Well-made content and platform expansion drive earnings

CJ ENM reported, on a consolidated basis, third-quarter revenue of about 1.246 trillion won and operating profit of 17.6 billion won, according to a filing on November 6.

In the music segment, Zero Base One’s regular first album sold 1.51 million copies during its initial sales period, marking its sixth consecutive million-seller. Revenue from the ‘Boys 2 Planet’ IP-based channels Mnet and Mnet Plus expanded, lifting music division revenue 8% year-on-year to 197.3 billion won.