S. Korean online game publisher Gravity Q3 revenue up 8.2% YoY

Reuters
Nov 07, 2025
S. Korean online game publisher Gravity Q3 revenue up 8.2% YoY

Overview

  • Gravity Q3 total revenue up 8.2% YoY, down 18.7% QoQ

  • Operating profit rises 8.2% QoQ, falls 22.8% YoY

  • Net profit attributable to parent company up 50% QoQ, down 11.2% YoY

Outlook

  • Company plans to launch Ragnarok X: Next Generation in Europe, Middle East, and North Africa in H1 2026

  • Ragnarok Abyss is set for Southeast Asia launch in H1 2026

  • Ragnarok Landverse Genesis America to launch in North and South America on Dec 11, 2025

Result Drivers

  • ONLINE GAME REVENUE - Increase QoQ driven by initial revenue from Ragnarok Zero in Taiwan, Hong Kong, and Macau, and Ragnarok Online America Latina in Latin America

  • MOBILE GAME REVENUE - Decrease QoQ due to lower revenues from Ragnarok M: Classic in Southeast Asia and other regions, partially offset by new launches

  • OPERATING EXPENSES - Decrease QoQ due to reduced advertising and R&D expenses, increase YoY due to higher advertising costs and salaries

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

KRW 138.89 bln

Q3 Net Income

KRW 19.87 bln

Q3 Operating Expenses

KRW 29.08 bln

Q3 Operating Profit

KRW 21.28 bln

Press Release: ID:nGNX5kjyd7

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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