[Click e-Stock] "SM, Second-Quarter Results Estimated Strong"

On July 8, Hanwha Investment & Securities analyzed that SM Entertainment's second-quarter results this year likely met market expectations.

Park Sooyoung, a researcher at Hanwha Investment & Securities, stated, "We estimate that SM Entertainment achieved sales of 303.3 billion KRW and operating profit of 39.5 billion KRW in the second quarter of this year," adding, "The operating profit appears to have met market expectations."

She continued, "Album sales from affiliated artists such as NCT Wish, RIIZE, aespa, Mark, and Doyoung, as well as two NCT 127 Tokyo Dome concerts, three TVXQ Tokyo Dome concerts, and ten NCT Wish Asia tour concerts, are reflected in the second-quarter sales figures." She added, "Sales from MD (merchandise) carried over from the first quarter, as well as MD sales from pop-up stores commemorating the comebacks of NCT Wish and RIIZE, are also included."

She commented, "This year marks the final year of 'SM 3.0,'" and expressed optimism, saying, "The company is achieving rapid performance improvement through an increased number of album and digital music releases from major IPs, the expansion of concert scale, the disposal of non-core subsidiaries, and the streamlining of major subsidiaries." She also emphasized, "We expect strong results in the second half of the year as well, thanks to a robust IP lineup and a well-established system."