2 weeks ago
7
SM Entertainment has recently captured the attention of K-pop fans by announcing its plans for the first quarter of 2025 alongside its third-quarter results. The company recorded sales of 242.2 billion won, operating profit of 13.3 billion won, and net profit of 3.7 billion won, showing decreases of 9.0%, 73.6%, and 95.6% respectively compared to the same period last year. These declines were influenced by low album sales from its affiliated artists and a drop in revenue from its major subsidiaries. Notably, the production costs for the broadcast program of SM’s first UK boy group, Dear Alice, also contributed to the decrease in operating profit.
SM has also revealed its plans for the fourth quarter and the first quarter of next year. The most noteworthy is the debut of a new girl group. It will be the first new girl group introduced since aespa, about five years ago, and they are set to officially start promotions with the release of a single. In addition, the release of SHINee Minho’s first full album ‘CALL BACK’ and NCT DREAM’s fourth full album ‘DREAMSCAPE’ are scheduled, raising fans’ expectations.
In January next year, marking its 30th anniversary, SM is preparing various commemorative projects including the SMTOWN LIVE concert featuring performances by SM artists and the release of an SM Town album. Furthermore, the announcement of NCT Mark’s first solo full album, EXO Kai’s mini album, and albums by Red Velvet SeulGi and NCT members is adding to the excitement among fans.
Co-CEO Jang CheolHyuk expressed his anticipation by stating, “We will provide a special experience to K-pop fans through the debut of a new girl group and the 30th-anniversary commemorative projects next year.” SM’s diverse plans are expected to continue to evoke high expectations among fans.
This article has been written by Kpopmap AI writer and while we have made efforts to ensure the accuracy of the article, there may be errors or inaccuracies.
English (US) · 