Gravity reported first-quarter 2026 revenue of KRW 161,878 million, up 17.8% from 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 May 8, 2026, Gravity Co. filed a Form 6-K, the report a foreign company files with the US Securities and Exchange Commission to disclose news, with its unaudited results for the first quarter ended Mar 31, 2026, prepared under International Financial Reporting Standards as issued by the International Accounting Standards Board. Total revenues were KRW 161,878 million, up 17.8% from the first quarter of 2025 and 42.7% from the fourth quarter of 2025; the release also gave the figure as US$ 106,254 thousand at KRW 1,523.50 to the dollar, a rate it used for convenience. Operating profit was KRW 30,830 million, up 24.7% from a year earlier and 163.1% from the fourth quarter, when it was KRW 11,720 million. Net profit attributable to the parent company, the owners' share of the group's profit, was KRW 29,394 million, against KRW 12,312 million in the fourth quarter of 2025 and KRW 22,038 million in the first quarter of 2025, and profit before income tax expense was KRW 38,325 million.1^,2^,3^,4^,5^,6^,7^,8^,9

Mobile games brought in KRW 132,800 million, up 15.0% from KRW 115,486 million a year earlier and 54.1% from KRW 86,175 million in the fourth quarter. Gravity linked the rise from the fourth quarter to initial revenue from Ragnarok: The New World, launched in Taiwan, Hong Kong and Macau on Jan 15, 2026, and from Ragnarok Origin Classic, launched in Southeast Asia (except Vietnam), Taiwan, Hong Kong, Macau and Korea on Mar 26, 2026, and to more revenue from Ragnarok X: Next Generation; lower revenue from Ragnarok: Twilight in Southeast Asia and Ragnarok M: Classic partly offset it. Online games brought in KRW 25,906 million, up 37.8% from KRW 18,806 million a year earlier, which the company tied largely to Ragnarok Online in Thailand and to Ragnarok Online America Latina, launched in Latin America on May 28, 2025. Cost of revenue was KRW 110,224 million, up 48.4% from KRW 74,262 million in the fourth quarter, which the company put mainly down to initial commission paid for the mobile service of Ragnarok: The New World in Taiwan, Hong Kong and Macau. Operating expenses were KRW 20,824 million, down 17.6% from KRW 25,276 million a year earlier.10^,11^,12^,13^,14^,15^,16

Cash and cash equivalents plus short-term financial instruments stood at KRW 611,615 million on Mar 31, 2026. In its business update, Gravity said it planned to launch Ragnarok M: Classic in Korea in July 2026 and Ragnarok: The New World in Southeast Asia (except Vietnam) the same month, and Ragnarok Online 3 in China in the first quarter of 2027. Console and PC games it scheduled for launch in the second half of 2026 included Jaleco Arcade Collection, LIGHT ODYSSEY, Hashire HEBEREKE: EX and GALVATEIN: Adventure's Guild.17^,18^,19^,20^,21^,22^,23^,24