The One Enterprise Public Company Limited, or ONEE, reported a normalised profit for the second quarter of 2026 of 73 million baht, up 36 percent from the previous quarter but down 15 percent from a year earlier. This was above the 56 million baht forecast by Yuanta Securities, as revenue and EBITDA margin came in better than expected. Total operating revenue was 2.248 billion baht, growing 23 percent quarter-on-quarter and 26 percent year-on-year. The Idol Marketing business, one of the company's segments, stood out with revenue of 1.417 billion baht, up 31 percent from the previous quarter and 76 percent from a year ago. This comprised Artist Management at 507 million baht, Concert and Event at 476 million baht, and Merchandising at 433 million baht. Meanwhile, the Content Marketing business posted revenue of 792 million baht, down 16 percent year-on-year. Gross profit margin declined to 30.9 percent from 33.8 percent a year earlier, and EBITDA margin fell to 20.8 percent from 26.5 percent, due to a higher proportion of lower-margin businesses. Yuanta Securities upgraded its recommendation from Sell to Trading, maintaining a 2026 target price of 3.15 baht.
The ONE Enterprise Public Company LimitedQ2 profit beat expectations and revenue grew strongly, with Idol Marketing segment surging.
