NASDAQ$GRVY
Gravity Co Ltd · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Gravity Q3 2025: KRW 138.9B revenue down 19% QoQ but net profit up 50% to KRW 19.9B on margin improvement
Gravity Co., Ltd. reported Q3 2025 results for the quarter ended September 30, 2025, with total revenue of KRW 138.9 billion ($98.9M), down 18.7% quarter over quarter but up 8.2% year over year. Net profit attributable to parent company was KRW 19.9 billion ($14.1M), up 50.0% QoQ though down 11.2% YoY. Operating profit was KRW 21.3 billion and profit before tax KRW 27.2 billion. Mobile game revenue of KRW 109.6 billion declined 23.9% QoQ on softer Ragnarok M: Classic performance, partially offset by new launches including Ragnarok Zero, Twilight, and M: Classic Global. Online game revenue rose 18.2% QoQ on Ragnarok Zero in Taiwan/HK/Macau. Cash and short-term instruments totaled KRW 609.9 billion ($434.2M). The company highlighted multiple Ragnarok IP game launches and upcoming titles for 2026.
- Total revenue KRW 138.9B (-18.7% QoQ, +8.2% YoY); net profit KRW 19.9B (+50.0% QoQ, -11.2% YoY)
- Mobile games KRW 109.6B (-23.9% QoQ); online games KRW 26.0B (+18.2% QoQ) on Ragnarok Zero launch
- Operating profit KRW 21.3B (+8.2% QoQ); basic EPS KRW 2,859 per share ($2.04 per ADS)
- Cash and short-term financial instruments KRW 609.9B ($434.2M) as of September 30, 2025
- Multiple new game launches in Q3 including Ragnarok M: Classic Global, Aeruta on Steam, and Chess Rumble
Headline financials
Revenue & EPS history
Gravity · Revenue · Quarterly
₩139B
Revenue by segment
Gravity · ₩139B total across 3 segments · Q3 2025
- Mobile games₩110B—78.9%
- Online games₩26B—18.7%
- Other revenue₩3.36B—2.4%
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 Q3 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
| 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro