Gravity Co. Struggles in Q2 Despite New Launches

Gravity Co (GRVY) has released an update.

Gravity Co., Ltd., a South Korean online and mobile game developer, has reported a slight increase in total revenues for Q2 2024 compared to Q1, but a significant decrease from the previous year’s figures. Despite the launch of new titles and expansions in various regions, the company faced a substantial drop in operating profit, profit before income tax, and net profit attributable to the parent company both quarterly and year over year. These financial challenges come amid active development and planned launches for various games in the Ragnarok series and other IP-based games.

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