JYP Entertainment Reports 41% Profit Drop as Stray Kids' Reduced Activities Hit Earnings

JYP Entertainment saw a sharp drop in second-quarter earnings, with reduced activities by Stray Kids playing a major role in the decline.The company reported KRW 183.1 billion (about $122 million) in revenue for the second quarter of 2026, down 15.1% from the same period last year. Operating profit fell 41.4% to KRW 31.0 billion (about $20.7 million), while net profit dropped 40.3% to KRW 21.7 billion (about $14.5 million), Koreaboo reported.JYP pointed to a high comparison base from the previous year, when Stray Kids were active with their large-scale dominATE world tour. The group's concerts and merchandise sales brought in strong income during the second quarter of 2025.This year, however, Stray Kids had fewer major activities during the same period. Their next world tour began in July, after the second quarter had ended. That change had a clear effect on JYP's live business. Concert revenue fell 35.7% year over year to KRW 39.9 billion (about $26.6 million).Merchandise revenue also dropped 34.5% to KRW 43.9 billion (about $29.3 million). Revenue from artist appearances fell 28% to KRW 7.0 billion (about $4.7 million). JYP said the figure was affected by fewer fan concerts, alth...