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Gravity second quarter revenue falls 5.2% to $104.5 million
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Gravity second quarter revenue falls 5.2% to $104.5 million

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  • Gravity reported Q2 2026 revenue of KRW161.9 billion (US$104.5 million), down 5.2% year over year and broadly flat quarter over quarter.
  • Operating profit increased 40.2% to KRW27.6 billion, while GRVY shares rose 8.10% to $66.08 in extended trading.
  • Gravity is expanding its Ragnarok portfolio across additional markets while developing new joint ventures and gaming platforms.

Gravity (NASDAQ:GRVY) reported Q2 2026 revenue of KRW161.9 billion (US$104.5 million), down 5.2%, while operating profit rose 40.2% to KRW27.6 billion.

Revenue was broadly unchanged from Q1, while net profit attributable to the parent increased 83.8% year over year to KRW24.3 billion.

Online game revenue increased 35% year over year to KRW29.7 billion, while mobile game revenue declined 10.7% to KRW128.6 billion.

Gravity ended June with KRW649.2 billion (US$419.2 million) in cash and short-term financial instruments and reported higher research and development spending from Q1.

Gravity received Chinese ISBN approval for Ragnarok M: Eternal Love 2 in July and plans additional Ragnarok releases across Asia, Europe and the Americas.

The company has established a joint venture in Indonesia and said it plans additional ventures while developing global user-generated-content and HTML5 gaming platforms.

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