Gravity Stock Price, News & Analysis

Gravity (GRVY) announced that its mobile 3D MMORPG game, Ragnarok: Rebirth, received an ISBN code from the Chinese government on December 24, 2024. This marks the third ISBN for Ragnarok IP titles in 2024, following Ragnarok Online in February and Ragnarok Dawn in June.

The game has shown strong performance since its Southeast Asian launch in June 2024, reaching #1 in free downloads on Apple App Store in Thailand, Philippines, Indonesia, and Malaysia. In October 2024, it also topped App Store downloads in Taiwan, Hong Kong, and Macau, while achieving #2 in top-grossing rankings on Apple App Store and #5 on Google Play in Macau after its official launch.

Gravity Game Hub (GGH), a subsidiary of Gravity Co., (GRVY), has announced the Closed Beta Test (CBT) registration for Ragnarok Idle Adventure, a new mobile game based on Ragnarok Online. The CBT will begin on December 19, 2024, at 10:00 GMT+8 and will be available worldwide except for Thailand, Mainland China, Taiwan Region, Hong Kong SAR, Macao SAR, South Korea, and Japan.

The game is a vertical Idle RPG featuring auto-combat systems and easy-to-play mechanics. Key features include seamless idle experience, strategic customization with cards, iconic characters, and extensive fashion customization options. The CBT will allow players to test features and provide feedback, though all progress will be reset before launch.

Gravity has globally launched Tokyo Psychodemic, a 2D cinematic forensic investigation game, on PlayStation®4, PlayStation®5, and Nintendo Switch™ on November 28, excluding Japan. The game features a post-pandemic setting with supernatural elements, offering multiple endings based on players' investigation methods.

The gameplay combines scenario exploration with evidence collection, featuring live 2D animations and interactive evidence analysis. The game supports Korean, English, Japanese, Simplified Chinese, and Traditional Chinese languages, with updated language support on Steam®. The title was previously released in Japan only in May.

Gravity (GRVY) has globally launched its idle mobile RPG 'Poring Rush' on November 21, 2024, available through Google Play Store and Apple App Store in multiple regions, excluding Korea, Japan, China, Vietnam, Netherlands, Belgium, Russia, Iran, and Cuba. The game, supporting ten languages, features various Poring characters that players can combine to enhance combat attributes. The launch version includes features like research labs, ruins, farms, altars, and the Magic Castle. To celebrate the launch, the game offers various events including a 7-day mission event with special rewards, and community events through their Discord platform.

Gravity Co reported its Q3 2024 financial results with total revenues of KRW 128,376 million (US$ 97,629 thousand), showing a 4.4% QoQ increase but a 27.1% YoY decrease. Operating profit reached KRW 27,576 million, up 84.0% QoQ but down 27.3% YoY. Mobile game revenues, which represent the largest segment, were KRW 102,524 million, up 3.5% QoQ but down 34.1% YoY. The company announced several upcoming game launches, including Ragnarok X: Next Generation in Japan and Ragnarok V: Returns in Singapore and Malaysia in Q4 2024.

Gravity Co., (GRVY) announced successful launches of two Ragnarok IP titles on October 31, 2024. The Ragnarok achieved top rankings in Southeast Asian markets, reaching #1 in free downloads on Google Play across 6 regions and #2 in Apple App Store across 4 regions. The game secured #3 in Google Play's top grossing in Thailand and Philippines, while reaching #1 and #2 positions in Apple App Store's top grossing across multiple regions.

Ragnarok: Rebirth also performed strongly in Taiwan, Hong Kong, and Macau, achieving top-3 positions in free downloads and notable rankings in top grossing charts, including #2 in Macau's Apple App Store and #5 in Macau's Google Play top grossing.

Gravity Co., (GRVY) has officially launched 'The Ragnarok', a 2D MMORPG mobile and PC game, in Southeast Asia on October 31, 2024. The game features 2D dot characters with 3D backgrounds, similar to Ragnarok Online, and includes orchestral BGM from Ragnarok concerts. The launch version includes 2-1st class of six major Ragnarok jobs and free trading features. The game has already shown success in other regions, achieving high rankings in Taiwan, Hong Kong, and Macao under the name 'Ragnarok: Novice Hearts', and receiving positive user reviews following its September launch in Korea.

Gravity Co., (GRVY) has announced the official launch of Ragnarok: Rebirth, a 3D MMORPG mobile game, in Taiwan, Hong Kong, and Macau on October 31, 2024. The game features idle content for reduced player fatigue and quick character progression, along with both vertical and horizontal screen options. The game has already demonstrated strong market performance, reaching the top position in free popular games on the Apple App Store across multiple Southeast Asian countries, including Thailand, Philippines, Indonesia, and Malaysia, following its June launch in that region.

Gravity Co., (NASDAQ: GRVY) has officially launched 'Ragnarok X: Next Generation' in China on September 13, 2024. This 3D MMORPG mobile and PC game, published by ZLONGAME, expands on the original Ragnarok Online universe with enhanced graphics and gameplay features. The game has already achieved significant success in other Asian markets, reaching top grossing rankings in multiple countries.

The Chinese launch follows a successful pre-registration period and closed beta test, where it received high user ratings. The game is available for download through various local app markets, including the Apple App Store and Huawei AppGallery. Gravity has prepared special events and rewards for the Chinese version, including a unique theme song and animation.