South Korea · Delayed Price · Currency is KRW Studio Dragon Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw a 17% rise in operating profit despite an 8% revenue drop, driven by platform and music growth. TVING and Mnet Plus posted strong subscriber and ad gains, while Studio Dragon returned to profitability. Privacy breach and drama delivery gaps posed risks.
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Q1 2026 saw 17% sales growth and improved operating profit, driven by digital platform expansion, strong global content sales, and successful music and commerce segments. TVING and Mnet Plus posted robust subscriber and revenue gains, while TV ad revenue remained weak.
Fiscal Year 2025
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Q4 2025 saw operating profit more than double YoY despite a revenue decline, driven by improved profitability in TVING, FIFTH SEASON, and commerce. Studio Dragon rebounded in the second half, and digital ad and global content expansion remain key growth drivers for 2026.
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Q3 2025 saw 11% YoY growth in both sales and operating profit, driven by strong content and platform performance, despite a weak TV ad market and ongoing investment in digital and global expansion. Studio Dragon and commerce segments posted notable gains.
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Q2 2025 saw revenue rise 13% YoY but operating profit fell 19% YoY, with sequential improvement from Q1. Strong global content performance, digital transformation, and commerce growth offset media ad market weakness. Legal risks from the K-Culture Valley project remain.
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Q1 2025 revenue reached KRW 1.1383 trillion with break-even operating profit, as weak viewership and ad market weighed on results. Music and commerce segments showed growth, while Studio Dragon and TVING faced losses. Profitability is expected to recover in the second half.
Fiscal Year 2024
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Annual revenue grew 19.8% to KRW 5.2314 trillion with a turnaround in operating profit, driven by strong entertainment and commerce segments. Strategic focus on global expansion, digital platforms, and content investment positions the company for continued growth in 2025.
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Q3 2024 saw a slight revenue increase and a strong operating profit rise, but a large net loss due to one-off CJ LiveCity losses. TVING and global content sales showed robust growth, while Studio Dragon and Fifth Season faced challenges from delayed projects and industry strikes.
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Q2 2024 saw 11% YOY revenue growth and a turnaround in operating profit, driven by strong platform and overseas sales. Tving and Fifth Season posted rapid subscriber and revenue growth, while leadership changes and asset sales supported profitability and debt reduction.