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JYP Entertainment Posts 15.1% Revenue Drop Blamed on Tour Timing

JYP Entertainment logoJYP Entertainment
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JYP Entertainment reported a 15.1% year-on-year revenue decline to ₩183.1 billion in Q2 and operating profit of ₩31 billion, down 41.4%. The company blamed a high base from Stray Kids’ DominATE world tour and lower appearances revenue, with concert revenue down 35.7% across its roster. Chaeyoung of TWICE also announced her departure in a statement.

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