AMPERS&ONE, AxMxP, FLARE U.. FNC Turns Operating Profit Positive in First Quarter of This Year

*This content was translated by AI.

FNC Entertainment (FNC) announced on the 15th that it recorded an operating profit in the first quarter of this year, continuing a trend of four consecutive quarters of profitability starting from the second quarter of 2025. In the first quarter of 2026, consolidated revenue reached 27.2 billion won, and operating profit was 800 million won, representing a 140% year-on-year increase in revenue and a turnaround to operating profit.

Unlike previous years, the results of this first quarter showed notable growth in the music business segment as the activity schedules of major artists were concentrated in the first quarter and global tours expanded. P1Harmony had its album release schedule, which was reflected in the second quarter of last year, moved up to the first quarter of this year, positively impacting performance improvement. With the effects of the world tour continuing since last year, the group led overall revenue growth in the performance and album sectors through European tours in the first quarter of this year and Seoul and Japan encore concerts. CNBLUE also contributed to growth in domestic and international performance and album businesses by moving its album release timing and world tour schedule to the first quarter. Additionally, Choi Rip-woo, who debuted in December last year, bolstered performance growth through fan meetings and merchandise (MD) sales.

FNC explained that while the growth trend in the music business continues due to expanded activities of major artists, it expects the contribution to performance from the growth of rookie artists to gradually expand as well. AMPERS&ONE is seeing continued revenue growth driven by increased album sales and expanded performance activities, and AxMxP is expected to continue improving profitability as cost burdens gradually ease through investment efficiency and revenue expansion.

Notably, Choi Rip-woo debuted as a rookie boy group FLARE U alongside Kang Woo-jin, whom he met through the Mnet audition program "Boys 2 Planet" on the 13th, and released their mini 1st album "YOUTH ERROR." Despite being a rookie group, the album recorded sales of over 96,000 copies on its first day of release and is expected to achieve strong initial sales performance by topping the Hanteo Chart daily rankings. The group is expected to continue its rapid growth trajectory based on expanded album and performance activities in the future.

Kim Yu-sik, CEO of FNC, stated, "Thanks to the expansion of global tours and album sales by major artists, the performance of the music business segment has grown significantly, achieving both external growth and profit improvement." He added, "Going forward, we plan to continue a stable growth trend based on the expanded activities of major artists and the growth of global fandoms."

He further added, "Rookie artists are also showing a gradual growth trend alongside expanded album and performance activities, so we expect their contribution to performance to continue expanding in the future."

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*This content was translated by AI.