Gravity reported preliminary fourth-quarter 2025 revenue of KRW 113 billion, down 12.9% on a year earlier

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On Feb 13, 2026, Gravity Co. filed a Form 6-K, the report a foreign company listed in the US uses to pass on what it has made public, carrying preliminary unaudited results for the fourth quarter ended December 31, 2025, prepared under International Financial Reporting Standards. Tentative consolidated revenue for the quarter was KRW 113 billion, 18.6% below the previous quarter and 12.9% below a year earlier, and tentative consolidated operating profit was KRW 12 billion. The company attributed the result mainly to lower revenue from Ragnarok M: Classic, launched in Southeast Asia on Feb 14, 2025 and in Taiwan, Hong Kong and Macau on Apr 16, 2025. For the full year 2025, it gave unaudited preliminary consolidated revenue of KRW 560 billion and operating profit of KRW 77 billion. It said the figures were subject to revision and that the final result for the fourth quarter and the year would come in its annual report on Form 20-F for the fiscal year ended December 31, 2025. Cash, cash equivalents and short-term financial instruments were KRW 618,633 million as of December 31, 2025.1^,2^,3^,4^,5^,6^,7^,8^,9^,10

The business update said Ragnarok: The New World launched in Taiwan, Hong Kong and Macau on Jan 15, 2026, ranking first for free downloads and top-grossing on Apple App Store, and first for free downloads and within the top five for top-grossing on Google Play across all three regions. It said the game was scheduled for Southeast Asia (except Vietnam) and for a global release (except China, Taiwan, Hong Kong, Macau, Japan, Korea and CIS) in the second half of 2026. It also reported launches of Ragnarok X: Next Generation in Europe (France, Italy and Germany), the Middle East, Egypt and Algeria on Jan 14, 2026, and of Ragnarok: Rebirth in China on Dec 25, 2025. Among its other games, the release listed Jaleco Arcade Collection, LIGHT ODYSSEY and Final Knight for a global launch in the second half of 2026.11^,12^,13^,14^,15^,16^,17

For 2024, Gravity's annual report gave operating income of KRW 85.38 billion, down from KRW 160.37 billion for 2023.18^,19

These are the company's own unaudited figures as its release prints them; the investor presentation the release points to is not read here.20^,3