Exciting news for K-Pop fans! SM Entertainment is set to debut a new girl group, marking their first since aespa five years ago.
On November 5, SM shared their financial results, revealing a revenue of 242.2 billion won and an operating profit of 13.3 billion won for the third quarter of this year.
However, they also noted a 9% decrease in revenue and a 73.6% drop in operating profit compared to last year, mainly due to lower album sales and expenses from producing content for their new UK boy group, DEAR ALICE.
Looking ahead, SM plans to boost its artist promotions in the upcoming months. The highly anticipated new girl group is scheduled to debut in the first quarter of next year, as part of SM's strategy to expand its intellectual property (IP).
This new group joins a lineup that already includes successful acts like RIIZE, NCT WISH, and the virtual artist, nævis. A single is expected to be released alongside promotions for the new group.
Meanwhile, aespa has been thriving with their mini-album Whiplash, which dropped on October 21, and they have been performing individual member solo singles at their concerts.
This follows a string of hits like Supernova. In November, SHINee's Minho will also release his first full-length album, and NCT DREAM will unveil their fourth studio album.
Additionally, SM has a busy schedule ahead with the release of TVXQ's new Japanese album and their 20th-anniversary concert in Japan.
Upcoming projects include NCT WISH’s Japanese album, NCT Yuta’s mini-album, and Red Velvet's Irene's solo debut. Fans can also look forward to new mini-albums from Taeyeon, WayV, and singles from nævis.
As 2025 marks SM's 30th anniversary, the company is preparing special projects, including an SMTOWN LIVE concert and a commemorative album featuring various SM artists.
Co-CEO Jang Cheol Hyuk emphasized that the new girl group's debut will strengthen their artist lineup and expressed gratitude to fans for their ongoing support. He stated, "We have exciting projects planned to celebrate our 30th anniversary, so please stay tuned!"
Source: [1]