2023 is looking to be an interesting year for SM Entertainment as they unveiled their plans for the coming months. 

On Wednesday, August 2, the agency unveiled its earnings release report for the second quarter of 2023.

The said report includes updates of their consolidated business results for the past quarter, as well as event line-up previews for the coming months. 

According to the report, SM Entertainment logged 35.7 billion won in operating profit for the second quarter of 2023. Their net income also increased by 11.6%, reporting 28.3% billion won. 

Meanwhile, their quarterly revenue improved by 30% to 239.8 billion won. 

The increase in revenue is attributed to the resumption of offline concerts globally and more merchandise sold through pop-up stores related to album releases. 

Relative to the increase, SM Entertainment specifically mentioned aespa’s EP My World, which sold over two million copies. 

Additionally, groups NCT DREAM, TVXQ!, and Red Velvet held the most offline concerts worldwide, with 17, 12 and 11, respectively. 

What to expect for the rest of 2023 in terms of albums 

As for their upcoming music releases, eight SM Entertainment acts are slated to make a comeback in the third quarter. Meanwhile, 11 acts are scheduled the fourth quarter. 

Although the agency clarified that the lineup might change, here’s a rundown of what fans can possibly expect: 

3rd quarter:

For August, U-Know Yunho of TVXQ is confirmed to be releasing his third solo mini-album Reality Show on the 7th.

Meanwhile, Hyo, or Hyoyeon from Girls’ Generation, will be releasing a single.  Also for August, NCT might release an album and aespa with an English single.

Details for said releases have yet to be disclosed, but NCT will be having their first full-group concert NCT NATION: To the World on August 26, while aespa teased a release titled “Better Things.”

For September, Super Junior’s Yesung, SHINee’s Key, and EXO’s D.O. will be releasing their solo mini-albums. 

RIIZE, SM Entertainment’s first boy group in seven years, is also expected to make their official debut in September with a single. 

4th quarter:

Although there are no specific months yet, SHINee’s Minho and Super Junior’s Ryeowook will be releasing a single in the fourth quarter.

Girls’ Generation’s Taeyeon and SHINee’s Taemin will also be making their solo comebacks with mini-albums. 

Moreover, TVXQ! and Red Velvet might release full albums, while it’s undecided whether NCT127 will release a full-length album or a single. RIIZE is also expected to make a comeback in the fourth quarter with a single. 

As for international releases, WayV will have a full-length album in Chinese, while aespa might release an English single or mini-album. 

NCT Tokyo is also planned to make their debut in the fourth quarter with a Japanese single. Although the preview noted that the artist’s name is still tentative.

NCT Tokyo will reportedly have six members, with four being chosen from the reality survival show NCT Universe: The Lastart. It is also said to be the final sub-unit of NCT. 

What to expect for the rest of 2023 in terms of concerts 

 

Meanwhile, six acts will be having concert shows for the next months.

Taeyeon is currently embarking on the Asia leg of her The ODD Of Love show, which will run until late August. Additionally, aespa is doing the America and Europe stops of their Syk: Hyper Line shows until September. 

From August to September, Chen will have his Polaris tour in Japan. After their Seoul shows, NCT will bring their NCT NATION: To the World concert to Japan in September. 

SHINee will stage their World VI [Perfect Illumination] shows in Japan between September to October, while Yesung will kick off his solo concert tour in Seoul in October.

On top of that, the agency will also bring their SMTOWN LIVE concert to Jakarta in September. TVXQ!, Super Junior, Red Velvet, NCT 127, NCT Dream, WayV, aespa, and RIIZE will be performing. 

Stay tuned here for more updates about these upcoming releases and concerts. Which of these are you most looking forward to?  

Featured image: SHINee releases album ‘HARD’ in June. Credit: Facebook/SHINee