72

22

News

HYBE Labels reports sales and operating profits for Q3 of 2023

AKP STAFF
Posted by Susan-Han Wednesday, November 1, 2023

HYBE Labels has reported its performance results for the third quarter of 2023. 

The entertainment company reported 537.9 billion KRW (~ $400 million USD) in sales and 72.7 billion KRW (~ $54.3 million USD) operating profits, a 21% increase in sales and 20% increase in operating profits from the same quarter in 2022. 

In Q3, artists including BTS's V, Jungkook, Seventeen, TOMORROW x TOGETHER, and NewJeans demonstrated their selling power with physical albums and digital streams and downloads. Revenues from LE SSERAFIM's first world tour 'Flame Rises', Seventeen and ENHYPEN's tour merch sales, and sales of BTS's official 10th anniversary photobook, 'Beyond The Story', were also reflected in this quarter.

Lastly, HYBE Labels is expected to witness stronger performance in the fourth quarter, notably in physical albums sales with back-to-back album releases including BTS Jungkook's 'Golden', Seventeen's 'Seventeenth Heaven', TOMORROW x TOGETHER's 'The Name Chapter: Freefall', and ENHYPEN's 'Orange Blood'. 

Shop the story
New Jeans Cover : Billboard Artist Magazine
$38
BTS JIN : VOGUE October 2024
$25
SEVENTEEN S.COUPS & HOSHI Cover : Allure September 2024
$25
SEVENTEEN Official Light Stick Ver.3 Keyring
$35
BTS JIN Cover - W Magazine August 2024
$24
SEVENTEEN JEONGHAN & WONWOO Cover : Allure June 2024
$24
[WEVERSE POB] NewJeans - 2nd Single [How Sweet] (Standard ver.) (SET)
$125
Official SEVENTEEN Lightstick ver. 3
$69
  1. BTS
  2. V
  3. Jungkook
  4. ENHYPEN
  5. LE SSERAFIM
  6. NewJeans
  7. Seventeen
  8. TXT
8 10,807 Share 77% Upvoted
 
Titinator
Titinator4,918 pts Thursday, November 2, 2023 0
Thursday, November 2, 2023

HYBE IS DOMINATING THE KPOP INDUSTRY

9 (+11 / -2)
Share
 
grehaneliz
grehaneliz244 pts Saturday, November 4, 2023 0
Saturday, November 4, 2023

Nr. 1 HYBE unstoppable power!! 🖤

-1 (+0 / -1)
Share

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Lisa
SHINee, Taemin
Ailee
BTS
Crayon Pop, Soyul, H.O.T, Moon Hee Jun
15 hours ago      11,097
Lisa
BLACKPINK, Jennie, Rosé, Lisa
Park Bo Gum
Code Kunst, Park Na Rae
BoA, Jun Hyun Moo, Kian84, Park Na Rae
Lisa
BTS, V
BTS
Super Junior, Sungmin
Ailee
New Message

SEND