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Gravity (GRVY) investor relations material
Gravity Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached KRW 139 billion, up 8.2% year-over-year but down 18.7% sequentially; operating profit was KRW 21 billion, up 8.2% quarter-over-quarter but down 22.8% year-over-year.
Net profit attributable to parent was KRW 19.8 billion, a 50.0% increase QoQ but an 11.2% decrease YoY.
Profitability improved due to more efficient marketing expenses despite revenue stabilization from key titles.
Multiple new game launches and global expansion initiatives, including Ragnarok M: Classic Global, Ragnarok: Twilight, and new publishing agreements, supported business diversification.
Business diversification and global expansion, especially in Southeast Asia, Taiwan/HK/Macau, and Latin America, contributed to results.
Financial highlights
Net profit for Q3 2025 was KRW 19.8 billion.
Gross profit stood at KRW 50.4 billion, with total operating expenses at KRW 29.1 billion.
Cash and cash equivalents plus short-term financial instruments totaled KRW 609.9 billion by quarter-end.
Revenue breakdown: 34.7% from Southeast Asia & others, 32.7% from Taiwan/HK/Macau, 19.5% from Americas, 13.1% from Korea/Japan/China.
Mobile platforms contributed 78.9% of revenue, PC 18.7%, others 2.4%.
Outlook and guidance
Major upcoming launches include Ragnarok 3, Ragnarok: The New World, Ragnarok Abyss, Ragnarok Landverse Genesis America, and Ragnarok X: Next Generation, targeting global and regional markets in 2025-2026.
Continued focus on IP value maximization, business diversification, and global expansion, especially in Western markets and blockchain gaming.
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