Gravity Co’s Soaring Earnings and Profit Growth
Company Announcements

Gravity Co’s Soaring Earnings and Profit Growth

Gravity Co (GRVY) has released an update.

Gravity Co., a South Korean online and mobile game developer, reported a significant revenue increase of 56.5% for the fiscal year 2023, driven largely by the mobile game segment with the successful launch of Ragnarok Origin in Southeast Asia. Despite a dip in online game sales, the company saw a 22.6% growth in gross profit while reducing selling, general and administrative expenses by 13%. The financial year concluded with an impressive net profit surge, marking a robust performance for Gravity Co.

For further insights into GRVY stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskGravity Co. Reports Mixed Q3 2024 Financial Results
TheFlyGravity reports results of Rangarok IP launches
TheFlyGravity announces launch of Ragnarok: Rebirth in Taiwan, Hong Kong, Macau
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App