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Posted by sl278273 pts Thursday, March 12, 2020

Netizens compare the profits of JYP, SM, Big Hit, and YG in 2019

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A popular online community post showing the 2019 sales and profits from the biggest K-pop labels has gained attention and sparked netizen discussion.

The post lists the earnings in 2019 from South Korea's biggest labels such as YG Entertainment, SM Entertainment, JYP Entertainment, and Big Hit Entertainment. Although there were formerly the powerful 'Big 3' labels, Big Hit's immense rise due to BTS's popularity has allowed them to be included for the new 'Big 4'.

The post reads as follows: 

Sales

SM: 658 billion KRW (543 million USD)
Big Hit: 588 billion KRW (485 million USD)
YG: 265 billion KRW (218 million USD)
JYP: 155 billion KRW (128 million USD)


Operating Profit

Big Hit: 98 billion KRW (80.1million USD)
JYP: 43 billion KRW (35.5 million USD)
SM: 40 billion KRW (28 million USD)
YG: 2 billion KRW (1.6 million USD)


Since Big Hit Entertainment is a private company, they didn't release their net profit but they're estimated to have the highest profit in 2019 followed by JYP, SM, and YG.


Net Profits

Big Hit: 79 billion KRW (65.2 million USD) – Profit
JYP: 32 billion KRW (26.4 million USD) – Profit
SM: 16 billion KRW (13.2 million USD) – Deficit
YG: 25 billion KRW (20.6 million USD) – Deficit


Overall, Big Hit surpassed many of the other labels by a very large margin in all areas with the exception of sales in which they trailed SM by a small margin. However, SM and YG took deficits in their profit statements. Although JYP's sales were the lowest of the Big 4, their net profits were the second-highest meaning they run a very efficient business. 

Netizens commented:

"How is SM at a deficit?"

"I can't believe just BTS brought in 79 billion KRW in profit."

"I'm amazed at BTS."

"It's no surprise that YG is at a deficit but why SM?"

"JYP is excellent in business. Low sales but high profits."

What do you think of these numbers? 

  1. misc.
93 95,513 Share 79% Upvoted

31

aleeshaskip218 pts Thursday, March 12, 2020 2
Thursday, March 12, 2020

sm loosing money because of all that money they're pumping into superm wbk

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Eunbean1,556 pts Thursday, March 12, 2020 19
Thursday, March 12, 2020

If Bigbang are not promoted this year, B.I won't rejoin Ikon, with WINNER in military, AkMu leaving rummors, BLACKPINK won't get a comeback and Baby Monsters will debut with an album (not even mentioning a full album) that's the end of YGE, I can't see their fans taking much more than this

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