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. (NASDAQ: GRVY) will launch its first Closed Beta Test (CBT) for the new 3D MMORPG Ragnarok V: Returns on February 16, running until February 23, targeting users in location value="LR/oc"Oceania. This game is a sequel to the popular 'Ragnarok: Valkyrie Uprising', which attracted over 5 million players worldwide since May 2012. To encourage participation, various events will be held during the CBT. Following this, pre-registrations and a second CBT are planned for March and April, respectively.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced its preliminary unaudited financial results for Q4 2021, reporting a revenue of KRW 97 billion and an operating profit of KRW 10 billion. This represents a 24.6% quarter-over-quarter decline due to decreased revenues from key titles like Ragnarok X: Next Generation and Ragnarok Online. For the full year, revenue totaled KRW 414 billion. The company maintains a cash and short-term financial balance of KRW 247 billion. Upcoming game launches include Ragnarok Online in multiple Southeast Asian countries and the integration of blockchain elements in new titles.
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.