# SM Entertainment Q3 Revenues Drop 9.5% YoY

> SM Entertainment's Q3 revenue falls 9.5% YoY to $205.1m as album and concert sales decline.
- Title: SM Entertainment Q3 Revenues Drop 9.5% YoY | Shortify
- Summary: SM Entertainment's Q3 revenue falls 9.5% YoY to $205.1m as album and concert sales decline. SM Entertainment reported a 9.5% year-over-year drop in Q3 2026…
- Keywords: sm entertainment, q3 2026, revenue, album sales, concert revenue, korean won, hybe, aespa, nct 127, blingy, music, Music Business Worldwide
- Source: Music Business Worldwide — https://musicbusinessworldwide.com/sm-entertainments-q3-revenues-fall-9-5-yoy-to-205m-as-album-and-concert-revenue-tumbles
- Published: 2026-11-04T15:14:12+00:00
- Read time: 1 min
- Topics: sm entertainment, q3 2026, revenue, album sales, concert revenue, korean won, hybe, aespa, nct 127, blingy, music, business
## SM Entertainment Q3 Earnings
SM Entertainment reported Q3 2026 revenues fell 9.5% year-over-year to $205.1 million.
## Concert Revenue Decline
Concert revenue dropped 34.2% YoY to $24.3 million, as artists expanded global activities.
## Album Sales Drop
Physical album and digital music revenue fell 51.3% YoY to $33.2 million with 1.67 million copies sold.
## Net Loss Reported
SM reported a net loss of $0.8 million, down from $44.7 billion net income a year earlier.
## Foreign Exchange Impact
Foreign exchange losses caused a 94.3% drop in pre-tax income to $3.2 billion.
## Q4 Release Schedule
Q4 2026 includes full-length albums from NCT DREAM and TAEYEON, with NCT WISH releasing a new album.
## Key Releases
NCT 127's BLINGY sold 970,000 copies, followed by WayV's Vision Wings (240,000) and SUPER JUNIOR-83z's Promise (150,000).
## Q4 Concert Plans
aespa plans nine European shows in Q1 2027, including Manchester, London, Berlin, and Paris.
## Q3 Revenue Breakdown
Merchandising revenue rose 23.5% YoY to $43.8 million, driven by IP collaborations and event merchandise.
## Key takeaway

SM Entertainment reported a 9.5% year-over-year drop in Q3 2026 revenue to $205.1m, driven by lower album and concert sales.