HYV Records All-Time High Performance in Q3… News on BTS World Tour Achievements

There is news that HYVE achieved its highest-ever revenue and operating profit in the third quarter, driven by the success of BTS's world tour, and became the first K-pop agency to reach 4 trillion won in annual revenue.

According to disclosure data, HYIVE's consolidated revenue for the third quarter was 109% higher than the same period last year. It recorded 1.53 trillion won, an 8% increase, and successfully turned a profit with an operating income of 188.5 billion won. It achieved results that significantly exceeded market expectations, surpassing the record set in the previous second quarter—which reflected the performance of BTS's 'Arirang' world tour—in just one quarter.

In particular, concert revenue, including in Europe and North America, recorded 726.8 billion won, driving overall performance growth, and It seems that merchandise (MD) and licensing, as well as music and album sales, showed consistent strong performance. Lee Jae-sang, CEO of HYBE, revealed during the earnings announcement that they are preparing a variety of projects, including the addition of BTS's tour schedule and team and solo activities following the tour.

As the unrivaled global influence and achievements generated by BTS have been proven by numbers, I find myself sending even more anticipation and support for the upcoming world tour schedule and new musical endeavors.