Studio Dragon Corp
KOSDAQ:253450
Studio Dragon Corp
Studio Dragon Corp. engages in the operation of a platform for Korean drama and entertainment video streaming. The company is headquartered in Seoul, Seoul. The company went IPO on 2017-11-24. The firm is engaged in producing dramas and organizing them for broadcasters, and the distribution business in domestic and overseas. In addition, the Company is engaged in the businesses such as indirect advertisements generated by sponsoring drama props, related digital video discs (DVDs), original sound tracks (OSTs), merchandiser (MD) products, and management.
Studio Dragon Corp. engages in the operation of a platform for Korean drama and entertainment video streaming. The company is headquartered in Seoul, Seoul. The company went IPO on 2017-11-24. The firm is engaged in producing dramas and organizing them for broadcasters, and the distribution business in domestic and overseas. In addition, the Company is engaged in the businesses such as indirect advertisements generated by sponsoring drama props, related digital video discs (DVDs), original sound tracks (OSTs), merchandiser (MD) products, and management.
Revenue Growth: Q3 sales reached KRW 1.2456 trillion, up 11% year-over-year, and operating profit also rose 11% year-over-year.
Profit Decline QoQ: Profit decreased compared to Q2 due to delayed media platform turnaround and timing of music activities.
Media & Content Strength: Dramas like Bon Appetit and Your Majesty achieved strong viewership and global popularity, helping drive improved platform metrics.
Advertising Weakness: TV advertising revenue remained under pressure, with the market down 17–20%, though viewership was strong.
Global Expansion: Strategic partnerships, including with Warner Bros. Discovery, are expanding K-content internationally; global OTT collaborations continue.
Segment Details: Studio Dragon posted KRW 136.5 billion in revenue and KRW 10.5 billion in operating profit; TVING and Fifth Season both reported operating losses.
Improved Commerce Margins: Commerce segment profitability rose on mobile live commerce and a focus on high-margin products.
Cautious Q4 Optimism: Management expects Q4 improvements, especially from new content launches and further global OTT distribution.
