JYP Entertainment Second Quarter 2024 Earnings: Misses Expectations

JYP Entertainment (KOSDAQ:035900) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₩95.7b (down 37% from 2Q 2023).
• Net income: ₩1.43b (down 94% from 2Q 2023).
• Profit margin: 1.5% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: ₩43.00 (down from ₩772 in 2Q 2023).

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

JYP Entertainment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 94%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in South Korea.

Performance of the South Korean Entertainment industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for JYP Entertainment that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.