JYP Entertainment Full Year 2024 Earnings: Beats Expectations

JYP Entertainment (KOSDAQ:035900) Full Year 2024 Results

Key Financial Results

• Revenue: ₩601.8b (up 6.2% from FY 2023).
• Net income: ₩97.8b (down 7.3% from FY 2023).
• Profit margin: 16% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ₩2,951 (down from ₩3,186 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

JYP Entertainment Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in South Korea.

Performance of the South Korean Entertainment industry.

The company's shares are down 12% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for JYP Entertainment that you should be aware of.

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