Aespa's younger brother group is coming...SM announces debut of new girl group after 5 years

Photo = OSEN

SM Entertainment announced today (5th) that it recorded management performance of KRW 242 billion in consolidated sales and KRW 13.3 billion in operating profit in the third quarter of this year.

Sales fell 9.0% and operating profit fell 73.6% year-on-year, with sales falling from record sales and sales falling from major affiliates, and operating profit fell due to reduced sales from affiliates and the cost of producing SM's first British boy group "DEAR ALICE."

On a separate basis, the company recorded 172.1 billion won in sales and 27.1 billion won in operating profit in the third quarter, down 8.8 percent and 43.6 percent from a year earlier, respectively. Although sales of albums and music decreased compared to the same period last year due to the high base of sales of new albums, it led to an increase in MD sales by expanding concert sales and expanding concert-linked MD (planned products) through performance expansion and internalization of performance business. Net income for the current period was 16 billion won, down 56.8% year-on-year.

SM is scheduled to work in its artist lineup in the fourth quarter of this year and the first quarter of next year. In particular, in the first quarter of next year, the first female rookie group to debut in five years after aespa is set to debut.

In addition, Aespa's mini album "Whiplash," released on Oct. 21 following the release of a solo single by each member at the concert, has been loved so much that it has continued its unrivaled No. 1 streak with relay hits led by "Supernova" this year, and in November, SHINee Minho's first full-length album released on the 4th as well as NCT Dream's fourth full-length album will be released to meet global music fans.

In addition, following the release of TVXQ's Japanese studio album and the 20th anniversary concert tour of Japan's debut, NCT Wish's Japanese studio album and NCT Utah's Japanese mini album will be presented, as will Red Velvet's Irene's first solo debut album, Taeyeon and WayV's mini album, and Nivis single.

In addition, in the first quarter of next year, which marks the 30th anniversary of SM's foundation, various 30th anniversary projects are being prepared, including the SMTOWN LIVE concert and SMTOWN album, which are joint performances of SM artists, and NCT Mark's first full-length album, EXO Kai's mini album, Red Velvet Seulgi and NCT Wish, and NCT Ten's mini album were also announced.

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