Gravity Reports Preliminary Unaudited 4Q 2024 Results and Business Updates

Core Viewpoint - GRAVITY Co., Ltd. reported its preliminary unaudited financial results for Q4 2024, showing a slight quarter-over-quarter revenue increase but a significant year-over-year decline, primarily driven by new game launches in Southeast Asia and other regions [1][3][4]. Financial Results - The tentative consolidated revenue for Q4 2024 is KRW 130 billion, with an operating profit of KRW 16 billion [2]. - The preliminary consolidated revenue for the entire year of 2024 is KRW 501 billion, with an operating profit of KRW 85 billion [4]. - Q4 2024 revenue reflects a 1.3% increase quarter-over-quarter but a 10.7% decrease year-over-year [3]. Business Updates - The revenue increase in Q4 2024 is attributed to the launches of several games, including THE RAGNAROK in Southeast Asia, Ragnarok: Rebirth in Taiwan, Hong Kong, and Macau, and Ragnarok X: Next Generation in Japan [3]. - Two Ragnarok IP-based games received ISBN codes in China, indicating progress in the Chinese market [6]. - Multiple new games are scheduled for launch in 2025, including Ragnarok M: Classic, Ragnarok V: Returns, and Ragnarok Landverse, among others [8][9]. Liquidity Position - As of December 31, 2024, the balance of cash and cash equivalents and short-term financial instruments was KRW 553,202 million [5]. Investor Communication - The company issued an investor presentation detailing recent business updates and Q4 2024 results, available on its website [13].