Quarterly ResultMay 8, 2026, 06:03 AM
Gravity Q1 Net Profit +33.4% YoY to $19.29M; Revenue +17.8% YoY
AI Summary
Gravity reported strong financial results for the first quarter ended March 31, 2026, with total revenues increasing 17.8% year-over-year to $106.25 million and net profit attributable to the parent company rising 33.4% year-over-year to $19.29 million. This growth was primarily driven by a 15.0% YoY increase in mobile game revenues, boosted by new launches like Ragnarok: The New World and Ragnarok Origin Classic, alongside a 37.8% YoY increase in online game revenues. The company also provided extensive updates on its upcoming game launches and Ragnarok IP expansions.
Key Highlights
- Net profit attributable to parent company increased 33.4% YoY to $19.29 million (KRW 29,394 million).
- Total revenues rose 17.8% YoY to $106.25 million (KRW 161,878 million).
- Operating profit grew 24.7% YoY to $20.24 million (KRW 30,830 million).
- Mobile game revenues increased 15.0% YoY to $87.17 million (KRW 132,800 million).
- Online game revenues increased 37.8% YoY to $17.00 million (KRW 25,906 million).
- Operating expenses decreased 17.6% YoY to $13.67 million (KRW 20,824 million).
- Cash and cash equivalents and short-term financial instruments totaled $401.45 million as of March 31, 2026.