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GRAVITY ANNOUNCES FILING OF ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2024

1. GRVY filed its annual Form 20-F report for FY 2024. 2. Revenue was KRW 500,845 million, down 31.0% YoY. 3. Operating profit decreased by 46.8% to KRW 85,384 million. 4. Net profit attributable to parent company fell 35.7% to KRW 84,919 million. 5. Ragnarok Online remains popular across 91 regions.

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FAQ

Why Bearish?

Significant drops in revenue and profit indicate downward financial trends. Historical examples show substantial earnings declines can lead to short-term stock price reductions.

How important is it?

Earnings reports heavily influence investor sentiment, impacting stock prices directly. The drastic financial drops warrant attention for potential sell-offs or dips in investor confidence.

Why Short Term?

The immediate financial results suggest GRVY may struggle in the near future. Past trends indicate quick responses in market reactions to earnings contrasts.

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GAMETTWOATVI
Seoul, South Korea, April 25, 2025 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or the “Company”) today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 25, 2025. The annual report can be accessed on the Company’s investor relations Web site at https://www.gravity.co.kr/en/ir/notice. The shareholders and ADS holders of Gravity may receive a hard copy of the annual report, which contains its audited consolidated financial statements, free of charge upon request. Requests should be directed to IR Unit, Gravity Co., Ltd., 15F, 396 World Cup buk-ro, Mapo-gu, Seoul 03925, South Korea. In the annual report on Form 20-F, the consolidated revenue is KRW 500,845 million, the operating profit is KRW 85,384 million, and the net profit attributable to parent company is KRW 84,919 million for the fiscal year ended December 31, 2024. (In millions of KRW)  20242023YoYRevenue500,845725,516-31.0%Operating profit85,384160,367-46.8%Net profit attributable to parent company84,919132,019-35.7% About GRAVITY Co., Ltd. ---------------------------------------------------Based in Korea, Gravity is a developer and publisher of online and mobile games. Gravity's principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr. Contact:Mr. Heung Gon KimChief Financial OfficerGravity Co., Ltd.Email: kheung@gravity.co.kr Ms. Jin LeeMs. Yujin Oh IR Unit Gravity Co., Ltd. Email: ir@gravity.co.kr Telephone: +82-2-2132-7800

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