43

19

News
Posted by Susan-Han Wednesday, May 11, 2022

YG Entertainment releases total sales + operating profit for the first quarter of 2022

AKP STAFF

On May 11, YG Entertainment published its total sales plus operating profit for the first quarter of 2022. 

According to the agency's report, YG Entertainment recorded an operating profit of 6.1 billion KRW (~ $4,750,000 USD) in the first quarter of 2022. This marks a 36% decrease from the same quarter in 2021. 

The agency recorded a total sales amount of 75.5 billion KRW (~ $58,790,000 USD) for this quarter, a decrease of 22.2% from the same quarter in 2021. Finally, the agency's net income for the first quarter of 2022 was recorded at 5.8 billion KRW (~ $4,520,000 USD). 

An analysis of YG Entertainment's first quarter report revealed that rookie boy group TREASURE's album sales contributed the greatest percentage in this quarter's total operating profit. However, due to the lack of promotions by the agency's other artists, YGE experienced notable financial losses  overall in the first quarter of 2022. 

Meanwhile, YG Entertainment's leading artist BLACKPINK is expected to make a comeback in the second half of the year, by June or July of 2022. It's also speculated that the group may embark on the second largest-scale overseas tour by a K-Pop artist after BTS some time in late 2022. 

Shop the story
BLACKPINK JENNIE Cover : W KOREA November 2024
$25
LALISA Rockstar Tee
$20
BLACKPINK JENNIE Cover: VOGUE KOREA May 2024
$22
BLACKPINK ROSÉ : Dazed & Confused Korea 2024 Spring Edition
$25
BLACKPINK JISOO Cover - W Magazine April 2024
$20
  1. BLACKPINK
  2. TREASURE
50 40,248 Share 69% Upvoted
 
kpopgangstah
kpopgangstah-1,959 pts Thursday, May 12, 2022 5
Thursday, May 12, 2022

[+] This user has a poor community rating, click here to read this comment.

16 (+26 / -10)
Share

5 more replies

 
Bignosewinter (Banned)
Bignosewinter (Banned)-3,309 pts Wednesday, May 11, 2022 9
Wednesday, May 11, 2022

[+] This user has a poor community rating, click here to read this comment.

6 (+23 / -17)
Share

9 more replies

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Song Jae Rim
Song Jae Rim
Hong Suk Chun, Kim So Eun, Song Jae Rim
Song Jae Rim
The Boyz
misc.
aespa, Giselle
misc.
ALL(H)OURS, AMPERS&ONE, BADVILLAIN, BOYNEXTDOOR, EVNNE, Lapillus, LUN8, SAY MY NAME, 82MAJOR
ATEEZ
NewJeans
The Boyz
misc.
Song Jae Rim
Red Velvet, Yeri
New Message

SEND