SM Entertainment Posts Mixed Q2 2024 Earnings As Album Sales Thrive and Subsidiary Revenue Struggles

Another K-pop earnings report, another mixed bag: SM Entertainment achieved modest revenue growth during Q2 2024 but experienced a material decline in net income amid sizable sales falloffs from multiple subsidiaries. The publicly traded (KOSDAQ: 041510) K-pop business, which serves as the professional home of Aespa, Riize, Red Velvet, and more, generated $184.76 million (₩253.9 […]

Written by Digital Music News