Upvote if you think more people should see this post!

1

0

General
Posted by yckim124 AKP STAFF Monday, May 14, 2018

YG Entertainment's operating profit disappoints in the first quarter of 2018 + possibility of profit improvement

misc.
YG Entertainmentsaw disappointing financial results in the first quarter of 2018.

According to Mirae Asset Daewooon May 14, YG Entertainment failed to meet market expectations for the first half of 2018 with analysts dropping the stock target price by 6.8% to 30,000 KRW (28 USD).

YG Entertainment also saw a drastic decrease in operating profit and revenue compared to Q1 2017. Comparing YOY (Year Over Year), YGE's operating profit plunged by 84.4% and recorded 2.3 billion KRW ($2.15 million). The revenue dropped 27.7% YOY and recorded 77.3 billion won ($72.2 million).


Financial analystPark Jung Yeopcommented, "They were looking forward to Big Bang's last tour before enlistment to reflect on the first quarter, however, their new variety shows had disappointing outcomes."

He added, "It'll take time to receive gains from their content business," and explained, "'MIXNINE' and 'Let's Live a Nice Life', which aired at the end of last year and beginning of this year, had a loss of about 8 billion KRW ($7.4 million) in production costs."

On a positive note, Park stated, "The new generation lineup includingWINNER, iKON, and Black Pink's growth is not bad overall." The three groups' combined concert ticket sales in Japan this year so far in 2018 is around 34% of Big Bang's record of 1.44 million concertgoers last year.

Park advised investors to watch out on YGE's possibility of profit improvement, subsidiary's loss decline, and the normalizing relationship with China.
  1. misc.
  2. YG ENTERTAINMENT
0 27,026 Share 100% Upvoted
TWICE, Nayeon, Jungyeon, Momo, Sana, Jihyo, Mina, Dahyun, Chaeyoung, Tzuyu
58 minutes ago   16   2,189
ITZY
4 hours ago   11   12,383
TWICE, Nayeon, Jungyeon, Momo, Sana, Jihyo, Mina, Dahyun, Chaeyoung, Tzuyu
58 minutes ago   16   2,189
ITZY
4 hours ago   11   12,383
BLACKPINK, (Bangtan Boys) BTS
20 hours ago   90   8,991

allkpop in your Inbox