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.
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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.