HYBE has become the powerhouse for top idols in the K-pop industry and has emerged as a global player in the music industry thanks to the popularity of their artists, including the ones under their subsidiaries.
HYBE labels encompass a diverse portfolio of subsidiaries, each contributing to the overall revenue and net profit of the conglomerate. HYBE recently released a financial report on the performance of each constituent company, including Big Hit Music, Pledis Entertainment, Source Music, ADOR, and KOZ.
The revenues and net profits of HYBE Labels were shared in an online community as well.
Revenue:
- Big Hit Entertainment (artists like BTS, TXT, etc.): 409.5 billion KRW (approximately 313.5 million USD)
- Ithaca Holdings LLC (artists like Justin Bieber, Ariana Grande, etc.): 119.87 billion KRW (approximately 91.9 million USD)
- Pledis Entertainment (artists like SEVENTEEN, etc.): 240 billion KRW (approximately 183.8 million USD)
- Source Music(artists like LE SSERAFIM): 49.1 billion KRW (approximately 37.6 million USD)
- Ador(artists like NewJeans): 87.3 billion KRW (approximately 66.9 million USD)
- KOZ(artists like Zico, BOYNEXTDOOR, etc.): 15.3 billion KRW (approximately 11.7 million USD)
Net profit:
- Big Hit Entertainment: 107.2 billion KRW (approximately 82.1 million USD)
- Ithaca Holdings LLC: 4.66 billion KRW (approximately 3.57 million USD)
- Pledis Entertainment: 43.3 billion KRW (approximately 33.2 million USD)
- Source Music: 9.4 billion KRW (approximately 7.2 million USD)
- Ador: 20.5 billion KRW (approximately 15.7 million USD)
- KOZ: -5.5 billion KRW (approximately -4.2 million USD)
HYBE's aggressive expansion and acquisition strategy is primarily driven by its aim to diversify and strengthen its position in the global entertainment industry. By acquiring various companies and integrating them as subsidiaries, HYBE is broadening its portfolio beyond music production and artist management. Such expansion is also a strategic move to mitigate risks. By having a diverse range of operations, HYBE can protect itself against market fluctuations in any single segment. Additionally, these acquisitions enable HYBE to leverage synergies between different companies, enhancing overall operational efficiency and creating new opportunities for cross-promotion and collaboration among its artists and content.
Finally, this expansion aligns with HYBE's ambition to become a global leader in entertainment, giving it a competitive edge in the rapidly evolving and highly competitive world of digital and media entertainment.
“Artists like NewJeans” is funny. ADOR is *only* NewJeans for now.