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SM Entertainment Revenue Up 5% on Gains in Music and Concerts, Including Tours by NCT 127 & aespa

SM Entertainment’s Q1 earnings show that revenue was up 5% on strength in music and concerts, including tours from NCT 127, aespa, TVXQ and Minho.

SM’s concert revenue grew 58.0% to 39 billion KRW ($27 million) on the strength of tours by NCT 127, aespa, TVXQ and Minho. Stream Media Corporation, which manages SM-affiliated artists in Japan, fell 23.9% due to fewer concerts in the country. Additionally, SM artists made forays into China in the second quarter: NCT Ten performed a solo show in Macau, and WayV appeared at the Strawberry Music Festival.

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