Gravity Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 06:00 am EDT
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Gravity Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was KRW 96,519 million compared to KRW 83,611 million a year ago. Net income was KRW 17,465 million compared to KRW 14,766 million a year ago. Basic earnings per share from continuing operations was KRW 2,513 compared to KRW 2,125 a year ago.
For the six months, revenue was KRW 185,126 million compared to KRW 188,670 million a year ago. Net income was KRW 33,896 million compared to KRW 38,331 million a year ago. Basic earnings per share from continuing operations was KRW 4,878 compared to KRW 5,516 a year ago.
Gravity Co., Ltd. is a developer, distributor and publisher of online games in Japan and Taiwan. The Company's segments include online games, mobile games and other. Its principal product includes Ragnarok Online, which is a multiplayer online role playing game. It categorizes products into over three categories, such as online games; mobile games and applications, and other games and game-related products and services, including character-based merchandise and animation. It offers over five online games, such as Ragnarok Online, Ragnarok Online II, Requiem, Dragonica (Dragon Saga) and R.O.S.E. Online, which are action adventure massively multiplayer online role-playing games (MMORPG). It develops mobile games, including Ragnarok Online-Uprising: Valkyrie, Ragnarok Online Mobile Story and Ragnarok Violet, and also publishes mobile games licensed from third parties. It provides games for game consoles and handheld game consoles, such as Nintendo DS, Xbox 360 and the PlayStation series.