The Q2 financial reports of major entertainment agencies have been revealed.�
According to Sports Seoul, SM Entertainment had a successful second quarter in 2018 with an increase�in both sales and profit. The agency recorded 235 billion KRW (208 million USD) in sales, 20.4 billion KRW (18 million USD) in operating profit, and�15.6 billion KRW (13.7 million USD) in net profit.�
Compared YoY to Q2 of 2017, the sales have increased nearly 100 billion KRW (88.5 million USD), and the agency saw a gain in net profit instead of a loss.�
On the contrary, YG Entertainment�saw a drop in both sales and profit in the second quarter compared to the same period in 2017. The agency recorded 134 billion�KRW (119 million USD) in sales, 3.7 billion KRW (3.3 million USD) in operating profit, and 380 million KRW (336,134 USD) in net profit.�
This is a 67.5% decrease in operating profit, and a 13.2% decrease in sales�compared to Q2 of 2017.�
Big Bang's hiatus is a major factor behind the loss. However,�WINNER, iKON, and Black Pink's active promotions in Japan are expected to help fill in their absence.�
Meanwhile, JYP Entertainment�also had a successful second quarter in 2018 along with SM Entertainment by seeing an over 30% increase in operating profit.�
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