Recorded music revenues grew 46.6% to 135.1 billion won from July through September.
, had revenue of 238.1 billion KRW from July 1 to Sept. 30 — up 65.4% year-over-year and a 29.1% improvement from the previous quarter, the company announced Monday .
Operating margin — operating profit as a percentage of revenue — improved to 12.5% in the third quarter of 2022, up from 6.9% in the prior-year period. Net income was 29.2 billion KRW , up 129.5% year-over-year and 15% higher than the second quarter. The company’s multi-pronged business, which generates revenue across all facets of its artists’ careers, improved across the board: Recorded music revenues grew 46.6% to 135.1 billion won . SM Entertainment’s album sales improved from 3.
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