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SM Entertainment revenues rose 15.4% YoY to $233M in Q2, driven by concerts and merch
['Murray Stassen']
Music Business Worldwide
SM Entertainment reported a 15.4% YoY rise in second-quarter revenue to KRW 349.6 billion ($233 million).
The growth was driven by SM‘s concert and merchandising/licensing businesses, along with revenue growth across its subsidiaries.
New-album sales totaled 5.67 million copies in the quarter, down from 6.03 million a year earlier.
RIIZE‘s second mini-album, II, sold 1.4 million copies, which SM said was the group’s fourth consecutive million-selling release.
NCT WISH‘s first full-length album, Ode to Love, sold 1.92 million copies, while girl group Hearts2Hearts sold 620,000 copies of its second mini-album, Lemon Tang.