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Stock impact report

GRAVITY REPORTS PRELIMINARY UNAUDITED 4Q 2023 RESULTS AND BUSINESS UPDATES

GRAVITY Co., Ltd. - American depositary shares, each representing one common share. (GRVY) 
US:NASDAQ Investor Relations: gravity.co.kr/en/ir/adr/index.asp
Company Research Source: GlobeNewswire
Seoul, Feb. 14, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the fourth quarter ended December 31, 2023, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates. PRELIMINARY UNAUDITED FOURTH QUARTER 2023 FINANCIAL RESULTS Tentative consolidated revenue for the fourth quarter of 2023 is KRW 146 billion, and tentative consolidated operating profit is KRW 26 billion. The preliminary fourth quarter of 2023 result is mainly attributed by decreased revenues from Ragnarok Origin in Southeast Asia. Tentative consolidated revenue for the fourth quarter of 2023 represented a 17.1% decrease in QoQ and a 17.1% decrease in YoY. Unaudited preliminary consolidated revenue for 2023 is KRW 726 billion, and the ope Show less Read more
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