Welcome to our dedicated page for Gravity news (Ticker: GRVY), a resource for investors and traders seeking the latest updates and insights on Gravity stock.
GRAVITY Co., Ltd. reports company developments for a South Korea-based developer and publisher of online and mobile games. News commonly centers on the Ragnarok Online intellectual property, including MMORPG mobile and PC releases such as Ragnarok Origin Classic, Ragnarok X: Next Generation, Ragnarok: Rebirth, Ragnarok: Twilight and Ragnarok: The New World across Asian, European, Middle Eastern and other regional markets.
Company updates also cover unaudited quarterly results, annual reporting, revenue trends in online games and mobile games, and business updates tied to wholly owned publishing subsidiaries such as GRAVITY Game Vision and GRAVITY Game Hub.
Gravity Game Link announces the global launch of its first Ragnarok Online IP Play To Earn game, Ragnarok Labyrinth NFT, on 22 September 2022.
Available on Android and iOS in over 170 countries, the game features blockchain technology integrated with ONBUFF Points. Pre-registrations exceeded 300,000, offering exclusive in-game benefits. This Free-To-Play game aims to engage players with maze-like dungeons, bringing new experiences to the MMORPG genre and rewards through digital financial assets.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) has launched Ragnarok Labyrinth NFT globally via its Indonesian subsidiary, PT Gravity Game Link, on September 22, 2022. This mobile MMORPG features a play-to-earn (P2E) system and marks the first NFT title based on the popular Ragnarok IP. Upon its re-opening in Southeast Asia, it achieved over 1 million downloads on the first day and ranked highly in app store revenue charts in Thailand and the Philippines. The launch excludes China, Japan, and Korea, with various in-game events planned for players.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of Ragnarok Origin in Taiwan, Hong Kong, and Macau on September 15, 2022. The MMORPG mobile game achieved remarkable success on its first day, ranking first in free downloads and top-grossing on the Apple App Store, and second in free downloads on Google Play. Previously launched in Korea, Japan, and the U.S. with similar success, Ragnarok Origin continues to expand its market presence globally.
Gravity Game Link has announced the global launch of Ragnarok Labyrinth NFT, the first play-to-earn game under the Ragnarok Online IP. Following a successful SEA launch in April, the game ranked among the top ten most popular on Google Play Store in Thailand, the Philippines, and Indonesia. Players can pre-register starting September 1, 2022, with rewards linked to the number of participants, including 2,000 ONBUFF Points for 300,000 pre-registrations. The game features blockchain integration and offers 11 language options.
On September 7, 2022, GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the 20th anniversary celebration of its MMORPG Ragnarok Online with the launch of the Ragnarok Game Jam in collaboration with The Sandbox. This event invites participants to create their own games within the Ragnarok universe, utilizing tools like VoxEdit and Game Maker provided by The Sandbox. A total of 250,000 SAND will be awarded as prizes, encouraging diverse participation in the contest. This partnership was formalized on July 27, 2022, enhancing the company's presence in the metaverse gaming landscape.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of its mobile game, Ragnarok Tactics II, in Thailand on September 1, 2022. This tactical SRPG allows players to collect monsters and grow their characters, emphasizing strategic deployment for battles. The game was initially launched in Taiwan, Hong Kong, and Macau on May 11, 2022. GRAVITY is known for its popular Ragnarok Online game, available in 91 markets worldwide.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) reported second-quarter 2022 results, revealing revenues of KRW 96,519 million (US$ 74,305 thousand), an 8.9% QoQ and 15.4% YoY increase. Operating profit reached KRW 22,115 million (US$ 17,025 thousand), a slight 0.9% QoQ decline but a 15.4% YoY rise. Net profit also saw an increase to KRW 17,465 million (US$ 13,445 thousand), reflecting growth across key titles like Ragnarok Online. The company maintains strong liquidity with KRW 282,748 million (US$ 217,674 thousand) in cash. Additionally, GRAVITY announced partnerships and upcoming game launches, enhancing its market position.
Seoul, Korea – July 27, 2022 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) has entered a partnership with The Sandbox, a metaverse gaming platform. The collaboration involves creating Ragnarok LAND within The Sandbox, featuring various content and NFT items based on the popular Ragnarok IP. Additionally, Gravity will host a Game Jam contest, encouraging users to develop their own games using Ragnarok-themed digital assets. This partnership leverages the strong brand recognition of Ragnarok, providing users with diverse content and gaming experiences.
GRAVITY Co. Ltd. (NasdaqGM: GRVY) announced the upcoming launch of Ragnarok X: Next Generation in Korea in the second half of 2022. Following successful launches in Taiwan, Hong Kong, and Macau, where it topped gross revenue on Apple App Store and Google Play, the game also achieved significant success in Thailand, Indonesia, and the Philippines. This anticipated release in Korea is expected to raise user expectations and further leverage the popularity of the Ragnarok brand.
Gravity Co., Ltd. (NasdaqGM: GRVY) has officially launched Ragnarok V: Returns on May 25, 2022, in Oceania. This Multi-Platform MMORPG is developed by Gravity NeoCyon and is a sequel to the successful Ragnarok Online: Valkyrie Uprising, which boasts over 5 million global users. The game features advanced graphics and customizable gameplay experiences. Available on Google Play, the Apple App Store, and PC, Gravity is also holding various events to celebrate this release.