Astory에이스토리

Astory's revenue and profits have fallen sharply, with heavy losses over the last twelve months and a share price down about 75% in a year.

Astory is a Korean TV drama producer that also earns from licensing content rights and runs an artist management subsidiary, AIMC. Trailing twelve-month figures to H1 2026 show revenue of ₩16.8B, an operating loss of ₩9.1B and a net loss of ₩4.7B, with cash of ₩1.1B against a ₩17.97B enterprise value. The data does not include news headlines, so the company's recent direction rests mainly on its filings.

What stands out

• Revenue fell from ₩71.7B in 2022 to ₩11.8B in 2025, and the company has posted operating losses in 2024 and 2025 after profits in 2021 to 2023.
• Trailing operating margin is -54.2% and free cash flow is -₩9.4B, so the business is currently spending more cash than it generates.
• The share price closed at ₩1,999 on 19 October 2026, down 75.1% over one year and 16% over one month, versus a 52-week range of ₩1,900 to ₩9,280.
• Price-to-book is 0.4 and price-to-sales is 1.1, but earnings-based valuation ratios are not available because earnings are negative.
• Filings in 2026 include several major sales or supply contracts, a buyback trust contract signed on 29 July, and a half-year report for June 2026; the convertible bond decision was amended in April.
• Foreign ownership fell from 4.1% to 3.1% over the past 60 days, and foreign investors were net sellers over the last 20 days.

What to watch

• The contents and financial effect of the major sales or supply contracts and how they show up in future revenue.
• Progress of the buyback trust and the convertible bond issue, including any dilution effect on the 9.5 million listed shares.
• Whether losses narrow in upcoming reports, given cash of ₩1.1B and no borrowings reported in the data.