NASDAQ$GRVY

Gravity Co Ltd · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Gravity Q2 2025: KRW 170.7B revenue up 39% YoY on Ragnarok launches, net profit KRW 13.2B

Gravity Co., Ltd. reported Q2 2025 results for the quarter ended June 30, 2025, with total revenue of KRW 170.7 billion ($126.1M), up 24.2% quarter over quarter and 38.9% year over year. Net profit attributable to parent company was KRW 13.2 billion ($9.8M), down 39.9% QoQ but up 5.4% YoY. Operating profit was KRW 19.7 billion and gross profit KRW 56.7 billion. Mobile game revenue of KRW 144.0 billion rose 45.4% YoY on launches of Ragnarok M: Classic, Ragnarok X: Next Generation, and Ragnarok Idle Adventure Plus, while online game revenue grew 13.0% YoY on Ragnarok Online America Latina. Cash and short-term financial instruments totaled KRW 576.8 billion ($426.2M). The company highlighted multiple new Ragnarok IP launches and upcoming global releases through 2025.

  • Total revenue KRW 170.7B (+24.2% QoQ, +38.9% YoY); net profit KRW 13.2B (-39.9% QoQ, +5.4% YoY)
  • Mobile games KRW 144.0B (+45.4% YoY); online games KRW 22.0B (+13.0% YoY) on Latin America PC launch
  • Operating profit KRW 19.7B; basic EPS KRW 1,906 per share ($1.41 per ADS)
  • Cash and short-term instruments KRW 576.8B ($426.2M) as of June 30, 2025
  • Multiple new launches including Ragnarok X in Americas, Ragnarok Online America Latina, and Poring Rush in Korea

Headline financials

Total Revenue

₩171B

Previous: ₩89.7M+190268.0%
EPS (adj)

₩1.41

Previous: ₩1.31+7.6%
Operating profit

₩19.7B

No prior period
Net Income

₩13.2B

Previous: ₩9.17M+144376.9%
Operating Income

₩19.7B

Previous: ₩10.6M+185032.0%
Gross Profit

₩56.7B

Previous: ₩34.3M+165535.4%
Cash & Equivalents

₩577B

No prior period

Revenue & EPS history

Gravity · Revenue · Quarterly

₩171B

Q2 2025+190,268%vs Q2 2024

Revenue by segment

Gravity · ₩171B total across 3 segments · Q2 2025

  • Mobile games
    ₩144B
  • Online games
    ₩22B
  • Other revenue
    ₩4.77B

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 Q2 2025

Historical avgQ2 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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