SM Entertainment's Main Revenue Driver: Music Album Sales from its Artists

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Erlina Fury Santika 01/03/2023 14:29 WIB

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SM Entertainment's revenue is supported by a diverse range of products, with the largest portion coming from album sales or digital releases.

SM Entertainment Revenue Components (Q3 2022)

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SM Entertainment's Main Revenue Driver: Music Album Sales from its Artists

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~~Rp100.000~~

Rp50.000/month

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~~Rp100.000~~

Rp150.000/month

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SM Entertainment Revenue Components (Q3 2022)

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K-Pop agency SM Entertainment recorded revenue of 135.1 billion won (KRW) or approximately Rp1.56 trillion in the third quarter (Q3) of 2022.

This revenue increased by 46.6% from Q3 2021, which amounted to KRW 92.2 billion.

The revenue was supported by several products and events across its business lines. The highest was the income from artist albums or digital music, reaching KRW 72 billion.

Album revenue increased by 14.5% year-on-year (YoY) from the same period the previous year, reaching KRW 62.9 billion.

Second, the music record label contributed KRW 26.4 billion. Third, talent appearances on television, in advertisements, or at events, amounted to KRW 24.3 billion.

Concerts ranked fourth with a value of KRW 10.9 billion. Other income reached KRW 1.5 billion.

In Q3, operating profit reached KRW 27.1 billion, while net profit reached KRW 22.1 billion.

Established in 1995 in South Korea, the agency has business units in music production and record labels; film and television production (such as dramas and variety shows), musicals; concerts; and management of music groups, singers, actors, and athletes.

These business units are still being expanded into other sectors. They even have representative offices in several countries, including Indonesia.

Artists affiliated with SM Entertainment include Super Junior, Girls' Generation, BoA, SHINee, EXO, Red Velvet, Kim Dong Wook, Yoona, Hwang Shin Hye, athlete Kim Sun Woo, Lee Ho Joon, and many more.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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SM Entertainment's Main Revenue Driver: Music Album Sales from its Artists

SM Entertainment's Main Revenue Driver: Music Album Sales from its Artists

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SM Entertainment's Main Revenue Driver: Music Album Sales from its Artists

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