Dreamus Company, which closed iRiver business, posted an operating loss of 3.2 billion KRW last year

Pursuing Management Efficiency... Net Loss of 17.8 Billion KRW
Kim Dong-hoon: "Growth in Platform and IP Businesses"

Dreamus Company, an affiliate of SK Square, announced on the 13th that it recorded consolidated sales of 225.1 billion KRW, an operating loss of 3.2 billion KRW, and a net loss of 17.8 billion KRW for the previous year.

Although sales slightly declined compared to the previous year, operating profit improved. The reclassification of discontinued operations related to the decision to transfer the iRiver business segment had an overall impact, and the continuous management efficiency efforts of Dreamus Company were also reflected. [Related article=Dreamus Company sells iRiver for 5 billion KRW... focusing on the 'FLO' music business]

Last year, Dreamus Company focused on strengthening its business centered on intellectual property (IP) to create a stable sales and profit structure. It enhanced investments and cooperation with mid-sized entertainment companies to build an IP value chain encompassing music distribution, performances, and MD business.

Additionally, it dedicated efforts to differentiating customer-centric platform services, and in December, it carried out the sale of the iRiver business segment to restructure its business focusing on music and entertainment and to solidify management fundamentals.

Kim Dong-hoon, CEO of Dreamus Company, stated, "By 2025, we will concentrate corporate capabilities and investments on music and entertainment, and foster solid growth in platform and IP businesses." He added, "We will grow together with artists, fandoms, and partners, and strive to become an enter-tech company providing AI technology-based total business solutions."