SM Entertainment's Volatile K-Pop Agency Earnings in 2022

South Korean entertainment agency SM Entertainment experienced fluctuations in revenue and net profit throughout the first three quarters of 2022 (January-September 2022).

In terms of revenue, SM Entertainment recorded KRW 114.9 billion, equivalent to Rp 1.3 trillion (1 KRW = Rp 11.56 as of February 28, 2023) in Q1 2022.

Revenue decreased to KRW 111.1 billion in Q2 but increased to KRW 135.1 billion in Q3.

Similarly, operating profit also experienced contraction.

It was recorded at KRW 24.7 billion in Q1, decreased to KRW 23.8 billion in Q2, and then increased to KRW 27.1 billion in Q3.

Net profit was recorded at KRW 20.8 billion in Q1 2022, decreased to KRW 17.9 billion, but SM Entertainment increased its net profit again to KRW 22.1 billion in Q3.

Founded in 1995, the agency has business units in music production and record labels; film and television production for dramas, variety shows, and musicals; concerts; and management of vocal 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.

Some of the names associated 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.

Here's a summary of SM Entertainment's revenue, operating profit, and net profit in Q1-Q3 2022:

* Q1 2022 (January-March 2022)
* Revenue: 114.9 billion won (KRW)
* Operating profit: 24.7 billion
* Net profit: 20.8 billion

* Q2 2022 (April-June 2022)
* Revenue: 111.1 billion
* Operating profit: 23.8 billion
* Net profit: 17.9 billion

* Q3 2022 (July-September 2022)
* Revenue: 135.1 billion
* Operating profit: 27.1 billion
* Net profit: 22.1 billion