SM Entertainment's concert and merch revenue rises as recorded music falls in Q2 2026

SM Entertainment's Q2 2026 report, published August 5, shows concert revenue up 23.6% to KRW 41.6 billion ($27.7 million) and merchandising/licensing up 22.0% to KRW 77.9 billion ($51.9 million), while physical and digital music revenue fell 8.2% to KRW 90.9 billion ($60.6 million). Total revenue rose 15.4% to KRW 349.6 billion ($233 million), per SM's earnings release.