- Gravity Co., Ltd. (GRVY, Financial) filed its annual report for fiscal year 2024, showing significant declines in financial performance.
- The company reported a 31.0% decrease in consolidated revenue year-over-year, totaling KRW 500,845 million.
- Operating profit and net profit attributable to the parent company also fell by 46.8% and 35.7% respectively compared to 2023.
Gravity Co., Ltd. (GRVY), a South Korea-based developer and publisher of online and mobile games, submitted its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the U.S. Securities and Exchange Commission on April 25, 2025. The report is available on the company's investor relations website and provides comprehensive insights into the company's financial performance over the past year.
The company's consolidated revenue registered a significant decline, falling 31.0% year-over-year to KRW 500,845 million from KRW 725,516 million in 2023. Similarly, operating profit decreased by 46.8%, amounting to KRW 85,384 million, a stark contrast to the previous year's KRW 160,367 million. Net profit attributable to the parent company also took a hit, dropping 35.7% to KRW 84,919 million from KRW 132,019 million reported in 2023.
Shareholders and ADS holders are entitled to request a hard copy of this annual report, which includes the audited consolidated financial statements, from Gravity's Investor Relations Unit in Seoul, South Korea. Details for this and more financial disclosures can be accessed through the company's official website.
