SM Entertainment To Debut New Girl Group

aespa's sister is coming out...SM to debut new girl group next year.

SM Entertainment (hereinafter referred to as SM) announced its third quarter earnings.

They announced on the 5th that they recorded management performance of ▲ 242 billion won in sales and 13.3 billion won in operating profit in the third quarter of this year on a consolidated basis. Sales fell 9.0% and operating profit fell 73.6% year-on-year, and sales of major affiliates were affected by a decrease in album sales and a decrease in sales, and operating profit was reduced due to a decrease in sales of affiliates and the cost of producing SM's first British boy group "DEAR ALICE" broadcasting program.

On a separate basis, it recorded sales of 172.1 billion won and operating profit of 27.1 billion won in the third quarter, down 8.8% and 43.6% from the same period last year, respectively. Although sales of albums/songs decreased compared to the same period last year, it led to an increase in MD sales by increasing concert sales and expanding concert-linked MD through performance expansion and internalization of performance business. Net profit was 16 billion won, down 56.8%.

SM is expected to be active in its artist lineup in the fourth quarter of this year and the first quarter of next year. In particular, in the first quarter of next year, a new female group that will debut for the first time in five years since aespa is set to debut. Based on SM 3.0's IP expansion roadmap, it will introduce RIIZE, NCT WISH, a British boy group "Dear Alice," a global IP expansion project, and NEW IP, which will continue the successful launch of its first virtual artist æ, and will be promoted in earnest with the release of a single in the first quarter of next year.

SM confirms to debut New Girl Group next year.
2024 with revelation of members & group names,song & filming MV.
2025 with official debut.

SMNGG is coming ♥️
Our Jiwoo is coming 🙏#smngg #choijiwoo pic.twitter.com/lmxXBl9QfH

— Choi Jiwoo (@archivedjiwoo) November 5, 2024

In addition, aespa also received great love for its mini album "Whiplash," which was released on Oct. 21, following the release of a single solo song by each member at the concert. They have continued their unrivaled No. 1 streak with relay hits led by "Supernova" this year. In November, SHINee Minho's first full-length album, released on the 4th, as well as NCT Dream's fourth full-length album, will be released.

In addition, following the release of TVXQ's Japanese studio album and the concert tour marking the 20th anniversary of their Japanese debut, NCT Wish's Japanese studio album and NCT Yuta's Japanese mini album will also be released. Red Velvet's Irene's first solo debut album, Taeyeon and WayV's mini album, and naevis's single will also be released.

SM is preparing various projects to celebrate its 30th anniversary, including the SMTOWN LIVE concert and the SMTOWN album, a joint performance by SM artists in the first quarter of next year. NCT Mark's first full album, EXO Kai's mini album, Red Velvet's Seulgi and NCT Wish, and NCT Ten's mini album were also announced. Kai will be discharged from the military in February 2025.

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