HYBE
Revenue: ₩1.5257 trillion
Operating Profit: ₩188.5 billion
Net Income: ₩11.3 billion
HYBE Revenue by Business Segment
Concerts (Direct Participation): ₩726.8 billion (+196.7% YoY 📈)
Merchandise & Licensing (Indirect Participation): ₩334.6 billion (+98.7% YoY 📈)
Physical Albums & Digital Music: ₩282.8 billion (+49.0% YoY 📈)
Key Earnings Highlights
– BTS’s strong tour performance was a major driver of HYBE’s overall results.
– Concert revenue increased thanks to tours by SEVENTEEN, ENHYPEN, KATSEYE, LE SSERAFIM, and other artists.
– Merchandise revenue reached an all-time quarterly high, with BTS’s North American tour merchandise alone generating approximately ₩107 billion.
– Album sales also performed strongly, with ENHYPEN’s latest release debuting at No. 1 on the Billboard 200 and CORTIS’s new release driving album sales.
– The decline in net income was partly attributed to foreign currency valuation losses caused by exchange rate fluctuations.
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SM Entertainment
Revenue: ₩291.1 billion
Operating Profit: ₩35.5 billion
Net Income: -₩1.131 billion (Net Loss)
SM Revenue by Business Segment
Physical Albums & Digital Music: ₩47.1 billion (-51.3% YoY 📉)
Concerts (Direct Participation): ₩34.5 billion (-34.2% YoY 📉)
Merchandise & Licensing (Indirect Participation): ₩62.1 billion (+23.5% YoY 📈)
Artist Appearances: ₩29.2 billion (+21.3% YoY 📈)
Key Earnings Highlights
– Revenue declined due to gaps in new album releases and tours from major artist IPs.
– Merchandise utilizing artist IPs drove sales, outperforming album revenue and becoming a major source of income.
– Subsidiaries Dream Maker and KeyEast returned to profitability.
– Revenue is expected to improve starting in Q4, as major artists including aespa, NCT DREAM, and NCT WISH begin their global tours in full swing.
– The net loss was partly attributed to foreign currency valuation losses caused by exchange rate fluctuations.
💡 JYP and YG have yet to announce their Q3 earnings, which are expected to be released in mid-November.
1. ENHYPEN also has three comebacks and a non-stop tour schedule, so make sure to keep an eye on them too
2, What’s going on with SM??
3. SM didn’t have any tours, did they?
4. HYBE’s net profit is low because they’re pouring money into pointless, loss-making ventures. If they hadn’t tried to expand their business and just stuck with Big Hit, their earnings would’ve been way better, talk about being greedy
4. Wow, Bangtan ㄷㄷ
5. BTS is basically the whole company; if they leave HYBE, the company is honestly going to collapse.
6. Ah, my stocks…;
7. Even with Bangtan going on tour, the net profit is… so why do they keep talking about reducing dependency on them?
8. HYBE, just stick to supporting K-pop idols, stop messing around with this whole “gaming industry” nonsense
9. They’re acting like this even when Bangtan is out on tour??
10. It’s obvious to anyone that Bangtan is what keeps HYBE afloat, yet they keep talking about “reducing BTS’s influence”~ㅋㅋㅋㅋㅋㅋ as if they’ve actually managed to do so. I honestly want to see what happens to the company if the contract renewals fall through and Bangtan’s influence truly disappears