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 Co., Ltd. (NasdaqGM: GRVY) has launched Ragnarok X: Next Generation, an MMORPG mobile game, in Korea as of January 5, 2023. This game is the third installment of the Ragnarok 20th Anniversary Trilogy, featuring a unique story, vibrant 3D graphics, and various gameplay options. The game secured over 1 million pre-registrations and previously achieved top-grossing rankings on app stores in various regions. It has also received positive reviews during its Closed Beta Test, showcasing its potential in the mobile gaming market.
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GRAVITY Co., Ltd. (NasdaqGM: GRVY) reported third-quarter 2022 financials with total revenues at KRW 102,377 million (US$ 71,509 thousand), marking a 6.1% increase QoQ but a 20.4% decrease YoY. Operating profit was KRW 21,271 million (US$ 14,857 thousand), down 3.8% QoQ and 47.1% YoY. Net profit attributable to the parent company decreased by 8.0% QoQ and 39.0% YoY, amounting to KRW 16,076 million (US$ 11,229 thousand). The company also launched several games, including Ragnarok Origin in September 2022, amidst a broader strategy to enhance its online game portfolio.
Gravity announced the Closed Beta launch of its game 'Ragnarok Begins' in North America from October 14 to 18. This marks the first side-scrolling MMORPG under the Ragnarok IP, available on both PC and mobile platforms. The beta aims to deliver unique gameplay experiences with non-targeting battles and side-scrolling mechanics. Users can participate in events with prizes, including E-gift cards worth up to $500. Gravity, listed on NASDAQ, boasts over 120 million global accounts for its flagship IP.
On September 27, 2022, GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of Ragnarok Arena in South Korea. This tactical SRPG enables players to collect monsters and customize their characters, offering unique gameplay elements like real-time siege warfare. Following its success in Taiwan, Hong Kong, and Macau, where it topped free-download rankings, Ragnarok Arena continues to gain popularity, having recently launched in Thailand, achieving high rankings in both the Apple App Store and Google Play Store.
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.