YG Entertainment’s preliminary third-quarter operating profit falls 56.8%
YG Entertainment disclosed preliminary consolidated third-quarter operating profit of 13.5 billion won, down 56.8% from a year earlier and 28.9% below the cited market estimate of 18.9 billion won. Revenue fell 9.4% to 156.7 billion won, while net income declined 73.8% to 6.4 billion won.