GMM MUSIC first-half profit jumps 29.2%, revenue reaches 2,161.2 million baht

Share2Trade··TH·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

GMM Music Public Company Limited, or GMM MUSIC, reported first-half 2026 results with total revenue of 2,161.2 million baht, up 12.2% from the same period last year, and net profit of 280.7 million baht, up 29.2%. Its net profit margin rose to 13.0% from 11.3% a year earlier, amid a slowing economy and continued negative growth in the entertainment business. The artist management business posted record revenue of 730.8 million baht, growing 17.9%. The digital music business recorded revenue of 533.3 million baht, growing 15.2%, with revenue on TikTok up 82.9%, Spotify up 29.5% and YouTube up 6.4%. The copyright management business had revenue of 156.1 million baht, growing 12.3%, which together with digital music accounted for as much as one-third of the company's total revenue. The show business unit through GMM Show had revenue of 496.3 million baht, growing 8%, with 272,462 attendees in the first half and a compound annual growth rate of total attendance of 20.6%. Chief Executive Officer Phawit Chitrakorn said the company will focus on re-engineering the organisation under a five-year plan so that GMM Music continues to be a core revenue driver for GMM GRAMMY.

Impact on assets 2

Communication Services▲
GMM Grammy Public Company Limited
GRAMMY
▲ PositiveCapitalrelevance

GMM Music, a subsidiary, reported first-half revenue up 12.2% and net profit up 29.2%, and is positioned as a core revenue driver for GMM Grammy.

Spotify Technology SA
SPOT
▲ PositiveDemandrelevance

GMM Music's digital music revenue on Spotify grew 29.5% in the first half, indicating higher streaming demand on the platform.

Off-coverage companies 3

GMM Show Co., Ltd.i
Private▲ PositiveDemandrelevance

GMM Show's revenue rose 8% to 496.3 million baht with 272,462 attendees in the first half, showing higher event demand.

ByteDancei
Private▲ PositiveDemandrelevance

GMM Music's TikTok-related revenue jumped 82.9%, reflecting strong monetization demand on ByteDance's platform.

YouTube, LLCi
Private± Mixedrelevance