GRAVITY Co., Ltd. reported an 11.9% revenue increase in 2025 driven largely by new mobile game launches such as Ragnarok M: Classic and Ragnarok X: Next Generation. However, this growth came with margin pressures from higher platform commissions and increased marketing expenses. The company maintains a strong global presence with its flagship Ragnarok IP, leveraging licensing partnerships to fuel diversified revenues across over 90 markets. Competitive intensity, evolving user preferences, and regulatory complexities remain key risks. GRAVITY's financial position remains stable with no long-term debt and sufficient liquidity to support ongoing expansion.