9

0

General

Big Hit Entertainment records its best revenue ever + sees over 200% increase in operating profit in 2017

Posted by yckim124766 pts Thursday, March 22, 2018
BTS
On March 22, Big Hit Entertainment announced the company's 2017 fiscal results.


According to the 2017 data, Big Hit earned 92.4 billion KRW (86 million USD) in revenue, 32.5 billion KRW (30 million USD) in operating profit, and 24.6 billion KRW (23 million USD) in net income. 


This is a 162% increase in revenue, 214% increase in operating profit, and 173% increase in net income compared to the previous year. 


SEE ALSO: BTS rolls out new concept photos for 'PERMISSION TO DANCE ON STAGE - LIVE'


The immense success of BTS' album 'Love Yourself: Her' and their world tour that attracted more than 550,000 fans are considered the major factors that led to the big jump in revenue and profit. 


A rep of Big Hit stated, "2017 was a year where BTS' international success led to great financial success. In every aspect, we have recorded the best performance and improvement since the agency's establishment in 2005."

  1. BTS
  2. BIG HIT ENTERTAINMENT
0 22,091 Share 100% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
The Boyz
Bang Si Hyuk
misc.
2 days ago      109,165
Park Gyu Young
Kim Yuna
Defconn, Lee Yi Kyung
Koyote, Shinji
NCT Dream, TXT
The Boyz
Yoo Ah In
The Boyz
Bang Si Hyuk
Yves
Yoo Ah In
STAYC
New Message

SEND