1. Showbox IR Key Takeaways: What Happened?

Showbox recorded revenue of KRW 30.63 billion (down 62% year-on-year) and an operating loss of KRW 6.89 billion in the first half of 2025. The film division’s revenue plummeted by more than 90% year-on-year, showing a severe downturn. While the success of the drama and the contract with Disney Korea contributed to the growth of the drama division, it wasn’t enough to offset the overall poor performance.

2. Reasons for Showbox’s Slump: Why These Results?

The main reasons for the film division’s slump are analyzed as the downturn in the theater market and Showbox’s own box office failures. Furthermore, financial risk factors, such as the decline in intangible asset (copyright) value and decrease in cash and cash equivalents, are also increasing. The unstable macroeconomic environment (exchange rates, interest rates, and rising raw material prices) is further complicating Showbox’s business environment.

3. Showbox Investment Strategy: What Should Investors Do?

In the short term, Showbox needs to present concrete strategies to revive the film business and plans to expand the drama business. Improving cash flow and stabilizing the financial structure are also important investment points. In the long term, strengthening the drama content production and distribution pipeline for sustainable profit generation and the ability to respond to changes in the macroeconomic environment will determine corporate value.

4. Investor Action Plan

  • Carefully analyze the possibility of Showbox’s future earnings improvement and risk factors.
  • It is important to establish an investment strategy from a long-term perspective, paying attention to short-term stock price volatility.
  • Continuously monitor management’s response strategies and market conditions.