cup buk-ro, Mapo-gu, Seoul 03925, South Korea.
In the annual report on Form 20-F, the consolidated revenue is KRW 500,845 million, the operating profit is KRW 85,384 million, and the net profit attributable to parent company is KRW 84,919 million for the fiscal year ended December 31, 2024.
(In millions of KRW)
| 2024 | 2023 | YoY | |
| Revenue | 500,845 | 725,516 | - |
| Operating profit | 85,384 | 160,367 | - |
| Net profit attributable to parent company | 84,919 | 132,019 | - |
About GRAVITY Co., Ltd. ---------------------------------------------------
Based in Korea, 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: +82-2-2132-7800
