Gravity is a South Korean game developer best known for the Ragnarok Online 2002 MMORPG. After a blockbuster IPO in 2005, Gravity’s early growth stalled in the 2010s as PC gaming matured. The company’s fortune turned around post-2015 when it partnered with Shanghai developer Dream Square to bring the Ragnarok IP to mobile platforms. This mobile shift was transformative: mobile games now contribute 75% to 85% Gravity’s revenue any given quarter.

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