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 (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) 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 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.
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