GRAVITY (NASDAQ:GRVY), a leading developer and publisher of online and mobile games, today announced its unaudited financial results for the first quarter ended March 31, 2025.
The company reported total revenues of KRW 137,464 million (approximately US$ 93,231 thousand) for the first quarter of 2025.
This represents a 6% increase compared to the fourth quarter of 2024 and a 14.8% increase from the first quarter of 2024.
Operating profit for the first quarter of 2025 was KRW 24,730 million (approximately US$ 16,772 thousand), a significant increase of 55% quarter-over-quarter.
However, this figure represents an 8% decrease compared to the same period last year.
Profit before income tax expenses for the quarter reached KRW 28,450 million (approximately US$ 19,295 thousand), an increase of 12.1% from the previous quarter.
Year-over-year, profit before income tax expenses saw a decrease of 12.5%.
Net profit attributable to parent company for the first quarter of 2025 was reported as KRW 22,038 million (approximately US$ 14,947 thousand).
This was a decrease of 4.6% compared to the fourth quarter of 2024 and an 18% decrease from the first quarter of 2024.