FNC Entertainment: ”Operating loss of 1.5 billion won until March this year... On the other hand, new group album sales and concert sales of FTISLAND, CNBLUE, etc. have increased”

FNC Entertainment (hereinafter referred to as FNC) announced that its consolidated sales as of March this year were 18.4 billion won (approximately 2.1 billion yen) and its operating loss was 1.5 billion won (approximately 170 million yen).
FNC said, "The operating loss is at the same level as last year (1 billion won), but the revenue from the P1Harmony US concert was recognized in the first quarter of 2023 and the profit from the US concert was recognized in the first quarter of 2024.
Taking into account the investment costs for new group AMPERS&ONE in the first half of the year, profits actually improved."
According to FNC, in the first quarter of this year, "SF9", "P1Harmony", and "AMPERS
With the successive release of albums by &ONE, the group recorded over 60% of last year's annual sales in the first quarter.
The expansion of the entertainment industry led to increased sales of performances, which drove better results than the previous year in the music business, which is the company's main business.
Sales increased compared to the same period last year. In the second quarter, CNBLUE's Asia tour is scheduled to continue until May, and P1Harmony's domestic performances were sold out in April and will continue until May.
The tour will continue through June, visiting 11 cities in North America, including New York, Dallas, and Chicago. The four cities, including the LA Forum, will be their first foray into arena-class venues, expanding the scale of the tour from last year.
The number of tickets sold has already exceeded 140% of the size of previous US tours, so expectations are high.
The lineup of artists for the second half of the year will see more album releases and concerts.
"FTISLAND" and "CNBLUE" will continue to work nonstop at domestic and international festivals, and concerts in Korea, Asia, and Japan. "N.Flying" is
He is expected to perform passionately at concerts and various festivals, and is the leader of N.Flying, who has been receiving love calls from fans on the recent tvNTV series "Run with Sungjae on Your Back."
Lee Seung Hyo plans to continue various activities such as acting and music. SF9 will also continue their activities as a unit while some of the members are in the military, and will release albums and hold concerts in Korea and Japan.
"P1Harmony" is scheduled to perform in Australia, New Zealand, Asia, Japan, and other places.
Actor Jung HaeIn also won the 77th Cannes International Film Festival for his Korean feature film.
He is scheduled to meet the public in the second half of the year with "Veteran 2," the only officially invited production, and the tvNTV series "Mom's Friend's Son."