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

Reuters
2025.11.07 11:24
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S. Korean online game publisher Gravity reported a Q3 revenue increase of 8.2% year-on-year, totaling KRW 138.89 billion, but a decline of 18.7% quarter-on-quarter. Operating profit rose 8.2% QoQ to KRW 29.08 billion, while net profit attributable to the parent company increased 50% QoQ to KRW 19.87 billion. The company plans to launch several games in 2026, including Ragnarok X: Next Generation in Europe and Ragnarok Landverse Genesis in the Americas. Revenue growth was driven by new game launches, despite a decrease in mobile game revenue due to lower performance in certain regions.

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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/Mis Actual Consensu

s s

Estimate

Q3 KRW

Revenue 138.89

bln

Q3 Net KRW

Income 19.87

bln

Q3 KRW

Operatin 29.08

g bln

Expenses

Q3 KRW

Operatin 21.28

g Profit bln

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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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