K-Pop Company SM Entertainment used a healthy concert company to compensate for a new slow exit calendar in the publication of income of 273.8 billion won ($ 189 million) in the fourth quarter of 2024, up 9% From one year to the next, according to the latest results from the report. Operating profit almost tripled to 33.9 billion won ($ 23 million) and net loss was only divided by two to 24.1 billion won ($ 17 million).
The recorded musical income dropped from 5.1% to 86.0 billion won ($ 59 million) due to a decrease in sales of new albums, which takes place at 3.78 million units against 5, 51 million units during the period of the previous year. Dream nct sold 1.56 million units while Aespa had 1.1 million album sales during the quarter. Elsewhere, Wayv Sold 400,000 units and Irene sold 360,000 units.
Concert income increased by 11.9% to 22.5 billion won ($ 15.5 million) thanks to a wide -wide tour calendar during the quarter. Exo‘s Chanyeol Made 14 solo shows through Southeast Asia, Japan and China. NCT WISH carried out 12 in Asia. NCT Dream, which started its world tour in the second quarter, has played nine concerts in the fourth quarter. The higher number of concerts, as well as an increase in special events such as pop-up stores, helped income and license income from 33.7% to 51.2 billion wons (35.3 million dollars).
In the first quarter, musical outings include Smtown’s 30th anniversary album, Smtown, culture, the futureFriday February 14). Red velvetThe ten of onlyi and Wayv are also due to the exit of EPS, and a new group of girls, Hearts2hearts, will make its debut on February 24 with the single “The Chase”.
This year, SM Entertainment celebrates its 30th anniversary with a new slogan (“The Culture, The Future”), new films, new broadcasting programs and concerts by Smtown Live 2025 World Tour worldwide. “” Culture “represents the heritage and the cultural heritage that SM has built in the past three decades,” said CEO Jang Cheol-Hyuk Said when the gains call. “` The Future ” embodies our ambition to stimulate innovation in the world music industry and to direct the next era of K-POP. At SM, music is at the heart of everything we do. Thanks to our music and our cultural influence, we strive to remain a significant part of the daily life of people. This slogan underlines our commitment to Pioneer of the future of K-Pop while honoring the bases we have built. »»
In addition to announcing the results of the fourth quarter, SM Entertainment revealed that its board of directors approved the retirement of the remaining treasure shares, which are the actions that the company has bought shareholders and holds its books. The remaining treasure shares are 2% of the shares in circulation and are valued at 40.3 billion won ($ 27.8 million). Last February and August, the company withdrew more than 35 billion wons ($ 24.1 million) from treasury shares.
SM Entertainment shares increased by 2.9% to 95,000 won ($ 65.42) Tuesday, February 11 after the publication of the results and the announcement of Action retirement. The year up to date, the SM entertainment stock increased by 25.7%.