Among the big four entertainment companies, JYP Entertainment generated the highest operating profit in the first quarter.
According to the Financial Supervisory Service’s electronic disclosure on the 10th, JYP Entertainment reported consolidated revenue of 136.5 billion won and operating profit of 33.6 billion won in the first quarter.
Compared to the same period last year, sales increased 15.7% and operating profit decreased 20.0%.
SM ranked second in terms of operating profit, posting an operating profit of 15.5 billion won in the first quarter.
SM’s sales increased 7.9% compared to the same period last year, and operating profit decreased 15.3%.
Among the four entertainment companies, JYP posted the highest operating profit in the first quarter. Daishin Securities predicted that each company’s earnings accumulation will begin in earnest after the second quarter. (Data = IT System of the Financial Supervision Service)
Hive recorded the highest first-quarter sales of KRW 360.9 billion, but its operating profit was KRW 14.4 billion, a decline of 72.6% compared to the same period last year.
YG Entertainment was the only one of the four companies to post a loss, posting an operating loss of 7 billion won.
YG Entertainment reported an operating profit of 36.5 billion won in the first quarter of last year.
Comparing the four companies’ operating profits and losses to last year’s fourth quarter, all three companies except SM (+84.4%) decreased their profits or turned to losses.
In this regard, Lim Soo-jin, a researcher at Daishin Securities, predicted on the 8th that about 61% of the entire artist lineup based on the four entertainment companies will return to prominence in the second quarter, and the performance will also be better . concentrated in the second quarter.
It is expected that the album release schedule will be concentrated between September and November, avoiding the Olympics, and that performances will begin in earnest in the second half of the year.
#JYP #operating #profit #KRW #billionhighest #among #Big
