News: YG Entertainment Falls Short On First Half Revenue But Is Expected To Recover This Second Half

YG Entertainment Falls Short On First Half Revenue But Is Expected To Recover This Second Half

YG Entertainment has fallen short from the expectations with their first half of the year result of their agency’s earnings. YG Entertainment has revealed their first half of the year report on the 30th of May and they have made 17.9 billion won in total sales and operating profit of 3 billion won with net profit of 3.6 billion won. Although the numbers are impressive it has fallen short compared to their numbers on the same period last year. Their earnings for the same period compared to last year fell 2.5% and 15.3% on their operating profit.

Nevertheless, YG Entertainment was able to rake more than 20 billion won for the first half which is huge but shows a huge gap in the market compared to SM Entertainment’s 38.4 billion won sales for the first half of this year. YG Entertainment seemed to have started the year a little slower but experts say the company will manage to recover for the second half.

Experts say for the second half, it will be big for YG Entertainment and they will rapidly recover. The YG Family Concert in Japan and Big Bang and 2ne1’s album sales in Japan will be reflected in the second half earnings as well as the upcoming Big Bang world tour, repacked album release and 2ne1’s comeback. Experts say that they are expecting more or less around 29.6 billion won in operating profit and 74 billion won in sales and revenue byt the second half.

Credits:

Source: Nate
Written by: Blueprincess824@dkpopnews.net
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