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. (NasdaqGM: GRVY) is a South Korea-based developer and publisher of online and mobile games whose news flow is closely tied to its Ragnarok Online intellectual property and other game launches. Company press releases frequently highlight new regional launches, ISBN approvals in China, and performance updates for its titles across PC, mobile, console and blockchain platforms.
Investors and players following GRVY news can expect detailed announcements on Ragnarok Online IP-based games such as Ragnarok X: Next Generation, Ragnarok: Rebirth, Ragnarok Idle Adventure Plus, Ragnarok: Twilight, Ragnarok 3, Ragnarok M: Classic Global and other related titles. These updates often describe launch regions, platform availability, language support, app store rankings and user reception in markets including Japan, Taiwan, Hong Kong, Macau, China, Korea, Southeast Asia, Europe, the Middle East, North, Central and South America, and Oceania.
Gravity’s news also covers blockchain and Web3 initiatives like Ragnarok Online Landverse America and Ragnarok Landverse Genesis America, which are licensed or developed in cooperation with partners such as Maxion Tech Co., Ltd. In addition, the company issues releases on other IP-based games including Schop Hero, Chess Rumble, THE GOOD OLD DAYS, Meow Star Acres 2, Aeruta, Hashire HEBEREKE: EX, Gunbound and the Game of LIFE for Nintendo Switch, outlining launch timing and regional publishing arrangements.
Regular Form 6-K filings provide quarterly financial results and business updates, summarizing revenues by online games, mobile games and other sources, along with commentary on new titles and regional performance. For anyone tracking GRVY stock, this news stream offers insight into Gravity’s product pipeline, geographic expansion and the ongoing role of the Ragnarok Online franchise in its business.
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.
Gravity Co., Ltd. (NasdaqGM: GRVY) has officially launched its MMORPG mobile game, Ragnarok X: Next Generation, in Vietnam on September 1, 2021. Following successful launches in Taiwan, Hong Kong, Macau, and Southeast Asia, this title has outperformed its predecessor, Ragnarok M: Eternal Love, achieving high rankings in top-grossing charts on both the Apple App Store and Google Play. The Closed Beta Test, which began on July 15, 2021, garnered over 300,000 pre-registrations, indicating strong interest. A release in Korea is anticipated in the first half of 2022.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of its mobile RPG game, Ragnarok The Lost Memories, in Thailand on August 26, 2021. Developed by its subsidiary, Gravity NeoCyon Inc., the game garnered over 500,000 sign-ups during its Closed Beta Test, which commenced on July 4, 2021. The pre-registration phase began on July 20, 2021, indicating strong interest. Various promotional events are being held to support the game across different platforms, including the Apple App Store and Google Play.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced its second quarter 2021 financial results, reporting total revenues of KRW 83,611 million (US$ 73,965 thousand), a 20.4% decrease QoQ and 5.5% YoY. Operating profit was KRW 19,157 million (US$ 16,947 thousand), a 31.5% QoQ decline but a 17.4% YoY increase. Net profit attributable to the parent company dropped 37.3% QoQ to KRW 14,766 million (US$ 13,062 thousand), despite a 12.8% YoY increase. Key developments include the launch of Ragnarok Online in Vietnam and continued performance of Ragnarok X: Next Generation.