HYBE Labels has reported its third quarter sales and operating profits for 2022. 

According to the corporation on November 3, HYBE Labels recorded a total sales of 445.5 billion KRW (~ $313.5 million USD). Of the total amount, 206.2 billion KRW was the result of album sales, on/offline concerts, and advertisement endorsements. HYBE Labels artists who released albums in the third quarter of 2022 include Seventeen, ENHYPEN, NewJeans, and BTS's j-hope. On/offline concerts for the third quarter included world tours by Seventeen and TOMORROW x TOGETHER. Additionally, 239.3 KRW of the total sales resulted from MD sales, licensed product distribution, and other various content. 

The corporation reported a total operating profit of 60.6 billion KRW (~ $43 million USD) for the third quarter, an 8% decrease from the same quarter in 2021. HYBE Labels attributed this decrease in profit to the significant investment used in the production of a rookie group audition program, as well as funds used for the production of offline concerts. 

In the fourth quarter of 2022, HYBE Labels will launch its first Japanese group &TEAM. In 2023, the label plans on launching a global girl group project with auditions taking place in the U.S.