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.

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Gravity Co., Ltd. engages in the development and publishing of online and mobile 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, Oct. 31, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Gravity's wholly-owned subsidiary, Gravity Game Vision Co., Ltd, officially launched the 3D MMORPG mobile game, Ragnarok: Rebirth (Chinese Title: 中仙境傳說：重生), on October 31, 2024 at 9:00 am (HKT) in Taiwan, Hong Kong and Macau.

“Ragnarok: Rebirth” Official Launching in Taiwan, Hong Kong and Macau on October 31, 2024

Seoul, South Korea, Oct. 31, 2024 (GLOBE NEWSWIRE) -- - GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Gravity's wholly-owned subsidiary, Gravity Game Tech Co.,Ltd, officially launched the 2D MMORPG mobile and PC game, The Ragnarok, in Southeast Asia on October 31, 2024.

“The Ragnarok” Official Launching in Southeast Asia on October 31, 2024

Gravity Co., Ltd. stock is undervalued despite ongoing free cash flow and net income growth, driven by new mobile games and strategic partnerships. The company's expansion into new territories and acquisition agreements could significantly increase its international user base and revenue growth. Gravity's financial health is strong, with substantial cash reserves, increasing total assets, and a rising book value per share, indicating potential stock price improvements.

Gravity: Mobile Games, International Expansion, NBA License, And Cheap

Seoul, Sept. 13, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd (NASDAQGM: GRVY) (‘Gravity' or ‘Company'), a developer and publisher of online and mobile games, announced the official launch of ‘Ragnarok X: Next Generation (Chinese Title: 仙境传说：新启航)' in China on September 13, 2024, at 10 a.m. (CST)

Ragnarok X: Next Generation Official Launching in China on September 13, 2024

Seoul, Sept. 09, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd (NASDAQGM: GRVY) (‘Gravity' or ‘Company'), a developer and publisher of online and mobile games, announced the official launch of ‘THE RAGNAROK' in South Korea on September 9, 2024, at 11 a.m.

THE RAGNAROK Official Launching in South Korea on September 9, 2024

Gravity is a South Korean video game developer and publisher known for its powerful Ragnarok IP in Asia. Since my last article, Gravity's stock price has fallen by 5%, primarily because of the underwhelming Ragnarok Origin release in mainland China. While the Chinese release was certainly disappointing, the original investment thesis still remains intact.

Gravity: The Thesis Remains Intact

Seoul, South Korea, Aug. 09, 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 second quarter ended June 30, 2024, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

Gravity Reports Second Quarter of 2024 Results and Business Update

Seoul, South Korea, July 01, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Ragnarok Online was officially launched in China on June 28, 2024. After launching, it ranked second for All New Popular Games in WeGame.

Ragnarok Online Officially Launched in China on June 28, 2024

Seoul, South Korea, June 28, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Ragnarok: Rebirth, a mobile 3D MMORPG game, was launched in Southeast Asia on June 27, 2024. The game's publisher in Southeast Asia is Gravity Game Vision Limited ("GGV"), Gravity's subsidiary in Hong Kong.

Ragnarok: Rebirth Official Launching in Southeast Asia on June 27, 2024

Seoul, South Korea, June 14, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that 仙境 传说 ：破 晓 (“Ragnarok: Dawn”, Tentative English Title), a fantasy action MMORPG game, received an ISBN by Chinese government disclosed on June 5, 2024.

Correction: 仙境传说：破晓 (Ragnarok: Dawn, Tentative English Title) Received an ISBN from the Chinese Government

Seoul, South Korea, June 14, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announces that Ragnarok Online will be launched in China on June 28, 2024. The game will be published in China by Shanghai Taren Network Technology Co., Ltd., and Chinese players can download the game from the official Ragnarok Online website starting on the launch day.

Ragnarok Online Official Launching in China on June 28, 2024

Seoul, South Korea, June 13, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that 仙境 传说 ：破 晓 (“Ragnarok: Dawn”, Tentative English Title), a fantasy action MMORPG game, received an ISBN by Chinese government disclosed on June 5, 2024.

仙境传说：破晓 (Ragnarok: Dawn, Tentative English Title) Received an ISBN from the Chinese Government

Seoul, South Korea, June 07, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) ("Gravity" or "Company"), a developer and publisher of online and mobile games, announced the launch of Ragnarok: Novice Hearts (Tentative English Title, "Novice Hearts") in Taiwan, Hong Kong, and Macau on June 6, 2024, at 10:00 AM in local time. It has ranked first in Taiwan and Macau and second in Hong Kong in the Top Grossing and Free Game Downloads on the Apple App Store. On Google Play, it has ranked first in Free Game Downloads in all three regions.

Ragnarok: Novice Hearts Ranks at the Top on Official Launch in Taiwan, Hong Kong, and Macau

Seoul, Korea, May 09, 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 first quarter ended March 31, 2024, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

Gravity Reports First Quarter of 2024 Results and Business Update

Seoul, South Korea, April 26, 2024 (GLOBE NEWSWIRE) -- 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, 2023 with the Securities and Exchange Commission on April 26, 2024. The annual report can be accessed on the Company's investor relations Web site at https://www.gravity.co.kr/en/ir/notice

Gravity Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023

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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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.

News for Gravity Co Stock (GRVY)