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| (출처=하이브) |
[Alpha Biz= Reporter Kim Minyoung] It is forecasted that entertainment agencies listed on the domestic stock market will report weak performances in the second quarter.
On the 12th, Hyundai Securities released a report stating that in the second quarter, domestic entertainment agencies are expected to sell 29.95 million albums, a 13% decrease compared to the same period last year, with fan club memberships projected to decrease by 8% to 3.25 million.
The sales of albums were affected by a downturn in the market trend, with the initial album sales of seven major artists who made comebacks in the second quarter decreasing by an average of 26% compared to the previous period.
As a result, Hyundai Securities anticipated that the combined revenue of the four entertainment companies in the quarter would decrease by 5% compared to the same period last year, and operating profit would decrease by 23% during the same period.
This projection is due to HYBE and SM Entertainment expected to achieve results similar to the previous year, while JYP Entertainment and YG Entertainment are anticipated to struggle.
Initially, the securities market had estimated the timing for investing in domestic entertainment stocks to be around the second quarter, but now it has been pushed back to the third quarter.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
