Interactive Entertainment / Online & Mobile Gaming
Strategic Profile
The company develops game-based content business with One-Source Multi Use strategy and game content with creative ideas and active expansion for satisfying global users. The company is the exclusive license holder for the intellectual property of Ragnarok, a popular Korean manhwa inspired by Nordic mythology. Gravity is expanding through mobile games, IP licensing, merchandise, and new game launches across Southeast Asia and beyond.
Cyborg Score Rationale
Gravity benefits from a durable flagship IP with nearly 25 years of market presence, diversified revenue streams across mobile and online gaming, and active expansion in high-growth Southeast Asian markets. Recent announcements show continuous product launches and year-on-year revenue growth.
Top Insights
Ragnarok IP demonstrates exceptional longevity and cultural resonance across Asia after ~24 years, continuing to generate revenue across multiple game variants and formats
Multi-platform strategy extends IP through mobile games, animations, merchandise, NFTs, and space exhibitions, reducing dependency on single revenue stream
Active 2025-2026 launch calendar with titles like Ragnarok: Twilight, Ragnarok Endless Trails, and WiZmans World Re;Try driving growth momentum
Strong presence in high-growth Southeast Asian gaming markets with official launches and partnerships, positioning company for regional upside
Named Competitors
Maplestory/Maplestory 2 — Fantasy MMORPG franchise with strong Asian market presence
Lost Ark/Blade & Soul — Action MMORPGs targeting global audiences
Various Mobile Titles — South Korean mobile gaming company with diverse IP portfolio
Recent Developments
(February 2026) Announced preliminary unaudited Q4 2025 results and business updates
(January 2026) Launched multiple Ragnarok titles including Ragnarok: Twilight in Vietnam and Ragnarok: The NeverEnding Story, plus GRAVITY Game Hub
(December 2025) Ragnarok Online Landverse America officially launched under license partnership with Maxion Tech in Southeast Asia
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