Episode Company Q1 2026 Consolidated Revenue Surges 15.8x YoY to KRW 153B (M&A Effect), Parent Turns to Net Profit

Q1 2026 consolidated revenue: KRW 15,305M (up 1,478% YoY from KRW 970M), driven by acquisitions of Studio Episode and Ace Factory; content revenue KRW 9,759M, commerce revenue KRW 5,488M
Consolidated operating loss: KRW 180M (improved from KRW 842M loss in Q1 2025), net loss KRW 211M (vs. KRW 843M loss); parent company operating profit KRW 339M, net profit KRW 402M (swing to black)
Debt-to-equity ratio: 109.75% (up from 32.40% at year-end 2025); short-term borrowings KRW 9,690M, convertible bonds KRW 4,108M, redeemable convertible preferred shares KRW 3,000M
Capital raised: paid-in capital increase of KRW 12.5B in January 2026, issuance of redeemable convertible preferred shares of KRW 3.0B in March 2026
New subsidiaries: Studio Episode (47.76% stake) and Ace Factory (100%) consolidated; goodwill recognized KRW 14,810M
Virtual asset CVTX delisted, fully impaired (KRW 200M); equity method loss from associates KRW 130M
No dividends or share buyback/split during the period