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SM Entertainment Reports Revenue Decline on Weaker Sales

Original: SM Entertainment Reports Revenue Decline On Lower Music Sales, Concert Revenue

SM Entertainment, one of South Korea's major music labels, reported a decline in revenue, driven by lower music sales and reduced concert revenue. The company, home to artists such as aespa and NCT, attributed the downturn to weaker earnings across its core music and live performance businesses, a notable shift for the K-pop powerhouse.

Why now: Investors and K-pop fans are watching the financial health of one of the industry's biggest labels.

SM EntertainmentBillboardSouth Korea

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Evidence

• SM Entertainment Reports Revenue Decline On Lower Music Sales, Concert Revenue · Billboard

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