NCT 127, Aespa & Touring Comeback Boosted SM Entertainment’s Revenues 65% Last Quarter

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Recorded music revenues grew 46.6% to 135.1 billion won from July through September.

, had revenue of 238.1 billion KRW from July 1 to Sept. 30 — up 65.4% year-over-year and a 29.1% improvement from the previous quarter, the company announced Monday .

Operating margin — operating profit as a percentage of revenue — improved to 12.5% in the third quarter of 2022, up from 6.9% in the prior-year period. Net income was 29.2 billion KRW , up 129.5% year-over-year and 15% higher than the second quarter. The company’s multi-pronged business, which generates revenue across all facets of its artists’ careers, improved across the board: Recorded music revenues grew 46.6% to 135.1 billion won . SM Entertainment’s album sales improved from 3.

 

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Thanks for leaving SNSD AESPA SUJU AND NCT DREAM OUT TF

Aespa barely promoted and got very few contents, yet they provide great numbers for sm. SM needs to utilize them more!!

Do u even respect them Treat them properly.....

NCTsmtown_127 we are so proud of you you deserve better

Give NCTsmtown_127 better treatment. At least make them outdoor n good MV not in the box

NCTsmtown_127 did that with the messiest comeback :') but proud 🥰

I WANT TO READ

When did you become a pay to view account 😒

mind u they both got 1 very properly promoted and messy comeback that lasted 2 weeks

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