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.
Gravity announced the winner of the Dream Giveaway event, with Alen from San Diego winning a 2022 Tesla Model S valued at approximately $100,000. The giveaway was part of a promotional strategy for Ragnarok Origin, which continues to thrive with significant updates.
New content includes the introduction of Rogue and Stalker classes, along with a 20-floor PVE dungeon, the Fantasy Land of Memories. Players can log in for a chance to win additional in-game rewards during the ongoing After Party Event until April 25.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced its preliminary unaudited financial results for Q4 2022, reporting a revenue of KRW 176 billion, a 71.9% increase QoQ and 82.2% YoY, driven by strong performance from Ragnarok Origin in Taiwan, Hong Kong, and Macau. The operating profit for Q4 stood at KRW 39 billion. For the full year 2022, total revenue reached KRW 464 billion, with an operating profit of KRW 105 billion. Cash and short-term financial instruments totaled KRW 337 billion as of December 31, 2022. Significant business updates include the successful launch of multiple Ragnarok games and a global publishing agreement with SKYWALK.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) has launched Ragnarok X: Next Generation, an MMORPG mobile game, in Korea as of January 5, 2023. This game is the third installment of the Ragnarok 20th Anniversary Trilogy, featuring a unique story, vibrant 3D graphics, and various gameplay options. The game secured over 1 million pre-registrations and previously achieved top-grossing rankings on app stores in various regions. It has also received positive reviews during its Closed Beta Test, showcasing its potential in the mobile gaming market.
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GRAVITY Co., Ltd. (NasdaqGM: GRVY) reported third-quarter 2022 financials with total revenues at KRW 102,377 million (US$ 71,509 thousand), marking a 6.1% increase QoQ but a 20.4% decrease YoY. Operating profit was KRW 21,271 million (US$ 14,857 thousand), down 3.8% QoQ and 47.1% YoY. Net profit attributable to the parent company decreased by 8.0% QoQ and 39.0% YoY, amounting to KRW 16,076 million (US$ 11,229 thousand). The company also launched several games, including Ragnarok Origin in September 2022, amidst a broader strategy to enhance its online game portfolio.
Gravity announced the Closed Beta launch of its game 'Ragnarok Begins' in North America from October 14 to 18. This marks the first side-scrolling MMORPG under the Ragnarok IP, available on both PC and mobile platforms. The beta aims to deliver unique gameplay experiences with non-targeting battles and side-scrolling mechanics. Users can participate in events with prizes, including E-gift cards worth up to $500. Gravity, listed on NASDAQ, boasts over 120 million global accounts for its flagship IP.
On September 27, 2022, GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of Ragnarok Arena in South Korea. This tactical SRPG enables players to collect monsters and customize their characters, offering unique gameplay elements like real-time siege warfare. Following its success in Taiwan, Hong Kong, and Macau, where it topped free-download rankings, Ragnarok Arena continues to gain popularity, having recently launched in Thailand, achieving high rankings in both the Apple App Store and Google Play Store.
Gravity Game Link announces the global launch of its first Ragnarok Online IP Play To Earn game, Ragnarok Labyrinth NFT, on 22 September 2022.
Available on Android and iOS in over 170 countries, the game features blockchain technology integrated with ONBUFF Points. Pre-registrations exceeded 300,000, offering exclusive in-game benefits. This Free-To-Play game aims to engage players with maze-like dungeons, bringing new experiences to the MMORPG genre and rewards through digital financial assets.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) has launched Ragnarok Labyrinth NFT globally via its Indonesian subsidiary, PT Gravity Game Link, on September 22, 2022. This mobile MMORPG features a play-to-earn (P2E) system and marks the first NFT title based on the popular Ragnarok IP. Upon its re-opening in Southeast Asia, it achieved over 1 million downloads on the first day and ranked highly in app store revenue charts in Thailand and the Philippines. The launch excludes China, Japan, and Korea, with various in-game events planned for players.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of Ragnarok Origin in Taiwan, Hong Kong, and Macau on September 15, 2022. The MMORPG mobile game achieved remarkable success on its first day, ranking first in free downloads and top-grossing on the Apple App Store, and second in free downloads on Google Play. Previously launched in Korea, Japan, and the U.S. with similar success, Ragnarok Origin continues to expand its market presence globally.