{"id":675206,"date":"2026-11-05T00:50:09","date_gmt":"2026-11-05T00:50:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/675206\/"},"modified":"2026-11-05T00:50:09","modified_gmt":"2026-11-05T00:50:09","slug":"k-pop-label-sm-entertainment-sees-revenue-decline-on-lower-music-sales","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/675206\/","title":{"rendered":"K-Pop Label SM Entertainment Sees Revenue Decline on Lower Music Sales"},"content":{"rendered":"

\n\tSM Entertainment\u2019s stock sank more than 7% on Wednesday (Nov. 4) after the label home of K-pop stars aespa<\/a> and NCT<\/a> reported an unprofitable quarter. The company said lower physical and digital music sales and concert revenue resulted in a 9% decline in overall revenue.<\/p>\n

\n\tSME said it generated 291.1 billion Korean won ($205.2 million) in revenue and operating profit of 35.5 billion Korean won ($25 million), which is down 26% from the year-ago quarter. The company operated at a net loss of 1.1 billion Korean won ($775,000) for the quarter, down from a 44.7 billion Korean won ($31.5 million) profit a year ago, \u201cprimarily due to foreign exchange-related losses resulting from the appreciation of the Korean won,\u201d Jeongmin Jang, CIO of SM Entertainment, said on a conference call discussing the quarter.<\/p>\n

\t\t\t\t\tRelated\t\t<\/p>\n

\t\t\t<\/p>\n

\t\t\t\t\t\t\"NCT<\/p>\n

\t\t\t<\/a><\/p>\n

\n\t\u201cNew album sales volume decreased by approximately 70% year over year as our major artists focused on expanding their overseas activities,\u201d Jang said. <\/p>\n

\n\tSales of physical and digital music fell by 51% to 47.1 billion KRW ($33.21 million). SM said it sold 1.67 million copies of artists\u2019 releases in the quarter, driven primarily by sales of NCT 127<\/a>\u2019s album BLINGY.<\/p>\n

\n\tThere were bright spots in SM\u2019s earnings. The company\u2019s share of major artists\u2019 album releases and
global concert activities, as well as the impact of IP licensing collaborations \u2014\u00a0what the company refers to as MD\/licensing revenue \u2014 increased 23.5% year over year to 62.1 billion Korean won ($43.78 million).<\/p>\n

\n\tAdditionally, revenue earned from artists\u2019 appearances, driven by artists\u2019 participation in
international award ceremonies, music festivals, apparel and cosmetics advertising, and other areas increased by 21.3% to 29.2 billion Korean won ($20.6 million).<\/p>\n

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