Gravity Co

Gravity Co., Ltd. engages in the development and publishing of online games, software and other related services. It operates through the following business fields: Online Games Development Business, Game Publishing Business, Mobile Business, Multi Platform Business, One Source Multi Use Business and the Internet Protocol Television Business. The Online Game Development Business focuses on developing and servicing competitive games with various genres and unique features such as Ragnarok Online II, Requiem online, and Pucca Racing. The Game Publishing Business seeks to expand its business into publishing, music, merchandising, and animation. The Mobile Game Business develops mobile games based on Ragnarok Online and offers role-playing games, shooting, puzzle, and sports genres in its mobile game collection. The Multi Platform Business offers online and mobile games, and is currently in the process of developing Ragnarok DS, PSP, and XBOX 360 Live PSN. The One Source Multi Use Business invests continually to improve the quality of the game industry. The Internet Protocol Television (IPTV)Business covers network games based on IPTV, imbedded games based on STB, and new game services based on an open platform. The company was founded on April 4, 2000 and is headquartered in Seoul, South Korea.

Earnings data Q1 2024

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Gravity Co., Ltd. engages in the development and publishing of online games, software and other related services. It operates through the following business segments: Online Game, Mobile Game, and Others. The Online Game segment consists of Micro-transaction and subscription revenue, which is operated by the company, and royalties and license fee. The Mobile Game segment comprises of micro-transaction. The company was founded on April 4, 2000 and is headquartered in Seoul, South Korea.

Seoul, South Korea, March 27, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Ragnarok Origin launched in China on March 26, 2024 at 8:00 AM Chinese Standard Time (CST). The game's publisher in China is Beijing Ruyi Jingxiu Network Technology Co., Ltd, and Chinese players can download the game through major local application markets and Apple's App Store.

China Reactcs to Ragnarok Origin Launch

Gravity Co. is set to report Q4 earnings, with revenues skyrocketing due to the success of its Ragnarök games in the mobile segment. GRVY's financials remain strong, with no debt and a significant amount of cash and short-term investments. Despite impressive revenue growth, the company's share price has not reflected this, leading to a potential undervaluation.

Gravity: Amazing Performance, But Reach Is Key

Seoul, March 18, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok Origin will launch in China on March 26, 2024. The game received a ISBN by Chinese government in August 2023.

Ragnarok Origin, Grand Launch in China on March 26, 2024!

Seoul, Feb. 29, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok Online, MMORPG PC game, received a ISBN code by Chinese government disclosed on February 26, 2024.

Ragnarok Online Received a ISBN Code by Chinese Government

Seoul, Feb. 26, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok Origin will be launched in North, Central, South America on February 28, 2024, and Gravity Game Vision Ltd (“GGV”), Gravity's subsidiary in Hong Kong, is publishing the game.

Ragnarok Origin Reinvented Version Launching in North, Central, South America on February 28, 2024

Seoul, Feb. 14, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the fourth quarter ended December 31, 2023, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

GRAVITY REPORTS PRELIMINARY UNAUDITED 4Q 2023 RESULTS AND BUSINESS UPDATES

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The video gaming business continues to be the fastest growing segment of the entertainment industry. Grand View Research forecasts that the global video game market will grow at a compound annual growth rate (CAGR) of 13.4% between now and 2030.

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Seoul, Jan. 23, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok Idle Adventure has been ranked as the first in free downloads in both markets, Apple App Store and Google Play, and also ranked the first in top grossing of Apple App Store in Thailand after its launching.

Ragnarok Idle Adventure Ranked Top on Both Markets after its Launching in Thailand!

Seoul, Jan. 05, 2024 (GLOBE NEWSWIRE) -- – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Gravity's wholly-owned subsidiary, Gravity Game Tech Co.,Ltd. will open Ragnarok Real World Experience, an Augmented Reality (“AR”) exhibition, at Central World in Bangkok, Thailand on January 6, 2024.

AR Exhibition “Ragnarok Real World Experience” to Open in Thailand

Seoul, Jan. 03, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok X: Next Generation received a ISBN Code by Chinese government disclosed on December 22, 2023.

Ragnarok X : Next Genration Received a ISBN Code by Chinese Government

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Gravity Co., Ltd. is a developer and distributor of online and mobile video games based in South Korea. The company is far from perfect, and has multiple risks worth considering and monitoring. Despite the flaws of the company, the valuation is extremely compelling.

Gravity: Overlooked And Undervalued

Gravity's sales of the Ragnarok series are poised for sustained profitability until 2033, with exclusive rights offering a long runway for continued success and financial gains. The company's attractive valuation, low P/E ratio, and strong financial position make it an appealing investment compared to peers. Gravity's exclusive rights to the Ragnarok IP until 2033 provide stability, but competition and reliance on one IP pose risks.

Gravity: A Classic Mohnish Pabrai - Huge Upside Limited Downside Risk

Seoul, Korea, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Seoul, South Korea – November 13, 2023 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the third quarter ended September 30, 2023, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

Gravity Reports Third Quarter of 2023 Results and Business Updates

Gravity experienced a 47.9% share price increase in 2023, emphasizing the success of its core products like Ragnarok Online. Gravity's mobile game revenues soared by 57.3% QoQ, contrasting with a decline in online game revenues, highlighting a shift towards mobile gaming. GRVY is exploring the blockchain gaming sphere, with titles such as Ragnarok Landverse and Ragnarok Monster World set to release between 2023 and 2024.

Gravity's Impressive 2023: A Strong Buy With The Potential Behind Ragnarok Online

SEOUL, South Korea--(BUSINESS WIRE)-- #GRVY--Gravity (NASDAQ: GRVY) officially launched its new roguelike game "Wetory" on Nintendo Switch and Steam at 12:00 PM (KST), on October 26.

Gravity Officially Launches New Roguelike Game Wetory on Nintendo Switch and Steam

Seoul, Sept. 20, 2023 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok Landverse, an MMORPG blockchain PC game, is officially launched in Southeast Asia (exclude Thailand and Indonesia), South America, Middle East, India, Africa and Oceania on September 20, 2023.

Ragnarok Landverse, Grand Launch on September 20, 2023!

Seoul, Korea, Aug. 30, 2023 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok Origin received a foreign version number by Chinese government disclosed on August 29, 2023.

Ragnarok Origin Received a Foreign Version Number by Chinese Government

Gravity's share price has outperformed the market by a 72% increase YTD. The company's flagship game, Ragnarok Online, is highly popular and downloaded in Asia. Q2 2023 revenue and operating profits have seen significant growth, indicating strong financial performance.

Gravity: Upside Potential From This Overlooked Company

Seoul, Korea, Aug. 09, 2023 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the second quarter ended June 30, 2023, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

Gravity Reports Second Quarter of 2023 Results and Business Updates

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I expect GRVY to see continuing growth due to the Ragnarok Origin launches in Southeast Asia in April and Global market, including the US, in Q4. GRVY has continued to display strong fundamentals as of Q1. Near-term risk remains minimal. At $70 per share today, GRVY stock is undervalued in my opinion. I rate GRVY a buy.

Gravity: Attractive Upside And Minimal Near-Term Risks

Seoul, Korea, May 11, 2023 (GLOBE NEWSWIRE) -- Seoul, South Korea – May 11, 2023 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the first quarter ended March 31, 2023, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

Gravity Reports First Quarter of 2023 Results and Business Update

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Seoul, Korea, April 27, 2023 (GLOBE NEWSWIRE) -- Seoul, South Korea – April 27, 2023 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or the “Company”) today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on April 27, 2023. The annual report can be accessed on the Company's investor relations Web site at http://www.gravity.co.kr/en/ir/notice/list.asp

News for Gravity Co Stock (GRVY)