Gravity reports first quarter of 2021 financial results and lineup games

GRAVITY Co., Ltd. (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, has recently announced its unaudited financial results for the first quarter ended March 31, 2021.

Advertisement

FIRST QUARTER 2021 HIGHLIGHTS

  • Total revenues were KRW 105,059 million (US$ 93,243 thousand), representing a 6.6% decrease from the fourth quarter ended December 31, 2020 (“QoQ”) and a 43.4% increase from the first quarter ended March 31, 2020 (“YoY”).
  • Operating profit was KRW 27,953 million (US$ 24,809 thousand), representing a 2.2% increase QoQ and a 169.9% increase YoY.
  • Profit before income tax expenses was KRW 28,620 million (US$ 25,401 thousand), representing a 7.0% increase QoQ and a 154.4% increase YoY.
  • Net profit attributable to the parent company was KRW 23,565 million (US$ 20,915 thousand), representing a 56.4% increase QoQ and a 154.4% increase YoY.

[Source] REVIEW OF FIRST QUARTER 2021 FINANCIAL RESULTS


Ragnarok Online IP-based Games 2021

  • Ragnarok Origin (MMORPG mobile game)
    • Ragnarok Origin opened the Japanese official website! https://ragnarokorigin.gungho.jp/
    • The game is being prepared for launch in Japan in the second quarter of 2021.
    • The closed beta test (“CBT”) has completed on April 22 with users’ positive feedbacks.
  • Ragnarok X: Next Generation (MMORPG mobile game)
    • April 23 ~ May 8 Finished CBT in Southeast Asia! (Thailand, the Philippines, Indonesia, Malaysia, and Singapore)
    • April 23 Opened pre-registration! https://www.ragnarokx.com/pre-register
    • The game is being prepared for launch in Southeast Asia in June 2021.
  • The Labyrinth of Ragnarok (Time Effective MMORPG)
    • The Labyrinth of Ragnarok was launched in global including Korea (except Taiwan, Hong Kong, Macau, China and Japan) on March 23, 2021.
  • Project S (Tentative title) (MMORPG mobile game)
    • A self-developed game that will succeed Ragnarok Online: Valkyrie Rising for Android and iOS.
    • Grand PVP contents and cinematic scenes applied.
    • The game is scheduled to start the CBT in the second half of 2021.
  • The Lost Memories: A Song of Valkyrie (Story RPG mobile game)
    • The game is expected to be launched in Thailand, North America and global in the second half of 2021.
    • The game was developed by Gravity NeoCyon, Inc., (subsidiary in Korea).
  • Ragnarok Begins (MMORPG PC)
    • A brand new MMORPG for PC based on the original Ragnarok Online featuring improved graphics and content.
    • The game is scheduled to launch in the second half of 2021.
  • Ragnarok: Poring Merge (Time Effective RPG) 
    • The game was launched in global on April 12, 2021.

Other IP games:

  • CPBL Pro Baseball 2021 (Sports mobile game)
    • Authentic baseball game providing realistic gameplay with high-quality graphics.
    • CPBL Pro-baseball 2021 opened the official website! https://probb.gnjoy.com.tw/
    • April 21 ~ April 25 Finished CBT! Received positive feedback about the simple operation and vivid realism, etc.
    • The game is scheduled to launch on June 17 in Macau, Taiwan, and Hong Kong.
  • The Lord (SRPG mobile game)
    • The game is expected to be launched in Indonesia, Vietnam, Taiwan, Hong Kong and Macau in the second half of 2021.

It seems that most of the games in Gravity’s lineup will finally be set in motion this year. Of course, this doesn’t mean it’s the end for Ragnarok-related games. It’s pretty obvious gravity isn’t done milking the franchise. So more RO games in 2022 and beyond? Only time will tell.

Advertisement