The artist intellectual property (IP) solution company Knowmerce reported on the 14th that its consolidated revenue last year reached 68.9 billion won, a 63% increase compared to the previous year. Operating profit and net profit amounted to 8.1 billion won and 9.8 billion won, respectively, marking a successful return to profitability.
The fandom communication platform Fromm and the commerce products (MD), along with overseas tours, have shown strong performance, leading to significant growth and improved profitability. Despite reflecting approximately 2.7 billion won in stock options and one-time expenses, it demonstrated the ability to generate revenue through external growth.
Knowmerce plans to expand its total solution offerings to agencies that are promoting global expansion, including in North America, focusing on fandom management, MD and content production, and overseas concerts. As of last year, the number of IPs collaborating through Knowmerce's total solutions reached approximately 600.
A Knowmerce official noted, "The demand for collaboration is increasing as we can quickly achieve the expansion of overseas entries and maximize additional revenue for small to mid-sized agencies and independent artists," adding, "This year, we will actively secure artist IP and continue our high growth through strategic business development based on Fromm's databases."
Knowmerce's Fromm is a platform for artists and fans to communicate, currently collaborating with about 400 artists including Cha Eun-woo, BTOB, Kim Hye-yoon, and Oh My Girl. Last year alone, 181 new artists were added.