External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, SM Entertainment announced revenue of W321.6bn (in line with the consensus of W326.4bn) and operating profit of W48.2bn (slightly above the consensus of W47.3bn).</li><li>The results confirmed solid fan base growth, especially among newer groups/artists.</li><li>Album/digital music revenue (standalone) came in at W96.7bn, with album sales contributing W70.7bn. Standalone concert revenue reached W52.5bn (a quarterly record), likely boosted by large concerts held in Korea by Aespa, NCT Dream, Super Junior, and Riize. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For 3Q25, SM Entertainment announced revenue of W321.6bn (in line with the consensus of W326.4bn) and operating profit of W48.2bn (slightly above the consensus of W47.3bn).The results confirmed solid fan base growth, especially among newer groups/artists.Album/digital music revenue (standalone) came in at W96.7bn, with album sales contributing W70.7bn. Standalone concert revenue reached W52.5bn (a quarterly record), likely boosted by large concerts held in Korea by Aespa, NCT Dream, Super Junior, and Riize. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SM Entertainment (041510 KQ/Buy)Strong Earnings Not yet Priced In

S.M.Entertainment Co

SM Entertainment (041510 KQ/Buy)Strong Earnings Not yet Priced In