juhli (juhli) wrote in omonatheydidnt,

BIG 3 (SME, YGE, JYPE) 3rd quarter 2018 earnings

SME: 168.7 billion won (149.5 million dollar)
YGE: 65.2 billion won
JYPE: 34.8 billion won

Operating profit
SME: 12.1 billion won
YGE: 2.6 billion won (2.3 million dollar)
JYPE: 8.5 billion won

Net income
SME: 6.4 billion won
YGE: 2.0 billion won
JYPE: 6.5 billion won

- third-quarter earnings were better than expected
- Compared to last year revenue surged 94.6 percent and operating profit by 162.9 percent
- Increasing profits from global music sources as well as commercials boosted the revenue
- Operating profit in the fourth quarter will soar 400 percent on-year to record 18.7 billion won, as all its artists are actively engaged
- Album sales, including those of EXO and NCT127, will rise to 1.9 million while audience for Japan tours will reach 730,000. TVXQ! in particular will draw 1.28 million fans to its concerts by the year-end

- operating profit in the third quarter leaped 77.8 percent compared to last year
- revenue fell 13.3 percent and net profit 78.8 percent compared to the same period last year

- growth of JYP Entertainment’s revenue from overseas is gaining speed
- operating profit in the third quarter soared 664 percent on-year
- Increase in contents production cost has been the biggest concern but was offset by rise in revenue
- Sales in South America and the US where K-pop is not particularly popular is sharply increasing
- The global fan base of its artists is also steadily expanding and demand for overseas tours, especially of GOT7 and DAY6, is likely to grow
- In the fourth quarter, Twice’s arena tour and DAY6’s debut concert in Japan will be reflected in its earnings
- Next year the firm will introduce a girl group and a Chinese boy band as well
- On the back of stronger name recognition, its artists are making profits faster and new groups will further boost its overseas revenue
- Even if all of its six new groups, set to debut in the coming three years, fail to gain popularity, the firm’s operating profit in 2020 is very likely to top 60 billion won
- Bonus fact: Park Jin-young is expected to gain more than 18 billion won (US$15.88 million) by exercising his preemptive rights to buy extra shares. (read more about it here)

source:theinvestor 1 2 3 4 5, marketscreener 1 2 3

For the people interested in numbers. I couldn't find JYP's net profit numbers, so I wrote up the net income numbers.
Tags: day6, dong bang shin ki, economics, exo, got7, jyp, jyp entertainment, nct, sm entertainment, twice, yg entertainment
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