FNC Entertainment (173940, hereinafter FNC) has released its financial results for the first quarter.
FNC announced on the 15th that it recorded an operating profit in Q1, marking its fourth consecutive quarter of profitability since the second quarter of 2025. For the first quarter of this year, consolidated revenue reached 27.2 billion KRW and operating profit hit 800 million KRW, representing a 140% increase in revenue compared to the same period last year and a successful turnaround to profit.
The music business sector showed remarkable growth, thanks to the concentrated activity of major artists and the expansion of global tours. P1Harmony contributed to the improved results as their album release, which took place in Q2 last year, was moved up to Q1 this year. Along with the ongoing effects of their world tour, their European tour and encore concerts in Seoul and Japan drove overall growth in the performance and album sectors. CNBLUE also had a positive impact on domestic and international growth by moving their album release and world tour schedule to the first quarter.
FNC explained that the contribution of rookie artists to the company’s performance is also expected to expand. AMPERS&ONE saw an increase in album sales and expanded performance activities. AxMxP is also expected to see improved profitability as cost burdens are eased through investment efficiency and revenue expansion.
Choi Lip-woo, who debuted last December, also helped growth through fan meetings and merchandise (MD) sales. On the 13th, Choi Lip-woo debuted in the rookie boy group FLARE U alongside Kang Woo-jin, whom he met through the Mnet boy group audition program “Boys 2 Planet.” Despite being a rookie group, they recorded sales of over 96,000 copies on their first day of release.
FNC CEO Kim Yoo-shik explained, “Thanks to the expansion of global tours and album sales of our major artists, the music business sector has grown significantly, achieving both external growth and improved profit and loss.” He added, “We plan to maintain a stable growth trend based on the expanded activities of our major artists and the growth of the global fandom. As our rookie artists are also showing a gradual growth trend with expanded album and performance activities, we expect their contribution to performance to continue expanding in the future.”
