KT Genie Music improved profitability in the first quarter of 2026. On the 12th, KT Genie Music (CEO Seo In-wook) disclosed consolidated results for Q1 2026. Revenue was 75.2 billion KRW (approximately $56.4 million), operating profit 5.0 billion KRW (approximately $3.75 million), and net profit 3.6 billion KRW (approximately $2.7 million), up 8.5%, 22.9%, and 58.0% year‑over‑year, respectively.
KT Genie Music said the quarter’s consolidated revenue reflected growth in its music services and music distribution businesses, along with stronger results at its consolidated subsidiary, KT Millie’s Library. Revenue rose 8.5% compared with the same period last year.
The company pointed to partnerships with carriers KT and LG U+ as a key driver of the sales increase. Net additions of music subscribers through those carrier deals, together with revenue from an in‑car music service that scaled up last year, have begun to structurally improve the B2B music services business.
Music distribution also posted solid results, bolstered by hit releases tied to programs such as Mnet’s Show Me the Money 12.
Kwak Jin-min, head of corporate planning at KT Genie Music, said, “Despite fierce competition in the music market, we achieved earnings growth by strengthening our core music-business competitiveness. Going forward, we will produce measurable management results by advancing AI services on our music platform, expanding the in‑car music service, and reinforcing music-distribution partnerships.”
