FNC Entertainment Turns Profitable in Q1 With 800 Million Won Operating Profit
First Quarter Revenue Reaches 27.2 Billion Won
FNC Entertainment announced on May 15 that it turned a profit in the first quarter of this year, recording a consolidated operating profit of 800 million won.
Revenue was 27.2 billion won, a 140% increase compared to the same period last year. FNC explained, "Starting from the second quarter of 2025, we have maintained four consecutive quarters of operating profit."
FNC cited the adjustment of artists' activity cycles and the expansion of global tours as the main reasons behind the improved performance. P1Harmony moved up its album release, originally scheduled for the second quarter of last year, to the first quarter of this year. This quarter also reflected results from their European tour and encore concerts in Seoul and Japan. CNBLUE likewise rescheduled both their album release and world tour to the first quarter.
FNC stated, "We expect the profitability trend to continue through expanded performance activities of AMPERS&ONE and improved investment efficiency for AxMxP."
Hot Picks Today
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- Laundering 117 Billion Won with Chinese Syndicate: Illegal Bank Account Ring Referred to Prosecutors
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Yusik Kim, CEO of FNC, commented, "Thanks to increased global tours and album sales by our key artists, we achieved both top-line growth and improved profitability." He added, "We also expect a gradual increase in the contribution of our rookie artists to overall performance."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.