SM Entertainment Q2 Revenue Up 15.4% YoY on Concerts and Merch
SM Entertainment reported a 15.4% YoY rise in Q2 revenue to KRW 349.6 billion ($233 million), supported by concerts and merchandising/licensing and growth across subsidiaries. Operating profit increased 11.0% YoY to KRW 52.9 billion, aided by lower operating costs. Net income fell 5.6% YoY to KRW 29.2 billion as income tax expense jumped 52.8%.