CJ ENM (035760) investor relations material

Executive summary

• Q3 2026 revenue was KRW 1,190.4bn, down 4.4% YoY; operating profit rose 25.5% to KRW 22.1bn, while net loss was KRW 25bn. Results were presented before external audit completion.

• Strategic priorities included integrated advertising, premium content and global distribution, music and live entertainment, and creator commerce.

Financial highlights

• Revenue declined 4.4% YoY and 1.1% QoQ; operating profit rose 25.5% YoY and fell 34.1% QoQ. Net loss was KRW 25bn, versus net income of KRW 80bn in 3Q25 and a net loss of KRW 22bn in 2Q26.

• Entertainment revenue was KRW 841.5bn, down 5.4% YoY, and operating profit was KRW 14.2bn, up 159.0%; Commerce revenue was KRW 348.9bn, down 1.9%, and operating profit was KRW 6.7bn, down 46.8%.

Outlook and guidance

• Q4 advertising plans include TVING originals, KBO postseason packages, sponsorships, PPL and virtual ads, plus AI- and data-driven targeting; TV advertising is expected to be flat YoY against a market forecast of an 8% decline.

• Scripted plans include regional distribution, European volume deals, film and documentary deliveries, and cost optimization; Fifth Season expects more film and documentary supply and clearer TV-series spending guidance in Q4.

• Studio Dragon expects stronger Q4 performance from large-scale titles, expanded pre-sales, content quality and cost efficiency.

• Music plans more artist activity and stronger fandom engagement, including the 2026 MAMA Awards, to support profitability.

• Commerce plans selective marketing, creator recruitment, ONTNER scale-up, peak-season campaigns and fashion launches; PB/LB-led fall-winter sales are a priority.