Gravity Co jumps on upbeat earnings, retail interest

GRAVITY Co

13/05/2022 18:54

** Nasdaq-listed shares of video game maker   GRVY.O  up
~13.5% at $52.80 in afternoon trade 
    ** South Korea-based firm posts Q1 online game revenue of
$17.7 mln, up 10.2% from a year ago  urn:newsml:reuters.com:*:nGNX4YJsHX
    ** GRVY's message volumes surge 500% on retail
investor-focused forum Stocktwits 
    ** Operating profit in Q1 rose 138.2% to $18.42 mln over the
prior quarter 
    ** Co said it benefited from its game Ragnarok Online doing
well in Taiwan, the Philippines, Singapore and Malaysia
    ** Including session gains, shares down ~22.5% YTD 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))