Dreamus Company Achieves H1 Operating Profit Turnaround, KRW 105 Billion Revenue

Dreamus Company successfully improved its constitution by divesting non-core businesses, achieving the remarkable feat of turning a profit in the first half of 2025. Consolidated revenue remained similar to the same period last year at 105 billion won, but operating profit recorded 100 million won, an increase of 2.8 billion won, turning profitable. Notably, net profit for the period was 3.3 billion won, demonstrating its potential by significantly increasing by 7.5 billion won year-on-year, thanks to the rising equity value of Titan Contents, a global K-POP company in which it invested in 2023. This encouraging performance improvement is the result of a company-wide rebalancing strategy. Dreamus Company boldly divested non-core businesses, including liquidating audio content production company Studio Dolphin and selling its device business division, thereby completing the reorganization into a robust music and entertainment-centric business structure. The company presented specific strategies to continue this growth in the second half of the year. It plans to strengthen cooperation with K-POP agencies to continuously expand its global business, including music album distribution, merchandise (MD), and performances. In particular, with the recent successful debut of 'AtHeart,' the first global artist from its investee company Titan Contents, the synergy between the two companies is expected to further amplify. Changes in the music platform market are also expected to present new opportunities for Dreamus Company. If the Fair Trade Commission's provisional consent decree regarding Google's alleged violation of the Fair Trade Act is finalized, 'YouTube Premium Lite,' which excludes YouTube Music, is highly likely to be launched in Korea within the year. The company anticipates that its music platform FLO will gain an indirect benefit from this. In response to these market changes, FLO is enhancing its competitiveness by providing innovative user experiences, such as introducing AI-based 'quick song selection' and 'search multiple songs at once' features. Furthermore, it has significantly expanded its content capabilities by building a 100-million-song music library. To enhance shareholder value, the company also demonstrated confidence in its corporate value by implementing aggressive shareholder-friendly policies, such as repurchasing 1.52 million shares through a tender offer and fully incinerating them. Kim Dong-hoon, CEO of Dreamus Company, stated, "In the second half of the year, we will expand our global K-POP business by providing integrated solutions encompassing music album distribution, performances, and merchandise (MD), and by continuously strengthening the competitiveness of the FLO product, we will catch two rabbits simultaneously: revenue growth and profit improvement," emphasizing this vision for the future.