FNC Entertainment Sees Increase in Quarterly Sales and Profit for the First Time in 8 Quarters Thanks to SF9's Comeback with 'TURN OVER'
SF9's comeback with their ninth EP "TURN OVER" had a significant impact on FNC Entertainment's quarterly profit and sales, particularly this third quarter, as the agency saw a rise for the first time in eight quarters.
FNC Entertainment Records Increase in Sales and Profit in the Third Quarter of 2021 with SF9's Comeback with 'TURN OVER'
On Nov. 12, FNC Entertainment announced that their third-quarter sales this year reached 14.1 billion KRW in their sales, an increase of 9% compared to the same period of the previous year.
Regarding their profit in the same quarter, the company revealed that they were in the black, meaning they saw positive results from July to September.
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FNC Entertainment's operating profit in the third quarter was 800 million KRW and their net profit was 900 million KRW.
One of the main aspects that contributed to the improvement of FNC Entertainment's sales and profit in the third quarter of 2021 is SF9's comeback in July with their ninth EP "TURN OVER."
On the first day of sales, "TURN OVER" impressively broke the boy group's previous first-week sales record. A total of 81,365 copies were sold on July 5 alone, surpassing the first-week sales amount of 72,272 copies achieved by their 2020 mini-album "9loryUS."
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From July 5 to 11, SF9's "TURN OVER" sold an impressive total of 143,989 copies, almost doubling the group's first-week sales record.
"TURN OVER" is SF9's first album since their debut to sell more than 100,000 copies on Hanteo.
In addition to the boy group's successful comeback, the other key factor that affected FNC Entertainment's sales and profit in the third quarter of 2021 is the positive outcome of actor Jung Hae In's Netflix original series "D.P." (Deserter Pursuit).
Congratulations to FNC Entertainment on their first increase in quarterly profit and sales in eight quarters with SF9's comeback and Jung Hae In's successful Netflix series.
FNC Entertainment's Sales and Profit in the Fourth Quarter of 2021 expected to Increase
On another note, the company is also predicted to see good results in their sales and profit in the fourth quarter of the year thanks to their lineup of comebacks.
On Oct. 6, N.Flying dropped the repackaged version of their first Korean studio album ("Man on the Moon"), titled "TURBULENCE." It has sold over 29,000 copies in South Korea so far.
On Oct. 20, CNBLUE released their first album in almost a year since their eighth EP "Re-Code" was dropped in November of last year.
Titled "Wanted," the South Korean rock band's ninth mini-album consists of five songs including the title track "Love Cut." The album has sold nearly 28,000 copies in South Korea to date.
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Aside from the music division, FNC Entertainment's artists/actors are also performing well in the acting field. SF9 member Rowoon is starring in the KBS2 drama "Yeonmo," which recently ranked first in Netflix rankings in eight countries across the globe.
Moreover, Jung Hae In will play the lead role in the JTBC drama "Snowdrop," which is scheduled to air in December and is expected to be a box office hit following "D.P."
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Written by Mhaliya Scott
