From Billboard · Elizabeth Dilts Marshall · · 40s
SM Entertainment Reports Revenue Decline
SM Entertainment's revenue dropped 9% as music sales and concerts falter.
In brief
SM Entertainment's revenue dropped 9% as music sales and concerts falter. SM Entertainment reported a 9% revenue decline due to lower music sales and concert revenue. Originally reported by Billboard.
SM Entertainment's Q4 Revenue
SM Entertainment reported a 9% revenue drop in Q4 due to lower music sales and concert revenue.
Financial Results
The company earned 291.1 billion Korean won ($205.2 million) with a 26% revenue decline from last year.
Key Factors
New album sales dropped 70% year over year as artists focused on overseas activities.
What matters most
SM Entertainment reported a 9% revenue decline due to lower music sales and concert revenue.
