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.
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GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, on April 27, 2023. The report revealed consolidated revenue of KRW 463,618 million, an operating profit of KRW 104,708 million, and a net profit of KRW 83,162 million. These figures represent a 12.0% revenue increase year-over-year, an 8.3% rise in operating profit, and a significant 26.1% increase in net profit attributable to the parent company compared to 2021. Shareholders can request a hard copy of the annual report containing the audited financial statements free of charge. Additional details can be accessed on the Company’s investor relations website.
X Heroes: NFT War, a hero collector RPG developed by Gravity Neocyon and ME2ON, officially launched globally on April 25, 2023, excluding Korea and China. The game features a play-to-earn (P2E) system where users can earn MEVerse Play (MPL) tokens through gameplay, which are exchangeable for USD Coin and other virtual assets. Pre-registration exceeded expectations, and 1,000 Special NFT Mystery Cards sold out in one day after minting.
To celebrate the launch, three events offering various benefits are scheduled from April 25 to May 10. Gravity Neocyon, a subsidiary of Gravity (NASDAQ: GRVY), expressed gratitude for user interest in the game and aims to enhance the gaming experience with diverse content and events.
Gravity Co., Ltd. (NasdaqGM: GRVY) announced the successful launch of Ragnarok Origin in Southeast Asia on April 6, 2023, achieving significant download and revenue rankings across major app stores.
The game topped free downloads on the Apple App Store in Thailand, Indonesia, the Philippines, Malaysia, and Singapore, while also ranking high in grossing categories. Ragnarok Origin also led in free downloads on Google Play Store in several regions, securing second place in grossing in the Philippines, Thailand, and Singapore.
Gravity Game Hub, the company's subsidiary in Singapore, is facilitating the game's publication and conducting promotional activities, including TV commercials and themed train designs in Bangkok.
Gravity (NASDAQ: GRVY) has launched ALTF42, a 3D platformer sequel to the popular ALTF4, as an Early Access version on Steam starting March 31, 2023. The game is known for its high difficulty and involves navigating various traps. While currently supporting only Korean and English, additional languages and features will be added through updates during the Early Access period. ALTF4 previously garnered significant popularity, reflected in its review ratings and Twitch viewership. Gravity aims to leverage its publishing expertise to enhance the game's global reach.
Seoul, Korea – March 28, 2023 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of Ragnarok Origin in Southeast Asia on April 6, 2023. This mobile game has surpassed three million pre-registrations, marking the fastest growth for a Ragnarok IP title. The game features upgraded graphics and retains key elements from the original Ragnarok IP, appealing to users across various regions, including Korea and North America. The Closed Beta Test (CBT) from March 2 to 22 was fully subscribed, demonstrating strong interest. Publishing in Southeast Asia will be handled by GRAVITY GAME HUB, with promotional events planned post-launch.