'Hybe Profits Down in Third Quarter
in Third Quarter
Promotions with
direct involvement of artists—albums sales, concerts, advertisements, etc
New releases
from artists including Seventeen, Enhypen, NewJeans, and j-hope, were worth KRW 129 billion, accounting for the
Concert sales
for both Seventeen and Tomorrow X Together’s world tour marked KRW 47
Revenue categories
excluding artists’ promotion—merchandise sales, licensing, contents, fan club, etc
The company
blamed the dip in profits on production costs for a new audition program that unearthed
Hybe says
that it expects such investments and larger scale concerts will naturally enhance profitability in the
The company
said last month that BTS band members will begin to sign up for their military
While Hybe
is promoting the idea that it has diversified its activities investors were spooked in summer
In the
latest earnings statement, Hybe said that it was considering buying back some of its listed
Both are
signs of a mature enterprise that has moved beyond the fast=growth phase
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