Gravity Q4 Revenue Falls 18.6% to KRW113B; New World Tops App Charts
Gravity posted preliminary Q4 2025 revenue of KRW113B, down 18.6% QoQ and 12.9% YoY, with operating profit of KRW12B. Full-year revenue reached KRW560B, operating profit KRW77B, with KRW618.6B in cash; several new Ragnarok titles launched globally and Ragnarok: The New World ranked #1 in free and top-grossing apps.
1. Preliminary Q4 and Full-Year Results
Gravity reported preliminary fourth-quarter revenue of KRW113 billion and operating profit of KRW12 billion, representing an 18.6% quarter-on-quarter and 12.9% year-on-year decline. For full-year 2025, consolidated revenue reached KRW560 billion with operating profit of KRW77 billion and cash and short-term instruments of KRW618.6 billion; final audited results will appear in the 20-F.
2. Business Pipeline and Recent Launches
The company has rolled out multiple Ragnarok Online IP titles, including Ragnarok Monster Kitchen, Rebirth, X: Next Generation and Twilight, and Ragnarok: The New World, which achieved #1 free and top-grossing rankings in Taiwan, Hong Kong and Macau. Key upcoming releases include Ragnarok Online 3 in China in Q4 2026 and global launch in 2027, along with other MMORPG and console titles slated throughout 2026.