Gravity Stock Price, News & Analysis

Gravity Co., (NASDAQ: GRVY) reported its Q2 2024 financial results and business updates. Total revenues increased 2.7% QoQ to KRW 122,967 million (US$ 89,330 thousand), but decreased 48.5% YoY. Operating profit fell 44.2% QoQ and 71.6% YoY to KRW 14,989 million (US$ 10,889 thousand). Net profit attributable to the parent company decreased 53.2% QoQ and 72.1% YoY to KRW 12,569 million (US$ 9,131 thousand).

The company saw increased revenues from Ragnarok Online in Thailand and Ragnarok Origin in the Americas. However, this was offset by decreased revenues from Ragnarok Origin in Southeast Asia and Ragnarok X: Next Generation in Korea. Gravity launched several new games and expansions, including THE RAGNAROK in Taiwan, Hong Kong, and Macau, and Ragnarok: Rebirth in Southeast Asia.

Gravity (GRVY) has officially launched 'PIGROMANCE', a puzzle adventure game, on Steam on July 25th, 2024. The game, which follows a pig escaping a sausage factory, features cute chibi graphics contrasted with dark themes. PIGROMANCE has already garnered recognition, winning awards such as the Excellence Prize at the 2024 INDIE CRAFT and the 'Best Indie' category at MWU KR 2023.

The game is available in 9 languages and is being offered with a 20% launch discount until August 7th. Gravity's lead manager, Yoo Jun, highlighted the game's broad appeal and unique features, setting it apart from other casual games. The official release incorporates player feedback to enhance the gaming experience.

Gravity (NasdaqGM: GRVY), a developer and publisher of online and mobile games, announced the official launch of Ragnarok Online in China on June 28, 2024. The game quickly ranked second in WeGame's All New Popular Games category. Originally launched in South Korea in 2002, Ragnarok Online is now available in 91 regions worldwide. The Chinese version of the game, published by Shanghai Taren Network Technology, features localized content, including map designs, character costumes, and events. Gravity emphasizes that the game has been optimized to ensure an enjoyable experience for new users. Downloads are available through the official Taren and WeGame download pages.

Gravity Co., developer and publisher of online and mobile games, announced that Ragnarok: Rebirth, a mobile 3D MMORPG, launched in Southeast Asia on June 27, 2024. Published by Gravity Game Vision , a Hong Kong subsidiary, the game achieved significant popularity in the region.

Before its official launch, it ranked first in Thailand and second in the Philippines on Apple's App Store for Free Popular Game Downloads. Post-launch, it secured the top spot in Thailand, Philippines, Indonesia, and Malaysia on Apple's App Store, and second on Google Play in Thailand.

The game features vibrant 3D backgrounds, a flexible trading system, equipment development, and a pet system. Players can switch between portrait and landscape modes. Users can download the game via Google Play, Apple App Store, and Huawei AppGallery.

Gravity Co. (NasdaqGM: GRVY) announced that their fantasy action MMORPG game, 仙境传说：破晓 (Ragnarok: Dawn), co-developed with Teamtop Interactive, received an ISBN from the Chinese government on June 5, 2024. This marks the second Ragnarok title to receive an ISBN in 2024, following Ragnarok Online in February. Previous titles Ragnarok Origin and Ragnarok X: Next Generation received ISBNs in August 2023 and December 2023, respectively. Ragnarok: Dawn features major terrains, characters, and monsters from the Ragnarok universe, combining simplified combat operations with AI assistance. Gravity aims to deliver a high-quality gaming experience for players.

Gravity (NasdaqGM: GRVY), a developer and publisher of online and mobile games, announced the official launch of Ragnarok Online in China on June 28, 2024.

The game will be published by Shanghai Taren Network Technology Co., , and will be available for download from the official Ragnarok Online website.

Originally launched in South Korea in 2002, Ragnarok Online is popular in 91 regions and was the most preferred Korean PC/online game in several countries, including the US and France, according to a 2023 survey.

The game has been localized for the Chinese market to provide an optimal gaming experience, and a variety of events are planned to celebrate the launch.

Gravity expressed their excitement about the launch and commitment to delivering tailored content and events for Chinese users.

Gravity Co. (NasdaqGM: GRVY), a developer and publisher of online and mobile games, announced that its fantasy action MMORPG game, 仙境传说：破晓 (Ragnarok: Dawn), received an ISBN from the Chinese government on June 5, 2024. The game is co-developed with Guangdong Xinghui Teamtop Interactive Entertainment Co., and marks the fourth Ragnarok title to receive an ISBN in China.

Previous titles include Ragnarok Origin, Ragnarok X: Next Generation, and Ragnarok Online. Ragnarok: Dawn features Korean-style fantasy elements, simplified combat operations with AI assistance, and cartoon-like graphics to reduce eye strain. Gravity expressed confidence in delivering a high-quality game that will ensure excellent performance and success.

Gravity Co. (NasdaqGM: GRVY) announced the launch of their new MMORPG, Ragnarok: Novice Hearts, on June 6, 2024, in Taiwan, Hong Kong, and Macau. The game, which revives core elements of the original Ragnarok Online, has quickly climbed the ranks, securing the top spot in Taiwan and Macau and second in Hong Kong for Apple App Store's Top Grossing and Free Game Downloads categories. On Google Play, it ranked first in Free Game Downloads in all three regions. Developed by Gravity Game Vision , a subsidiary in Hong Kong, Novice Hearts features a real-time marketplace, MVP Boss Garden, and large-scale PVP, among other enhancements. The game is available on Google Play and Apple App Store.

Gravity Co., reported its first quarter 2024 financial results with total revenues of KRW 119,779 million, operating profit of KRW 26,869 million, and net profit of KRW 26,866 million. Revenues saw a 17.7% QoQ decrease primarily due to lower online and mobile game revenues. Operating expenses decreased by 25.2% QoQ, but net profit decreased by 26.3% YoY. The company provided business updates on various IP-based games and expansion plans, including launches in China, North America, and new game developments.