CJ ENM stock reports stronger profit despite lower Q2 revenue

Published on 10/07/2026 at 03:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CJ ENM stock faces a KRW 50,000 target after Daishin cut KRW 56,000, while Q2 operating profit rose 16.9 percent. The price gained 2.77 percent on October 7, 2026.

CJ ENM, KR7035760008, Illustration mit AI erstellt.

CJ ENM (ISIN KR7035760008) was trading at KRW 35,250 on the KOSDAQ on October 7, 2026 at 10:03 a.m. KST, up 2.77 percent on the session. The latest reported quarter combined an 8.3 percent year-over-year revenue decline with a 16.9 percent increase in operating profit.

Q2 profit improves as revenue falls

According to ATS View, CJ ENM's Q2 2026 revenue was KRW 1.20 trillion, down 8.3 percent from the prior-year quarter. Operating profit reached KRW 33.4 billion, up 16.9 percent, while net income was KRW 22.2 billion and the operating margin was 2.8 percent.

The mix matters for investors. Profit growth arrived despite weaker top-line performance, leaving the stock dependent on continued cost control and stronger monetization across media, music, commerce and film and drama operations.

Daishin lowers its target

As Nate reported on October 7, 2026, Daishin Securities initiated coverage with a Buy rating and a KRW 50,000 target. The target was reduced from KRW 56,000 in the prior report, a 10.7 percent cut.

Daishin forecast Q3 2026 revenue of KRW 1.3 trillion, up 1 percent year over year, and operating profit of KRW 29.7 billion, up 69 percent. The report also cited weak television advertising, while viewing figures and the path toward break-even at TVING and the F&S business supported its recovery case.

Consensus stays above the quote

Investing.com lists a Buy consensus from 12 analysts, with 9 Buy, 2 Hold and 1 Sell ratings. The average 12-month target is KRW 56,333.33, 62.71 percent above the October 7 price, with a high of KRW 95,000 and a low of KRW 34,000.

The gap between the consensus and Daishin's KRW 50,000 target is material. Daishin's forecast points to improving operating leverage, but the lower target also reflects the pressure that weaker advertising and uneven content delivery can place on earnings visibility.

Stock trades near its yearly floor

CJ ENM stock was trading at KRW 35,250 on October 7, 2026, with a session range of KRW 34,450 to KRW 35,550. The 52-week range was KRW 28,100 to KRW 80,000, placing the quote materially below the yearly high while keeping the current price above the low.