NASDAQ$GRVY
Gravity Co Ltd · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Gravity Q1 2026: KRW 161.9B revenue (+18% YoY), operating profit KRW 30.8B on new Ragnarok launches
Gravity Co. reported Q1 2026 total revenue of KRW 161.9 billion ($106.3 million at KRW 1,523.50/$), up 17.8% year over year and 42.7% quarter over quarter, driven by mobile game launches including Ragnarok: The New World in Taiwan/HK/Macau and Ragnarok Origin Classic in Southeast Asia. Operating profit rose 24.7% YoY to KRW 30.8 billion, and net profit attributable to parent was KRW 29.4 billion ($19.3 million), up 33.4% YoY. Mobile games contributed KRW 132.8B while online games added KRW 25.9B. Cash and short-term instruments totaled KRW 611.6 billion as of March 31.
- Total revenue of KRW 161.9B (+17.8% YoY, +42.7% QoQ) with operating profit of KRW 30.8B
- Net profit of KRW 29.4B (+33.4% YoY); basic EPS of KRW 4,230 ($2.78 per ADS)
- Mobile revenue KRW 132.8B boosted by Ragnarok: The New World and Origin Classic launches
- Cash and short-term instruments of KRW 611.6B; multiple Ragnarok IP titles scheduled for 2026-2027
Headline financials
Revenue & EPS history
Gravity · Revenue · Quarterly
₩162B
Revenue by segment
Gravity · ₩162B total across 3 segments · Q1 2026
- Mobile games₩133B—82.0%
- Online games₩25.9B—16.0%
- Other revenue₩3.17B—2.0%
Forward guidance
Gravity outlined a pipeline of Ragnarok IP launches through 2027 including Ragnarok Online 3 in China Q1 2027, Ragnarok M: Classic in Korea July 2026, and multiple regional rollouts of The New World and Origin Classic.
Tailwinds
- Strong Q1 momentum from new mobile launches in Taiwan and Southeast Asia
- Deep Ragnarok IP pipeline with global expansion planned through 2027
Headwinds
- Higher cost of revenue from launch commissions on new titles
- Some legacy titles saw declining revenue offsetting new game gains
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+3.8%
Avg return
Earnings day
+3.7%
Avg return
5 days after
+9.9%
Avg return
30 days after
54%
26 / 48 earnings
Positive
+133.8%
Q3 2016
Best reaction
-34.7%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.0% | +2.9% | -4.0% | |
| Q4 2025 | -0.3% | -0.7% | -9.1% | |
| Q3 2025 | +1.6% | +2.1% | -2.3% | |
| Q2 2025 | -2.3% | +6.0% | +0.1% | |
| Q1 2025 | +5.8% | +5.9% | +3.5% | |
| Q3 2024 | +4.0% | -0.2% | +1.8% | |
| Q2 2024 | -15.0% | -14.1% | -17.4% | |
| Q1 2024 | +10.2% | +8.3% | +30.2% | |
| Q4 2023 | +10.2% | +8.3% | +30.2% | |
| Q3 2023 | +7.8% | +13.5% | +19.5% | |
| Q2 2023 | -6.3% | -7.8% | -6.7% | |
| Q1 2023 | +7.6% | +8.4% | +8.0% | |
| Q4 2022 | -0.3% | +1.9% | +8.6% | |
| Q3 2022 | -13.1% | -15.6% | -27.1% | |
| Q2 2022 | +5.3% | +1.9% | +0.0% | |
| Q1 2022 | +16.1% | +16.1% | +15.5% | |
| Q4 2021 | -0.9% | +2.8% | +26.7% | |
| Q3 2021 | -16.9% | -21.6% | -32.6% | |
| Q2 2021 | -10.4% | -14.7% | +6.2% | |
| Q1 2021 | +10.4% | +7.4% | +28.8% | |
| Q4 2020 | -8.2% | -19.2% | +9.8% | |
| Q3 2020 | +0.2% | -6.2% | +29.6% | |
| Q2 2020 | +11.6% | +11.6% | +38.3% | |
| Q1 2020 | +21.3% | +27.8% | +39.9% | |
| Q4 2019 | +4.5% | -3.3% | +31.5% | |
| Q3 2019 | +7.0% | +4.2% | -3.5% | |
| Q2 2019 | -18.2% | -20.4% | -25.1% | |
| Q1 2019 | +29.4% | +29.1% | -4.0% | |
| Q4 2018 | -1.0% | -1.8% | +28.2% | |
| Q3 2018 | +30.7% | +38.2% | +49.0% | |
| Q2 2018 | -34.7% | -34.2% | -40.3% | |
| Q1 2018 | -1.0% | -3.1% | -12.5% | |
| Q4 2017 | +14.3% | +14.1% | -4.7% | |
| Q3 2017 | -5.0% | +7.1% | +23.9% | |
| Q2 2017 | +21.3% | +14.4% | +35.8% | |
| Q4 2016 | -20.2% | -25.4% | -14.4% | |
| Q1 2017 | -20.2% | -25.4% | -14.4% | |
| Q3 2016 | +133.8% | +145.7% | +140.2% | |
| Q2 2016 | -1.8% | -2.2% | +19.6% | |
| Q1 2016 | -12.1% | -15.8% | -11.1% | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | +0.0% | — | — | |
| Q2 2015 | +3.4% | — | — | |
| Q1 2015 | -0.5% | — | — | |
| Q3 2014 | -4.7% | — | — | |
| Q2 2014 | +1.2% | — | — | |
| Q1 2014 | +1.1% | — | — | |
| Q2 2009 | +2.6% | — | — |
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