SM Entertainment Achieves Record-Breaking Q3 Performance with KRW 50.5 billion Operating Profit, Marking a Phenomenal 70% YoY Surge
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Thursday, November 9, 2023
Music, Events, Concerts, Other Entertainment, Entertainment, Celebrity, DREAM, KMR, KOSDAQ, SM C&C, SMC, Yoy, SM Entertainment, KRW, TVXQ, NCT, Red velvet, EXO, SM, Aespa, Pharmaceutical industry, Q3
On Nov 8, SM Entertainment Co., Ltd. (SM) revealed consolidated operating profit of KRW 50.5 billion for Q3, a staggering 70% YoY increase.
Key Points:
- On Nov 8, SM Entertainment Co., Ltd. (SM) revealed consolidated operating profit of KRW 50.5 billion for Q3, a staggering 70% YoY increase.
- This achievement is accompanied by a revenue surge of KRW 266.3 billion, a 12% YoY increase.
- On a standalone basis, SM reported KRW 48 billion in operating profit, a 77% YoY surge.
- SM's subsidiaries also showcased impressive results, with DREAM MAKER posting an operating profit of KRW 3.9 billion, reflecting 38.4% YoY increase.