Puzzle & Dragons

GungHo Online Entertainment FY2021 Financial Results

GungHo Online Entertainment’s financial results for the fiscal year ending December 31, 2021, demonstrate a period of sustained growth characterized by increased revenue and profitability.

GungHo Online Entertainment Financial Results Briefing: FY2021

GungHo Online Entertainment’s fiscal year 2021 financial results demonstrate a period of sustained growth driven by the continued monetization of core intellectual properties and the aggressive global expansion of the Ragnarok franchise.

• GungHo Online Entertainment reported strong FY2021 financial results with consolidated net sales of 104.6 billion yen and an operating profit of 32.8 billion yen.
• The flagship title Puzzle & Dragons remained the primary driver of domestic performance, maintaining high monthly active user counts through consistent collaboration events.
• Subsidiary Gravity successfully scaled the Ragnarok franchise internationally, with the regional rollouts of Ragnarok Origin and Ragnarok X: Next Generation significantly boosting revenue in Southeast Asia and North America.

GungHo Online Entertainment Financial Results Briefing: FY2021 Q3

GungHo Online Entertainment’s fiscal year 2021 third-quarter financial results demonstrate a period of growth driven by the successful performance of core intellectual properties and the expansion of its subsidiary, Gravity.

• GungHo reported growth in both net sales and operating income for Q3 2021 on both a quarter-over-quarter and year-over-year basis.
• The flagship title Puzzle & Dragons maintained high monthly active user counts through consistent live-service updates, with preparations underway for its 10th anniversary in early 2022.
• The Nintendo Switch title Ninjala surpassed 8 million worldwide downloads, supported by e-sports integration and planned anime adaptations.

GungHo Online Entertainment FY2021 Q2 Financial Results

GungHo Online Entertainment’s financial results for the second quarter of the fiscal year ending December 2021 demonstrate strong growth across its global gaming operations.

• GungHo reported significant growth for Q2 2021, with net sales rising 21.0% to 51,036 million yen and operating profit increasing 39.5% to 17,225 million yen.
• Profit attributable to owners of the parent surged by 66.4% year-over-year, reaching 13,278 million yen.
• Flagship title Puzzle & Dragons maintained stable monthly active users through consistent updates and collaborations, serving as a primary driver of financial performance.

GungHo Online Entertainment Financial Results: FY2020 Q4

GungHo Online Entertainment’s financial results for the fourth quarter of fiscal year 2020 demonstrate a period of sustained growth driven by the successful monetization of core intellectual properties and the expansion of its subsidiary, Gravity.

• GungHo Online Entertainment achieved 98.8 billion yen in consolidated net sales and 30.1 billion yen in operating profit for the full fiscal year 2020.
• Puzzle & Dragons remained the primary revenue driver in Q4 2020, maintaining high monthly active user counts through its 9th-anniversary celebrations and strategic collaborations.
• Subsidiary Gravity significantly bolstered financial results through the regional launches of Ragnarok Origin in South Korea and Ragnarok X: Next Generation in Taiwan, Hong Kong, and Macau.

GungHo Online Entertainment FY2020 Q2 Financial Results

GungHo Online Entertainment’s financial results for the second quarter of the fiscal year ending December 2020 reflect a period of contraction compared to the previous year.

GungHo Online Entertainment FY2019 Financial Results

GungHo Online Entertainment’s financial results for the fiscal year ending December 31, 2019, demonstrate consistent growth in both revenue and profitability.

GungHo Online Entertainment Financial Results Briefing: FY2019

GungHo Online Entertainment’s fiscal year 2019 financial results demonstrate a successful reversal of previous downward revenue trends, driven by the sustained performance of its flagship title, Puzzle & Dragons, and the global expansion of the Ragnarok M franchise.

• GungHo Online Entertainment achieved 101.3 billion yen in consolidated net sales and 28.3 billion yen in operating income for FY2019, marking a successful reversal of previous downward revenue trends.
• The flagship title Puzzle & Dragons remained the primary driver of non-consolidated revenue, supported by the introduction of new monetization models like the P&D Pass subscription service.
• Subsidiary Gravity significantly boosted performance by expanding the Ragnarok M franchise into global markets, reaching a milestone of over 30 million worldwide downloads.

GungHo Online Entertainment Consolidated Financial Results for FY 2019: Supplementary Material

GungHo Online Entertainment’s consolidated financial results for the 2019 fiscal year demonstrate a period of growth, characterized by a 10.1% year-on-year increase in net sales to 101,392 million yen.

• GungHo Online Entertainment achieved a 10.1% year-on-year increase in net sales, reaching 101,392 million yen for the 2019 fiscal year.
• Operating income grew by 6.7% to 28,349 million yen, despite increased marketing expenditures for new title launches.
• The company's gross profit margin slightly compressed to 52.5%, primarily due to a higher cost-of-sales ratio from subsidiary operations managed by GRAVITY Co., Ltd.

GungHo Online Entertainment FY2019 Q3 Financial Results Briefing

GungHo Online Entertainment’s third-quarter financial results for 2019 highlight a period of sustained growth driven by the successful management of legacy titles and the strategic expansion of new mobile and console offerings.

• GungHo Online Entertainment reported a 22.6% year-over-year increase in net sales for Q3 2019, driven by the performance of Puzzle & Dragons and the global expansion of the Ragnarok M franchise.
• The Ragnarok M series, managed by subsidiary Gravity, surpassed 30 million downloads worldwide as of October 2019 following its expansion into European markets.
• Operating income experienced a quarterly decline due to increased advertising expenditures allocated to the launch of new titles.

GungHo Online Entertainment FY2019 Q2 Financial Results

GungHo Online Entertainment’s financial results for the second quarter of the fiscal year ending December 2019 demonstrate significant year-over-year growth in both revenue and profitability.

• GungHo Online Entertainment reported strong growth for H1 2019, with net sales reaching 58.68 billion yen (up 37.4% YoY) and operating profit rising 67.1% to 20.44 billion yen.
• Net income attributable to owners of the parent increased by 75.5% to 13.34 billion yen during the first half of 2019.
• Flagship title Puzzle & Dragons remains the primary revenue driver, maintaining stable monthly active user counts through consistent updates, collaborations, and e-sports initiatives.

GungHo Online Entertainment Financial Results: Fiscal Year Ended December 31, 2018

GungHo Online Entertainment’s 2018 fiscal year results highlight a strategic pivot toward stabilizing core intellectual properties while aggressively expanding the global reach of subsidiary-led titles.

• GungHo stabilized net sales in 2018, halting previous downward trends and achieving a significant rebound in sales and profit during the fourth quarter.
• The Ragnarok M franchise achieved rapid international scaling, exceeding 5 million downloads in Southeast Asia within one month of its October 2018 launch.
• Puzzle & Dragons remains the company's flagship revenue driver, with year-end promotional events successfully boosting monthly active user engagement.