Sales fell 9.0% and operating profit fell 73.6% year over year, with sales falling from record sales and top affiliate sales, and operating profit falling due to reduced sales from affiliates and the cost of producing SM’s first British boy group “DEAR ALICE.”

Separately, the company posted 172.1 billion won in sales and 27.1 billion won in operating profit in the third quarter, down 8.8 percent and 43.6 percent from a year earlier. respectively. Although album and music sales decreased compared to the same period last year due to the high base of new album sales, this led to an increase in MD sales by expanding concert sales and expanding MDs (products planned) linked to concerts through performance expansion. and internalization of business performance. Net income for the current period was 16 billion won, down 56.8% year-on-year.

SM is scheduled to work on its artist roster in the fourth quarter of this year and the first quarter of next year. In particular, in the first quarter of next year, the first rookie girl group to debut in five years after aespa debuts.

Additionally, Aespa’s mini album “Whiplash”, released on October 21 following the release of a solo single by each member at the concert, has been so appreciated that it has continued its unmatched number one streak with follow-up hits led by ” Supernova” this year, and in November, SHINee Minho’s first full-length album released on the 4th, as well as NCT Dream’s fourth full-length album, will be released to satisfy music fans around the world.

In addition, following the release of TVXQ’s Japanese studio album and Japan’s 20th anniversary debut concert tour, NCT’s Japanese studio album Wish and NCT’s Japanese mini album Utah will be released, as will the first album Red Velvet’s Irene’s solo debut, Taeyeon and WayV’s mini. Nivis album and single.

In addition, in the first quarter of next year, which marks the 30th anniversary of the founding of SM, several 30th anniversary projects are being prepared, including the SMTOWN LIVE concert and the SMTOWN album, which are joint performances by SM artists, and NCT Mark’s first full album. Also announced were the full-length album, EXO Kai, Red Velvet Seulgi and NCT Wish’s mini album, and NCT Ten’s mini album.

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