[Official] SM Records 2.406 trillion won in Q2 revenue... "9.2% increase year-on-year"

*This content was translated by AI.

SM Entertainment (CEO Jang Cheol-hyeok and CEO Tak Young-jun, hereinafter SM) reported growth in its revenue.

On the 5th, SM announced through its financial results that consolidated revenue for the second quarter of 2026 reached 349.6 billion won, with an operating profit of 52.9 billion won. This represents increases of 15.4% and 11.0%, respectively, compared to the same period last year.

Separate revenue for the second quarter rose 9.2% year-on-year to 240.6 billion won, showing balanced growth across segments: performance revenue increased by 27.9%, concert revenue by 23.6%, and MD/licensing revenue by 22.0%. Operating profit and net income decreased by 4.6% and 18.1%, respectively, year-on-year, to 43.8 billion won and 24.1 billion won.

These results reflect growth in concert revenue driven by expanded performances of legacy IPs and overall improvement in management performance due to increased revenues from major subsidiaries. The revenue structure continues to diversify, supported by extended concert tours by senior artists and increased IP-based revenue from advertising and event activities by affiliated artists.

In particular, global tours by various artists including TVXQ (TVXQ!), Super Junior (SUPER JUNIOR), EXO (EXO), aespa (aespa), and NCT WISH (NCT 위시) contributed significantly to concert revenue growth in the second quarter. In addition to large-scale concert merchandise sales, SM held pop-up events tied to the 10th anniversary of NCT and new album releases by aespa, RIIZE, and NCT WISH, expanding engagement with fans.

Major subsidiaries also delivered strong performance in their respective business areas, contributing to overall growth. DreamMaker achieved significant profit growth through an increased number of domestic production events and expanded collaboration with the headquarters. DearU continued its upward trend thanks to improved profitability from subscription fee hikes and a shift to web-based payment systems.

SM plans to continue active activities in the global music market throughout the second half of the year, leveraging a diverse lineup of artists.

In the third quarter, Red Velvet (Red Velvet) will release a mini-album (August 3), NCT 127 (NCT 127) will release a full album, and Minho and WayV (WayV) will each release a mini-album. Girls' Generation-HRS (Girls' Generation-HRS) will also release a single. In the fourth quarter, full albums by Yesung, Taeyeon, Jaehyun, and NCT DREAM (NCT 드림), mini-albums by Choi Kang-min, Xiao Jun, and NCT WISH, and a single by Hearts2Hearts are scheduled for release.

Concert activities will also continue actively, centered on global stages. Starting with aespa's new global tour from the 7th–8 at Seoul Gocheok Dome and extending to North America and Europe, concerts by Yoochun, Super Junior-83z (SUPER JUNIOR-83z), Yesung, Ryeowook, NCT 127, WayV, and fan meeting tours by NCT WISH are planned.

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*This content was translated by AI.