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SM Entertainment Q2 Revenue Up 15.4% YoY on Concerts and Merch

SM Entertainment logoSM Entertainment
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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%.

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