CJ ENM's Q3 Operating Profit Rises 11% Year-on-Year to 17.6 Billion Won

by Lee Yiseul

Published 06 Nov.2025 14:43(KST)

Zerobaseone Achieves K-pop Success
Film and Drama Overseas Distribution Expands

CJ ENM logo. Provided by CJ ENM

On November 6, CJ ENM announced that its consolidated operating profit for the third quarter of this year reached 17.6 billion won, marking an 11.0% increase compared to the same period last year.

During the same period, revenue amounted to 1.2456 trillion won, up 10.0% year-on-year. Net profit turned positive, reaching 79.8 billion won.

Profitability improved as both the entertainment sector, including drama and music, and the commerce division experienced growth. In the media platform segment, major titles such as "The Tyrant's Chef" and "Seocho-dong" received positive responses, but due to the downturn in the advertising market, the division recorded revenue of 319.8 billion won and an operating loss of 3.3 billion won.

Tving expanded synergies with Wavve, introducing a double subscription plan, terrestrial live programming, and an ad-supported pricing model. The combined monthly active users (MAU) of the two platforms surpassed 10 million, while advertising revenue increased by 74.7% compared to the previous year.

The film and drama division posted revenue of 372.9 billion won and an operating profit of 6.8 billion won, turning profitable. Revenue from new markets such as Latin America and the Middle East increased significantly, up 48.2% year-on-year. The supply of premium content produced by Fifth Season, including "The Savant" and "His & Hers," expanded, and the export of the film "No Other Choice" also contributed to improved performance.

In the music division, the first full-length album from the group Zerobaseone surpassed 1.51 million copies in initial sales, achieving six consecutive million-seller records. The expansion of Mnet's "Boys 2 Planet" IP-based channels and Mnet Plus revenue drove sales to 197.3 billion won, an 8% increase year-on-year. However, due to expanded new investments in Mnet Plus, operating profit was limited to 1.9 billion won.

The commerce division recorded revenue of 355.7 billion won and an operating profit of 12.6 billion won, driven by the growth of mobile live commerce.

CJ ENM stated, "In the fourth quarter, we plan to accelerate profitability improvements based on competitiveness in content and platforms."

For the media platform division, the company aims to expand Tving's subscriber base with original lineups such as "Transit Love 4" and "Dear X," while pursuing global expansion through the launch of branded sections on HBO Max (in 17 Asia-Pacific countries) and Disney+ in Japan.

In the film and drama division, CJ ENM will strengthen overseas distribution by simultaneously releasing major IPs such as "Typhoon Corporation," "Pro Bono," and "Annoying Love" on global OTT platforms. The company also plans to expand the supply of global IPs, including "Romantic Anonymous" from CJ ENM Studios, "Soulmate" from Studio Dragon, and "American Classic" from Fifth Season.