Net profit fell 40.3% YoY to KRW 21.7 billion ($14.5m), while operating profit dropped 41.4% to KRW 31.0 billion ($20.7m), according to figures the KOSDAQ-listed company published on Wednesday (August 12). Merchandise revenue fell 34.5% to KRW 43.9 billion ($29.3m), which JYP put down to the “absence of large-scale tour/online MD.” Advertising revenue rose 20.5% to KRW 13.6 billion ($9.1m), which JYP said came from “enlarged artist mass awareness.” SM‘s net income fell, however, down 5.6%, or KRW 1.7 billion, YoY to KRW 29.2 billion ($19.5m). Across the first half of 2026, JYP generated revenue of KRW 369.1 billion ($246m), operating profit of KRW 64.4 billion ($42.9m) and net profit of KRW 53.6 billion ($35.7m).