Gravity Co ( (GRVY) ) has provided an update.
Gravity Co., Ltd. held its Annual General Meeting on March 31, 2025, where shareholders approved financial statements for 2023 and 2024, reappointed eleven directors, and set a maximum compensation for directors. The company reported a 31% decline in revenues for 2024 compared to 2023, primarily due to decreased mobile game revenues, although new launches in the Americas and Asia provided some offset. Despite the revenue decline, Gravity recorded a net profit of KRW 84,902 million for 2024, with increased non-operating income contributing positively.
More about Gravity Co
Gravity Co., Ltd. is a South Korean-based developer and publisher specializing in online and mobile games. The company is known for its popular game titles, particularly in the Ragnarok series, and focuses on markets in Southeast Asia, Taiwan, Hong Kong, Macau, and the Americas.
YTD Price Performance: -1.67%
Average Trading Volume: 18,411
Technical Sentiment Signal: Buy
Current Market Cap: $420.8M
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