SM Entertainment recently revealed its financial results for the second quarter of 2022.
This August 17, this one was revealed, like that of JYP Entertainment, and so we find out what the second quarter of the agency has given.
It is the media SBS Biz which reveals to us today the figures in question concerning SM Entertainment.
During the second quarter of 2022, sales recorded by the agency amounted to 184.4 billion won (approximately 138 million euros).
This is a slight decrease of 1.0% compared to the same period last year.
The profits made by SM Entertainment during the second quarter of 2022 amounted to 19.4 billion won (about 14 million euros).
This is a significant drop of 30% compared to the second quarter of 2021.
As for net profits, they amount to 25.4 billion won (about 19 million euros).
This is also a significant drop, a drop of 68% compared to the same period the previous year.
Source: sbsbiz
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