Gravity Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 06:05 am EST
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Gravity Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was KRW 176,145 million compared to KRW 102,377 million a year ago. Net income was KRW 28,961 million compared to KRW 16,076 million a year ago. Basic earnings per share from continuing operations was KRW 4,168 compared to KRW 2,313 a year ago.
For the nine months, revenue was KRW 579,986 million compared to KRW 287,503 million a year ago. Net income was KRW 110,443 million compared to KRW 49,972 million a year ago. Basic earnings per share from continuing operations was KRW 15,894 compared to KRW 7,191 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.
GRAVITY CO., LTD. 
