South Korea · Delayed Price · Currency is KRW CJ ENM CO. Earnings Call Transcripts
Fiscal Year 2026
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Sales rose 17% YoY to KRW 1.29 trillion, with TVING and Fifth Season narrowing operating losses. Digital and global content expansion drove growth, while profitability is expected to improve in H2 as IP-based models and cost optimizations take effect.
Fiscal Year 2025
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Q4 2025 saw revenue decline but operating profit more than doubled, driven by global content success, improved segment profitability, and strong commerce and music results. TVING and Fifth Season expect further improvements in 2026, while Studio Dragon plans to expand its lineup and efficiency.
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Q3 2025 saw 11% YOY growth in both revenue and operating profit, driven by strong content and global expansion, despite ongoing TV ad market weakness. Studio Dragon and commerce segments posted notable gains, while TVing and Mnet Plus are targeting profitability improvements.
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Q2 saw revenue rise 13% year-over-year, but operating profit fell 19%. Content and music segments excelled globally, while commerce invested for future growth. H2 outlook is positive, with premium content and global expansion prioritized.
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Q1 2025 revenue was KOR 1.1383 trillion with break-even operating profit, impacted by weak viewership and ad market. Music and commerce segments showed strong growth, while Studio Dragon and TVING faced losses. Profitability recovery and market expansion are expected from Q2.
Fiscal Year 2024
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Profitability rebounded in 2024 with 19.8% revenue growth and a strong turnaround in operating profit. Strategic focus for 2025 includes global expansion, digital platform growth, and aggressive content investment, while deleveraging and capital efficiency remain priorities.
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Q3 2024 saw a modest revenue increase and a sharp rise in operating profit, but a large net loss due to one-off LiveCity-related charges. TVing and Studio Dragon showed improved operational metrics, while Fifth Season was impacted by delivery delays and strikes.
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Q2 2024 revenue grew 11% YoY to KRW 1.1647 trillion, with operating profit rebounding. TVING and overseas music drove growth, while Studio Dragon and Fifth Season managed challenges. Focus remains on profitability, debt reduction, and content competitiveness.