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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] DB Financial Investment has reduced its target price for Contentree Central from ₩17,000 to ₩14,000 while maintaining a "Buy" rating as of the 30th.
For Q2, the company's consolidated revenue was ₩226.8 billion, with an operating loss of ₩6.5 billion. However, SLL's standalone operating profit was ₩6.5 billion, reflecting improved margins due to simultaneous sales of drama content to OTT platforms. On a consolidated basis, the company recorded an operating loss of ₩5.3 billion due to the absence of content from Wiip.
Content from Wiip, which underperformed in 2024, is expected to improve in H1 2025 with the airing of "The Summer 2" and a total of three releases for the year, potentially reducing losses by approximately ₩15 billion compared to the previous year.
The film segment reported a profit of ₩100 million for Q2, impacted by a 3.7% decline in domestic box office revenue, a 4.2% drop in ATB, and increased advertising cost of sales.
Due to the downward revision of performance forecasts for 2024 and 2025, DB Financial Investment has adjusted its target price to ₩14,000.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
