Korean netizens are keenly interested in comparing the earnings of the top four labels to gauge their competitiveness. 

On May 12th, this year's first quarter earning reports were out and netizens started talking about the top four labels' financial competitiveness. According to the reports, HYBE Labels had the most revenue, followed by SM Entertainment, JYP Entertainment, and YG Entertainment. HYBE reported 360.9 billion won, SM reported 220 billion won, JYP reported 136.5 billion won, and YG reported 87.3 billion won. 

But when looking at their operating and net profits, JYP Entertainment had the most operating and net profits, followed by SM Entertainment, HYBE Labels, and YG Entertainment. Net profit means the sum of operating profits and other income less the taxes.  

Netizens shared their thoughts: "HYBE needs to be audited. Where are all the money going?"

"What is HYBE doing to have 2.9 billion won as their net profits when their revenue is 360.9 billion won?"

"We can just call top three without YG."

"How can HYBE shareholders stay quiet after looking at this report?"

"JYP should invest more in their artists."

"It's wild YG had more than 7.4 billion won of other income to offset that 7 billion loss in operating profit."

"HYBE directors including Park Ji Won should return their incentives."