YG's stock price went down even after the debut of Black Pink?

Despite the debut of Black Pink, its first new girl group in over seven years, YG's stock price has suffered a decline. 

YG's total revenues was a whopping 77.22 billion KRW (~$70.3 million USD) in the recently closed second quarter, a 70.7% rise from last year, and its total operating income was recorded to be 6.8 billion KRW (~$6.2 million USD), a 33.1% rise from the prior year. These distended numbers are mostly attributed to the promotions and activities of Big Bang and iKON, both of whom raked in millions for the company with tours, fan meets, and concerts. 

Unfortunately, YG's net profits and stock price tell an entirely different tale. Compared to last year, the label's profits dropped 43%, recording a net of 6.6 billion KRW (~$6 million USD) for the second quarter (Q2). 

SEE ALSO: Lee Yi Kyung withdrawn as MC of 'The Return of Superman' amid personal controversy, Kim Jong Min selected as new host

This drop in profits inevitably had a negative impact on YG's stock price, which closed at 34,100 KRW (~$31 USD) per share on August 11, after depreciating 3.67%. One year ago on August 11, 2015, YG's stock price closed at 57,225 KRW (~$52 USD) per share. Besides the financial results, THAAD may be having a negative impact for investors as well.

It's hard to say just yet if Black Pink had any direct impact on YG's stock price as the girls recently debuted. We'll simply have to wait until the end of the fiscal year and for more promotions from YG's hyped-up new girl group.