Gravity Stock Price, News & Analysis

Gravity Co., Ltd. (GRVY) has officially launched Ragnarok Idle Adventure Plus, an idle MMORPG mobile game, in Taiwan, Hong Kong, and Macau on May 21, 2025. The game combines idle genre characteristics with MMORPG battle elements for efficient and comfortable gameplay.

The game is available on Google Play, Apple App Store, and Huawei AppGallery (Hong Kong and Macau only). Following its global launch in February 2025, the game achieved notable rankings: 4th in Singapore, 5th in Philippines and Malaysia, and 6th in Thailand in App Store free downloads during pre-download phase. It later reached #1 in free downloads on Google Play in Brazil and Singapore after official launch.

Gravity (GRVY) reported strong Q1 2025 financial results with total revenues of KRW 137.4B (US$93.2M), up 6% QoQ and 14.8% YoY. Operating profit reached KRW 24.7B (US$16.7M), increasing 55% QoQ but declining 8% YoY. Mobile game revenues, the company's largest segment, grew 9.4% QoQ to KRW 115.4B (US$78.3M), driven by new launches including Ragnarok M: Classic and Ragnarok Idle Adventure Plus. The company expanded its portfolio with multiple game launches across regions, including THE RAGNAROK and Ragnarok: Rebirth. Notably, Gravity established a new subsidiary in Malaysia (Gravity Game Unite) and opened its first Ragnarok Golf Monsters facility in Taipei, demonstrating geographic and business diversification.

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.

Gravity Co., (GRVY) has announced the successful launch of Ragnarok M: Classic in Taiwan, Hong Kong, and Macau on April 16, 2025. The MMORPG mobile game has achieved significant early success in these markets, particularly in app store rankings.

The game has demonstrated strong performance across multiple platforms, ranking first in top grossing on Apple App Store in Taiwan, second in Macau, and fourth in Hong Kong. In terms of free downloads, it secured the second position on Google Play in Taiwan and Macau, while achieving first place on Apple App Store in Taiwan and second place in Hong Kong and Macau.

The launch has been met with enthusiastic user response, accumulating over 100,000 downloads and securing the second position in mobile game rankings on Bahamut, a prominent gaming community. The game is available for both mobile and PC platforms, with Gravity hosting various launch celebration events to maintain user engagement.

Gravity Co., (GRVY) has officially launched Ragnarok: Back to Glory, a 3D MMORGPG mobile game, in Korea and Southeast Asia on April 17, 2025. The game features a globally integrated marketplace enabling users across Taiwan, Hong Kong, Macau, Korea, and Southeast Asia to trade in-game items freely.

The launch follows successful CBT feedback in Korea and strong pre-registration numbers in Southeast Asia, with over 2 million users signing up before release. The game is now available for download through Google Play, Apple App Store, and local Southeast Asian app markets.

Gravity Co., (GRVY) has officially launched Ragnarok V: Returns, a 3D MMORPG Mobile and PC game, in Thailand, Indonesia and the Philippines on March 27, 2025. This launch completes the game's rollout across Southeast Asia, following its initial release in other Southeast Asian regions in December 2024.

The game demonstrated strong initial traction during its Closed Beta Test (CBT) in March 2024, attracting over 20,000 users on the first day with sustained engagement throughout the testing period. The game is now available for download through multiple platforms including Google Play, Apple App Store, and Huawei App Gallery, with a PC version accessible through the official website.

Gravity Co., (GRVY) has announced the successful launch of 仙境传说：破晓 (Ragnarok: Dawn), an idle MMORPG mobile game, in China through WeChat Mini Programs on February 20, 2025. The game, which received its ISBN in June 2024, has shown promising early performance by ranking eighth in top grossing WeChat Mini Programs.

Following positive feedback from the January CBT (Closed Beta Test), the game's success through WeChat Mini Programs has increased anticipation for its upcoming mobile app version. This launch adds to Gravity's portfolio of successful Ragnarok IP titles in China, where three previous games have already received ISBNs and performed well.

Gravity Game Hub (GGH), a subsidiary of GRAVITY Co., (GRVY), has globally launched Ragnarok Idle Adventure Plus on February 20th, 2025, across Google Play Store, Apple App Store, and Huawei App Gallery platforms. The game, which garnered over 1 million pre-registered players, is available worldwide except for Mainland China, South Korea, Japan, Taiwan, Hong Kong, and Macao.

Based on the original Ragnarok Online IP, which has amassed 230 million players globally, this new idle RPG emphasizes simple gameplay and low-spec device compatibility. The game features hands-free progression, strategic team customization, multiple game modes including MVP Raid (PvE) and Hall of Valor (PvP), and a pet & buddy system.

Gravity Co., (GRVY) has successfully launched Ragnarok M: Classic, an MMORPG mobile game, in 9 Southeast Asian regions on February 14, 2025. The game has shown strong initial performance, achieving significant rankings across multiple app stores.

The pre-registration phase, which began on November 14, 2024, garnered over 1 million registrations by January 2025. The game achieved notable rankings in both Apple App Store and Google Play:

App Store Rankings:

• Ranked #1 in free downloads in Thailand, Philippines, and Malaysia
• Ranked #2 in Singapore and #3 in Indonesia
• Reached #2 in top grossing in Thailand, #4 in Philippines, and #10 in Indonesia

Google Play Rankings:

• Ranked #2 in free downloads in Thailand
• Ranked #5 in Singapore and #9 in Philippines
• Reached #10 in top grossing in Philippines and #11 in Thailand