Gravity revenue advances 42% to KRW197 billion
By Liezl GambeKey points
- Gravity (NASDAQ:GRVY) reported third-quarter 2026 revenue of KRW197,146 million, up 41.9% year over year and 21.8% sequentially.
- Operating profit increased 35% year over year to KRW28,728 million, while net profit attributable to the parent rose 7.7% to KRW21,407 million.
- Mobile game revenue increased 54.6% to KRW169,387 million, while Gravity plans to establish subsidiaries in Thailand and Singapore to develop new content platforms.
Gravity (NASDAQ:GRVY) reported third-quarter 2026 revenue of KRW197,146 million, up 41.9% year over year and 21.8% from the previous quarter.
Operating profit increased 35% year over year to KRW28,728 million, while net profit attributable to the parent reached KRW21,407 million, up 7.7% annually but down 12.1% sequentially.
Mobile game revenue increased 54.6% year over year to KRW169,387 million, while online game revenue declined 3.2% to KRW25,139 million.
Cost of revenue increased 60% year over year to KRW141,696 million, exceeding the growth rate in total revenue.
Cash, cash equivalents and short-term financial instruments totaled KRW616,485 million at September 30, 2026, providing the company with funds for its gaming and business operations.
Gravity plans to establish subsidiaries in Thailand and Singapore before the end of 2026 to develop new content platforms, while its third-quarter financial results remain unaudited.
