SM Entertainment (hereinafter SM, CEO: Jang Cheol-hyuk and Tak Young-jun) announced on the 10th that it recorded consolidated management results of ▲ revenue of 273.8 billion won and ▲ operating profit of 33.9 billion won for Q4 2024. Compared to the same period last year, revenue increased by 9% and operating profit increased by 275.6%, while the net loss for the period decreased to 24.1 billion won, less than half of the previous year.
On a separate basis, Q4 revenue was 181.8 billion won, and operating profit was 35.8 billion won, representing increases of 11% and 83.2% year-on-year, respectively. The net profit for the period was 8.3 billion won, marking a return to profitability.
The main factors driving SM's consolidated revenue growth in Q4 were the increase in MD/licensing revenue and concert revenue. Additionally, the increase in artist activities in Japan and the expansion of drama production contributed to revenue growth for major subsidiaries.
The consolidated operating profit significantly increased due to the rise in sales from the headquarters and subsidiaries, changes in the sales mix, and the recognition of performance bonuses.
Celebrating its 30th anniversary this year, SM has begun to communicate with fans worldwide through various legendary content, starting with the new slogan 'THE CULTURE, THE FUTURE' and the release of a brand film, the successful SMTOWN LIVE Seoul concert held in January, the SMTOWN album to be released on February 14, the K-pop orchestra concert 'SM Classics Live 2025 with the Seoul Philharmonic Orchestra' to be held on February 14 and 15, and the SMTOWN LIVE global tour scheduled for the second quarter.
In particular, on February 24, SM will debut the new girl group Hearts to Hearts with their first single 'The Chase', marking the first new group introduced since Aespa about five years ago. In March, solo mini-albums from Red Velvet's Seulgi and NCT's Ten, as well as a single from Naivis, will be released.
In the second quarter, Aespa's new mini-album and Rise's full album will be released, along with solo albums from NCT's Doyoung and Mark, and mini-albums from EXO's Kai, Red Velvet-Irene & Seulgi, WayV, and NCT WISH, showcasing active activities from various artists.
Additionally, Aespa has been continuing their world tour in North America and Europe, setting records for sold-out shows in Seattle and LA, while NCT 127's world tour recently achieved a sold-out performance at Gocheok Sky Dome and confirmed a show at Tokyo Dome. Various concerts, including TVXQ's nationwide tour in Japan and Super Junior's Yesung and SHINee's Minho's Asia tour, are also being successfully held, with Taeyeon and NCT WISH's Asia tour planned as well.
Furthermore, during the SMTOWN LIVE held at Gocheok Sky Dome in January, SM unveiled SMTR25, a group of 25 male trainees, through a tribute performance for the 30th anniversary, generating a strong response. The pre-promotion of trainees on social media and participation in the SMTOWN LIVE global tour are expected to maximize anticipation for the new IP.
Co-CEO Jang Cheol-hyuk stated, "On the occasion of our 30th anniversary, we announced the new slogan 'THE CULTURE, THE FUTURE'. Based on the cultural heritage we have built over the years, SM will continue to be a company that is faithful to the basics and strives steadily." He added, "We will pursue continuous innovation and expansion of artist IP, in addition to our solid artist lineup and rich content."
[Ji Seung-hoon, Star Today Reporter]
