HYBE posts record quarterly results as BTS tour lifts revenue
K-pop giant HYBE reported record third-quarter revenue and operating profit Tuesday, propelled by BTS' ongoing world tour, putting it on track to become the first K-pop agency to surpass 4 trillion won ($2.98 billion) in annual revenue. According to its regulatory filing, the company's preliminary revenue for the July–September period jumped 109.8 percent year-on-year to 1.53 trillion won on a…
HYBE, the leading K-pop agency, announced record-breaking third-quarter results on Tuesday, buoyed by BTS's ongoing world tour. The company's consolidated revenue for the July-September period surged 109.8% year-on-year to 1.53 trillion won, while operating profit turned positive at 188.5 billion won, up from a loss of 42.2 billion won the previous year.
Net profit also returned to profitability at 11.3 billion won. Both revenue and operating profit set new quarterly records for HYBE, surpassing the previous highs of 1.45 trillion won in revenue and 170.9 billion won in operating profit, both achieved in the second quarter of this year. The operating profit exceeded market expectations by 13.6 percent. Concert sales played a significant role in the company's growth, leading the surge in performance.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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