Gravity has managed a rather impressive feat for Q2 2026: despite a dip in total revenue, the company has successfully achieved higher operating profits compared to the same period last year. A significant factor here is a 33.2% reduction in operating expenses year-on-year.

Gravity reported revenue of 161.9 billion KRW and an operating profit of 27.6 billion KRW for the second quarter. While total revenue saw a 5.2% decline compared to the previous year, the operating profit surged by 40.2%. The operating expenses for the second quarter were 24.8 billion KRW, a notable 33.2% decrease from the same period last year.

Looking at the first half of the year, cumulative revenue and operating profit have climbed by 5.1% and 31.5% respectively. The company credits this momentum to the performance of the open-world MMORPG Ragnarok: The New World, which launched in Taiwan, Hong Kong, and Macau this past January.

In the online sector, Q2 saw growth for Ragnarok Online in Thailand, Taiwan, Hong Kong, and Macau, though this was partially offset by a revenue drop in the Latin American market for Ragnarok Online América Latina. On the mobile front, while titles like Ragnarok M: Classic underperformed, the new revenue streams from Ragnarok: The New World and Ragnarok Origin Classic helped compensate for the decline.

Gravity is continuing to roll out new titles across various regions in the second half of the year. In July, Ragnarok: Rebirth was launched in Vietnam and Brazil, and Ragnarok: Rebirth Global was released in North, Central, and South America. Furthermore, the company launched Ragnarok: The New World in Southeast Asia, Ragnarok M: Classic in Korea, and Ragnarok Origin Classic in North, Central, and South America.

Looking ahead, the PC MMORPG Ragnarok Zero: Global is set for release across Southeast Asia, Europe, Oceania, and the Americas. Domestically, the company plans to introduce Ragnarok Online Plus, while Ragnarok: Midgard Senki is destined for Taiwan, Hong Kong, and Macau. The numbered sequel, Ragnarok 3, is slated to debut in China and global markets in 2027.

The long-term lineup includes Ragnarok Abyss, hitting China in the first half of 2027, followed by releases in Taiwan, Hong Kong, Macau, and Southeast Asia later that year. September will see the arrival of Hashire Hebereke EX and Galvatein: Adventurers' Guild. The final quarter promises the Jaleco Arcade Collection and LIGHT ODYSSEY, with FINAL KNIGHT currently being prepared for a 2027 release.

Having established a joint venture in Indonesia this year, Gravity plans to replicate this model in Thailand and beyond. The Indonesian branch will focus on outsourcing, while the Thai operations are set to launch a platform for UGC creation and distribution based on the Ragnarok IP. The goal is to move beyond being a mere IP holder and instead cultivate a 'Ragnarok Ecosystem' that ties games and content together.

Gravity commented, "Our performance this year shows meaningful progress in profitability, with operating profits rising significantly compared to both the same period last year and the first half of the previous year. This confirms that our attempts to explore new genres using the Ragnarok IP are paying off." The company added, "With a diverse lineup of cross-platform titles scheduled for the second half, we expect to maintain this momentum. We are fully committed to continuing this upward trend by expanding our business reach through new joint ventures."