Ragnarok Idle Adventure Plus
GameBy Gravity Game Hub · Released Feb 13, 2025
Documents about Ragnarok Idle Adventure Plus
Financial report1 page
Annual Report on Form 20-F: Gravity Co.
Gravity Co., Ltd., the Seoul-based publisher of the Ragnarok franchise and a NASDAQ-listed company (GRVY) majority-owned by GungHo Online Entertainment (59.3%), filed this IFRS-based annual report for fiscal 2025.
- Gravity Co.'s gross profit margin declined to 35.0% in 2025 from 38.7% in 2024, driven by higher platform fees, royalties, and commissions associated with the revenue growth of 'Ragnarok M: Classic' in Southeast Asia, Taiwan, Hong Kong, and Macau.
- Selling, general, and administrative expenses rose 15.6% to 106,924 million KRW in 2025, primarily fueled by a 15.5% increase in advertising spend for new launches like 'Ragnarok Idle Adventure Plus' and 'Ragnarok Online America Latina'.
- The company is shifting its strategic focus toward mobile gaming as user preferences evolve, noting that 'Ragnarok Online' PCU and ACU metrics have experienced a downward trend.
Gravity Co.Apr 2026
Financial report8 pages
GungHo Online Entertainment Q3 2025 Financial Results
GungHo Online Entertainment's consolidated results for the first nine months of fiscal 2025 (January to September, Japanese GAAP) show a sharp profit decline despite a modest revenue dip.
- GungHo reported a 62.9% decline in operating profit to 5.87 billion yen and a 70.2% drop in net profit to 2.89 billion yen for the nine-month period ending September 30, 2025.
- Net sales for the first nine months of 2025 fell by 3.8% year-over-year, totaling 73.59 billion yen.
- The company attributes its financial contraction to a competitive domestic mobile market where users are shifting leisure time toward video content and digital comics.
GungHo Online EntertainmentNov 2025
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