Hybe, the South Korean company behind BTS, enjoyed a 31% increase in quarterly revenue for the three months to September, but suffered an 8% fall in operating profits Its top line revenue reached K…
, enjoyed a 31% increase in quarterly revenue for the three months to September, but suffered an 8% fall in operating profits Its top line revenue reached KRW446 billion . Operating profits were reported as KRW60.6 billion .
Revenue categories excluding artists’ promotion—merchandise sales, licensing, contents, fan club, etc.—totalled KRW 239 billion. Among these businesses, merchandise sales and licensing delivered the biggest portion, recording KRW 115 billion, while content business involving BTS’ DVD, “BTS Island: In the SEOM”, generated KRW 107.2 billion.
Hybe says that it expects such investments and larger scale concerts will naturally enhance profitability in the future.
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