PThe roofability of the company K-Pop Jyp Entertainment fell in the first quarter due to the lack of major visits and a calendar of album release which favored young artists in development. While revenues reached 140.8 billion KRW ($ 97 million), up 3% compared to the period of the previous year, operating profit dropped by 42%.
The operating margin – operating profit as a percentage of income – increased to 14% against 25% due to the increase in content production costs and artist costs. Content production jumped 53.8% while Jyp Entertainment published artist albums at the start of the stage and has experienced higher concert production costs in South Korea. Wandering children“The renewal of contracts was part of an increase of 16.4% of artists’ fees.
Net profit has more than doubled at 69.3 billion krw ($ 48 million), however, thanks to 77.4 billion krw ($ 53 million) of unpertified gains.
Physical outings of young artists such as NmixxKickflip and others have generated 29.7 billion krw ($ 20 million), down 3.8% from one year to the next. Streaming income dropped by 5.5% to 15.0 billion KRW ($ 10 million). Concert income flowed from 26.3% to 21.7 billion KRW ($ 15 million) due to a shortage of large -scale visits.
However, there has been a lot of growth elsewhere to compensate for lower music and concert income. The revenues of goods, up 37.1% to 32.7 billion KRW (23 million dollars), benefited from expansion in Japan and a domestic fan meeting for children. Advertising increased by 15% to 9 billion KRW ($ 6.2 million) and appearances jumped 86% to 8.7 billion KRW ($ 6 million). YouTube income jumped from 10% to 5.3 billion KRW ($ 4 million).
The release calendar of Jyp Entertainment’s album seems naked in the second quarter. A mini-album by Itzy is the only version planned for an established artist. The schedules of the third and fourth quarter were not announced, but given the company’s plan to release more than 20 physical albums in 2025, the second half should see more than a dozen outings.
The current tourism calendar for 2025 includes 32 wandering children’s concerts in 12 countries and representations in Japan by Nexz and Niziu. Xdinary Heroes will perform 18 concerts in 7 countries in the second and third quarters. TWICE will be a headliner in Lollapaloza in Chicago on August 2.