Nomus Achieves 8.8 Billion KRW Operating Profit in H1, Surpassing Last Year’s Annual Results

Nomus, a company specializing in artist intellectual property (IP) solutions, announced on August 18 that it achieved an operating profit of 8.8 billion KRW in the first half of the year, surpassing its operating profit for the entire previous year.

The operating margin reached 25%, marking a 14 percentage point improvement compared to the same period last year. Revenue stood at 35.1 billion KRW, and net profit was 7.8 billion KRW. Following its record-breaking first-quarter results, the company demonstrated growth focused on profitability through strategic operations prioritizing margin improvement.

The on-offline integrated business through the fandom platform 'fromm' served as a key driver in improving profitability. Nomus enhanced user experience on the platform by upgrading features such as merchandise (MD), digital albums, and private messaging. The diversification of platform revenue also accelerated, driven by increased content supply to global fans.

In the performance segment, notable new concert projects based on K-pop artists included SHINee Onew's solo tour in the Americas and a partnership for Taemin's tour in the Americas. The company is also actively expanding its IP portfolio, with around 100 new IPs acquired, including Red Velvet's Wendy.

A Nomus representative stated, "We achieved balanced results in strengthening platform competitiveness, successful concert IPs, and securing new IPs in the first half of the year. In the second half, we expect substantial growth in both scale and profitability through large-scale concert lineups, global collaborative content, and expansion of overseas fandom."

The representative added, "Discussions on diversifying global channels, including China, are also progressing positively."

This content was produced with the assistance of AI translation services.